London Venture Partners, Sony, SEGA, NESTA and GAMESbrief will all be in attendance at the Games Invest 2011 event taking place at the Eurogamer Expo on September 22 this year.
Sony, SEGA and London Venture Partners will be taking the role of investors, with NESTA providing sponsorship and GAMESbrief founder Nicholas Lovell giving a presentation entitled “Raising money for games: pitching your company, not your product”.
The event is an opportunity for small to medium business to gain investment insights, network with investors and other businesses and pitch ideas to potential funders. Tickets are available online for £99 plus booking fee, which will include complete access to the Eurogamer Expo itself, as well as the GamesIndustry.biz career fair.
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Source: GamesIndustry.biz – News
London Venture Partners, Sony, SEGA, NESTA and GAMESbrief will all be in attendance at the Games Invest 2011 event taking place at the Eurogamer Expo on September 22 this year.
Sony, SEGA and London Venture Partners will be taking the role of investors, with NESTA providing sponsorship and GAMESbrief founder Nicholas Lovell giving a presentation entitled “Raising money for games: pitching your company, not your product”.
The event is an opportunity for small to medium business to gain investment insights, network with investors and other businesses and pitch ideas to potential funders. Tickets are available online for £99 plus booking fee, which will include complete access to the Eurogamer Expo itself, as well as the GamesIndustry.biz career fair.
Read more…
Source: GamesIndustry.biz – News
Social gaming giant Zynga has revised the S1 document for its much publicised initial public offering.
The amendments to the filing affect revenue reported for the quarter ending March 31.
“We have restated our unaudited consolidated financial statements as of March 31, 2011 and for the three months then ended to reflect a correction in our accounting policy to properly apply changes in our estimated average playing period for paying players. The impact of this restatement was to increase revenue by $ 7.5
million and increase the provision for income taxes by $ 2.5 million for the three months ended March 31, 2011 and decrease deferred revenue by $ 7.5 million as of March 31, 2011.”
It also showed that while 93 per cent of revenue came from just three games in 2008, in 2011 that figure stands at just 63 percent.
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Source: GamesIndustry.biz – News
Valve has announced the sequel to its classic online shooter Counter Strike, which will be playable for the first time in Europe at the Eurogamer Expo in September.
The sequel, full title, Counter-Strike: Global Offensive, will be playable for the first time in North America at Pax Prime and in Europe at the Eurogamer Expo.
“Counter-Strike took the gaming industry by surprise when the unlikely MOD became the most played online PC action game in the world almost immediately after its release in August 1999,” said Valve’s Doug Lombardi.
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Source: GamesIndustry.biz – News
Online game developer Trion Worlds will release its RTS title, End Of Nations, as a free to play game.
“For a premium strategy game like End of Nations, we really wanted to bring as many players as possible into its massive-scale strategic warfare,” read the official site.
“And the more we looked at the enormous battles and huge persistent world, we realized that the success of End of Nations would be driven by having thousands of players from around the globe battling daily in the world?s biggest strategy game.”
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Source: GamesIndustry.biz – News
The free-to-play version of Funcom’s Age Of Conan MMO has doubled the game’s revenue in its first month.
Age Of Conan: Unchained runs in parallel with the subscription-based version, and more than 300,000 new players have registered since its launch.
“The launch of the hybrid business model has been very successful so far,” said Funcom CEO Trond Arne Aas in a statement.
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Source: GamesIndustry.biz – News
The Texas Film Commission has made changes to its incentive scheme for video game companies, bringing the industry in to line with film and television.
From August 28 developers and publishers will be eligible to apply for 15 per cent “of eligible in-state spending paid to Texas residents”. Previously video game business could only claim 5 per cent.
Evan Fitzmaurice, film commission director, told Statesman the move reflected the positive impact that the industry had had on the state.
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Source: GamesIndustry.biz – News
With signs pointing to a new economic downturn, Grand Theft Auto publisher Take-Two has said that it has refined its business following the 2008 market collapse and is better prepared for more years of financial disruption.
CEO Strauss Zelnick admitted that the entertainment business is not recession proof, and acknowledged that the disruptions of a few years ago is not something he wants the games industry to suffer through again.
“The entertainment industry is not counter-cyclical despite what people say,” he said in a call to investors last night. “After the ’08 financial crisis we suffered, our competitors suffered, our numbers suffered and we don’t wish it on anyone.”
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Source: GamesIndustry.biz – News
