Midway Games reported their sales results for the third quarter of their fiscal 2008 year yesterday evening. For the quarter, the company posted a huge net loss of $75.9 million, which is a little more than twice that of their previous third quarter in 2007 with $33.5 million.
“In the second and third quarters of [...]

Video game industry sales for the month of September were announced earlier this evening by the NPD Group. In what’s starting to sound like clockwork, Nintendo led the charge in hardware sales, moving 687K units of the Wii and 536.8K units of the DS.
Microsoft’s Xbox 360 also had a respectable month thanks in large part [...]

THQ’s Executive Vice President of Worldwide Studios Jack Sorensen has quit, according to a statement released by the company last night. In his place, THQ has tabbed three individuals, Roy Tessler, Danny Bilson, and Steve DeCosta, to fill his product management roles.
“Jack Sorensen has played an important role in building out THQ’s studio system and [...]

After weeks of rumors, speculation, and retail flyers that spilled the beans, Microsoft finally confirmed this evening that all of their Xbox 360 SKUs will get a price cut. Starting on September 5, the Elite system will sell for $399.99, the 60GB Pro system for $299.99, and most notably, the Arcade system for $199.
“We are [...]

While you’ll usually hear that the game industry trumps the movie industry in revenue, that’s usually not true. While box office dollars may not match up the game industry (and with $10 tickets as opposed to $60 games, that’s not really a surprise), adding in other forms of movie media always caused film to take [...]

GameStop announced this morning that they have agreed to purchase independent New Zealand game retailer The Gamesman. Once the deal is completed, the eight stores will be converted to the GameStop EB/Games brand and expand the chain’s presence in the area to 38 stores, adding up to 308 for the entire Austrailia/New Zealand area.
“We are [...]