307w ago - THQ announced today that it has canceled PS3 version of Frontlines: Fuel of War(TM) and also the PS2 version of Destroy All Humans!(R): Big Willy Unleashed.
Two unannounced titles for Xbox 360 and PS3, scheduled for 2010, have also been canceled. The Concrete Games studio, which was working on one of the unannounced titles, will also be closed down.
To quote: However, the company expects to report approximately $20 million in accelerated amortization expense related to the underperformance of certain previously-released games, including Stuntman(R):Ignition(TM), Ratatouille and Conan(R). In addition, consistent with the company's previously-announced quality initiatives relating to product development and its product pipeline, the company expects to record non-cash charges of approximately $27 million related to:
1) the cancellation of the PlayStation(R) 3 (PS3) version of Frontlines(TM): Fuel of War(TM) and the PlayStation(R) 2 (PS2) version of Destroy All Humans!(R): Big Willy Unleashed;
2) costs associated with two unannounced titles for Xbox 360 and PS3 that had been scheduled for release in fiscal 2010; and
3) the company's decision not to pursue its Juiced(TM) and Stuntman(R) intellectual properties.
307w ago - Recent rumors suggested that THQ had totally scrapped Frontline: Fuels of War for the PS3. However, a THQ PR rep has told one website that the PS3 version is not canceled and has just been delayed.
The team is reportedly working as normal to finish the Xbox 360 and PC versions in time for a February launch while the PS3 version is scheduled for a release later on in the year.
To quote: Some rumors posted on other Web sites have reported that the PS3 version of Kaos Studios and THQ's upcoming multiplayer shooter Frontlines: Fuel of War has been cancelled. FiringSquad has checked in with THQ's PR contact for the game who told us today that the PS3 version had not been cancelled but has been delayed.
According to our contact Kaos Studios is working to finish the PC and Xbox 360 versions of the game for release in February. The PS3 version is still scheduled for release later in 2008.
308w ago - Toshiba has reacted strongly to last week's news that Warner Bros had defected to Sony's Blu-ray camp by cutting prices on its HD DVD players in the US by up to half.
According to a report on CNN Money the suggested retail price of its three standalone players will fall by as much as USD 200 - the HD-A3 falls from around USD 300 to USD 150, the HD-A30 drops from USD 400 to USD 200 while the HD-A35 goes from USD 500 to just USD 300.
The company already marketed one of HD DVD's key advantages as being cheaper than Blu-ray, and Toshiba is taking drastic action to keep its format in the next-generation DVD race.
Following Warner's decision Blu-ray now boasts five key players on its side of the divide, while Paramount and Universal support HD DVD.
Toshiba America's group vice president of digital audio and video explained: "While price is one of the consideration elements for the early adopter, it is a deal-breaker for the mainstream consumer."
The company also plans a lengthy advertising campaign to promote HD DVD on TV, print and online.
308w ago - This should be the final year for the high-def format war.. So, what's next?
After Warner Bros.' endorsement of Blu-ray shortly before the Consumer Electronics Show, many analysts have said Blu-ray will be the ultimate winner in its high-def disc format war against HD DVD.
But how much longer will the war go on? And, what will happen before it comes to an end -- assuming that it does?
Here's my prediction for what's likely to transpire in the high-def format war in 2008:
1.The HD DVD Surge
Toshiba said today that it will slash prices on HD DVD players and expand its marketing campaign. Clearly, the format's leading supporter is trying to show the studios and other industry players that it's still a competitive battle.
However, in part because of the negative press from CES (thanks to Warner Bros), relatively few consumers will bite on the lower prices due to fears that they will purchase a soon-to-be obsolete format.
2. Toshiba & Sony Will Begin Peace Talks
While awaiting sales results from the first quarter, Toshiba and Sony (Blu-ray's leading supporter) will begin informal negotiations for establishing a single format. With five major studios behind it (compared to HD DVD's two), Sony has the leverage here, but it wants to bring this battle...