AHA-Lambda
Member
Ok, I admit I'm unfamiliar with this site but this story popped up on my feed this morning
http://www.outoflives.net/2016/05/28/game-stores-to-close/
Lock if old or considered unreliable.
Game Digital has told its shareholders it has lost “significant” levels of credit insurance after the second year of poor Christmas trading. This means that big companies would not lend to the company in form of stock. This is a repeat of what happened in early 2012 when companies like EA, Activision and Microsoft would not lend to the group.
We have been informed by a GAME employee that the future for the company relies on E3. He asks to remain anonymous but said:
“Staff are fearing for their jobs as we don’t know what the future holds. We have been told it all relies on E3 and what the companies announce, along with demand of up and coming games. We have had a poor few years as the transition to next-gen for consumers did not happen as quick as anticipated”
Even with 60 million “next-gen” consoles sold world-wide it has taken a few years and much longer than industry specialists thought it would for people to upgrade.
“We need something new to sell” our source said, “However the rumored upgraded Xbox and PlayStation Consoles are not what people want just yet, it’s just too early as people have only recently made the transition. Nintendo are keeping quiet about the NX and it’s still uncertain if they will release before April 2017 (this financial year)”.
“At present EA have cut ties with us and we can’t get the stock, that’s going to have a huge impact on us with the AAA games they have coming out towards the end of the year, at present we have only been given enough stock to fulfil Pre-Orders for Mirrors Edge. If this is a poor E3, or things are not coming out till later 2017 we are in serious danger of mass closure!
http://www.outoflives.net/2016/05/28/game-stores-to-close/
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