by Steve Watts, Sep 07, 2011 12:00pm PDT
Disney's Salt Lake City, Utah-based subsidiary, Avalanche Software, has been hit with layoffs. The estimated 15-20 layoffs reportedly took place September 1, and were a response to budget issues as the economy continues to hit the video game industry. An estimated 170 employees are still with the company.
"Disney has been on the losing end for a while, supposedly," said a source.
Read more: Disney confirms 'restructuring' »
by Jeff Mattas, Aug 12, 2011 1:15am PDT
Market research firm NPD Group's retail-only data for the month of July has been released, with Electronic Art's latest college football entry, NCAA Football 12 taking top honors. NCAA 12 sold the best this July, "realizing a 15% increase in unit sales versus NCAA 11 in July 2010." That aside, "video game sales in the new physical retail channel suffered its lowest month since October 2006," noted NPD Analyst, Anita Frazier. New sales are down four percent, year-to-date, with a projected year-end sales figure that's two percent less than last year.
Read more: July's NPD data »
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