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News: Financial troubles mount at Playlogic

Fairytale Fights publisher Playlogic recorded further losses for the first three months of the year, the latest in a trend that has seen the company haemorrhaging money. In filings submitted to the SEC last month, the publisher revealed it made a net loss of $2.2 million for the period January to March 2010, and admitted that it is also defaulting on weekly loan repayments ... Full story
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LittleBigPlanet 2 Dated

LittleBigPlanet 2 Dated
LittleBigPlanet 2 will launch on November 16 in the US, Sony Computer Entertainment America has announced. The Media Molecule developed PS3 platformer is the follow-up to 2008’s excellent LittleBigPlanet , which has now sold over three million copies. The sequel has yet to be given a European date Full story
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Disney Acquires Tapulous

Disney Acquires Tapulous
The Walt Disney Company has acquired Palo Alto-based iPad, iPhone, and iPod Touch developer Tapulous. The studio specialises in music titles and is best know for Tap Tap Revenge , which Disney says has been installed by more than 30 per cent of iPhone/iPod touch users. Full story
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News: RealNetworks shuts down internal games studio

RealNetworks has announced a "significant reorganisation" of its business and operational structure, resulting in the closure of its games development division. The company has consolidated its Technology Products and Solutions and Media Software and Services business units and re-organised them into three separate teams focused on product development, sales and marketing, and service delivery. As a result around 85 positions have been let go, ... Full story
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Global Game Market To Hit $86.8B In 2014 – PwC

Global Game Market To Hit $86.8B In 2014 - PwC
PricewaterhouseCoopers expects the global games market to grow from $52.5 billion ( Full story
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News: Report: Warner Bros to pay $160 million for Turbine

A source close to the negotiation between Warner Bros and Lord of the Rings Online studio Turbine has said that the media giant will pay around $160 million for the developer. Speaking to The Boston Globe, the source speculated that the figure would include sums to be paid to Turbine shareholders in future years if the company meets certain financial targets. Details of the ... Full story
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Singapore To Invest £9.5 Million In Games Industry

Singapore To Invest £9.5 Million In Games Industry
Singapore’s Media Development Authority (MDA) plans to scale up the capability of the nation’s media companies to undertake large-scale projects targeting international markets. Among a series of project and investment announcements made at its annual Media Business Forum, the MDA said that it has earmarked a S$20 million ( Full story
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News: Target wins Namco Bandai contract

Target Media has announced that it will handle the media planning and buying for Namco Bandai new releases, including Tekken 6, Splatterhouse and Test Drive Unlimited 2. The account, worth £3 million, came into effect on April 1 this year and was awarded to Target following a competitive pitching process. "We are thrilled to announce that we will soon be working with Namco Bandai ... Full story
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News: Doak awarded £50k for Facebook game Gangsta Pets

ZinkyZonk, a new studio set up by former Free Radical bosses David Doak and Steve Ellis, has been awarded a £50,000 grant for its new Facebook game Gangsta Pets. Full story
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Rock Band 3 Out By Christmas

Rock Band 3 Out By Christmas
Viacom CEO Philippe Dauman has confirmed that Harmonix is working on Rock Band 3 , which is set for a worldwide release “this holiday season”. The Viacom boss’ revelation came during a talk at the Credit Suisse Group Global Media and Communications Conference this morning. Full story
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