Capcom Ditches GAME As Possible Closure Looms

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Capcom Ditches GAME As Possible Closure Looms

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Troubled U.K. retailer Game announced that it will not be stocking Street Fighter X Tekken or Asura's Wrath as executives consider "pulling the plug" rather than struggling through more financial losses.

"It's always darkest before it goes totally black," as the old saying goes, and it's getting very dark indeed for U.K. videogame retailer Game. The company announced today that it will not be carrying Street Fighter X Tekken or Asura's Wrath, both scheduled for release on March 9. The games join Mass Effect 3, Mario Party 9, Tiger Woods 13, Sims 3: Showtime, The Last Story and FIFA Street among the major releases that will be absent from Game shelves in March.

"Unfortunately Capcom must confirm that Street Fighter X Tekken for PlayStation 3 and Xbox 360 and Asura's Wrath, both scheduled for release on Friday March 9, will not be stocked by Game or Gamestation either in their retail outlets or on their online stores operating in the UK and Ireland," a Capcom rep told MCV. The game will still be available through other retailers in the U.K. and Ireland, the rep added, and Game is offering full refunds on preorder deposits.

This latest blow could spell the end for the Game Group, as The Express says executives are already considering shutting down the company completely rather than trying to struggle through future losses. "There is a real risk that Game's directors will pull the plug because they can't be sure that the company can survive through the next trading season, and then insolvency becomes inevitable," a "source close to the situation" said. "They are in discussions with their legal advisers about whether to shut up shop rather than rack up more losses."

The Royal Bank of Scotland, which heads a consortium of Game Group lenders, is reportedly growing antsy with the situation but can't push too hard for more closures for fear of making things worse. "Suppliers pulling their products is a stepping stone to administration, but the problem for RBS pulling the plug is that it will be an expensive and complex administration because Game has 1,274 stores across Europe and Australia," another source said. "Lending banks will only want to consider a pre-pack administration, where there is a pre-arranged buyer, but who would want to buy Game?"

One possible suitor for Game is U.S. retailer GameStop, although any potential deal would have to work around GameStop's lack of interest in Game's Australian operation. Game hasn't commented on the loss of Street Fighter X Tekken and Asura's Wrath, but says its current supply problem is a "temporary situation."

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I read the title and was dissapointed to find this wasn't about Capcom going bankrupt because man that'd be awesome.

TsunamiWombat:
I read the title and was dissapointed to find this wasn't about Capcom going bankrupt because man that'd be awesome.

Misleading title is misleading! RAWR!!

Also...wasn't this already reported in another news item? Redundancy now? Redundancy now?

I heard this the other day but it was about Mass Effect and EA. This is bad news for us here in the UK and most likely the colonies as from what I hear HMV won't be around for much longer either. So its basically Toy'R'us or one of the big chain super markets for new games. Gawd I hope Computer EXchange is holding out... if they go that will basically be it for my gaming experience...

This doesn't come as a surprise. Game has been circling the drain for quite a while already. When they're unable to stock new titles it really means the beginning of the end. I feel sorry for those who use Game for their gaming needs.

TsunamiWombat:
I read the title and was dissapointed to find this wasn't about Capcom going bankrupt because man that'd be awesome.

I agree completely. Capcom is even more evil than EA :O

So Capcom 's a bit like you then?
image
And in context as well, I am teh master of ebil! ;)

PunkRex:
I heard this the other day but it was about Mass Effect and EA. This is bad news for us here in the UK and most likely the colonies as from what I hear HMV won't be around for much longer either. So its basically Toy'R'us or one of the big chain super markets for new games. Gawd I hope Computer EXchange is holding out... if they go that will basically be it for my gaming experience...

CEX is an entirely second hand shop.

I can see them actually booming from GAME and Gamestations growth as you can't exactly trade games in online can you?

Still, it could be tricky.

No... GAME, please don't close, I get 90% of my video games from you... especially now HMV doesn't stock PC games anymore. T.T

As long as Gamestation stays open, I'll still be OK...but God forbid them closing down too, then all I'll be left with is the extortionate prices of His Master's Voice.

Nooo! I love Gamestation! GAME can go, but not Gamestation as well!

I was always under the impression that EB Games was part of GAME and Gamestation, since EB was the shop that existed before GAME in my town. Doesn't EB still exist in America? I'm confused!

Oh well, off to CEX I go...

5-0:
I'll be left with is the extortionate prices of His Master's Voice.

I see what you did there...

image

LOVE that painting.

But yes, they are incredibly exspensive. I have no idea how HMV hasn't gone out of business already. Why do people still shop there?! Especially when you can find most of their products for half the price on Amazon.

GamesB2:

PunkRex:
I heard this the other day but it was about Mass Effect and EA. This is bad news for us here in the UK and most likely the colonies as from what I hear HMV won't be around for much longer either. So its basically Toy'R'us or one of the big chain super markets for new games. Gawd I hope Computer EXchange is holding out... if they go that will basically be it for my gaming experience...

CEX is an entirely second hand shop.

I can see them actually booming from GAME and Gamestations growth as you can't exactly trade games in online can you?

Still, it could be tricky.

The thing is Tesco's, ASDA, etc are now stocking pre-owned games and this could effect CEX badly if they offer better deals which I could really see happening. Still, the fact that CEX stocks EVERYTHING where as the chains would most likely only trade and stock big new games means that CEX is proberly safe... I really, REALLY hope this is the case.

EB Games is owned by GameStop in the US, Gamestation is part of the Game Group in the UK. In other words, as Game goes, so goes Gamestation.

5-0:
As long as Gamestation stays open, I'll still be OK...but God forbid them closing down too, then all I'll be left with is the extortionate prices of His Master's Voice.

Don't know weather this is good news or bad news then but from what ive heard from the interwebs, family members, lunatics on the street, etc, HMV may be closing as theyve took such a hit from digital downloading.

PunkRex:

GamesB2:

PunkRex:
I heard this the other day but it was about Mass Effect and EA. This is bad news for us here in the UK and most likely the colonies as from what I hear HMV won't be around for much longer either. So its basically Toy'R'us or one of the big chain super markets for new games. Gawd I hope Computer EXchange is holding out... if they go that will basically be it for my gaming experience...

CEX is an entirely second hand shop.

I can see them actually booming from GAME and Gamestations growth as you can't exactly trade games in online can you?

Still, it could be tricky.

The thing is Tesco's, ASDA, etc are now stocking pre-owned games and this could effect CEX badly if they offer better deals which I could really see happening. Still, the fact that CEX stocks EVERYTHING where as the chains would most likely only trade and stock big new games means that CEX is proberly safe... I really, REALLY hope this is the case.

Why don't you just buy games online?

I've been doing that for years, and they're cheaper then at brick and mortar stores.

PunkRex:

5-0:
As long as Gamestation stays open, I'll still be OK...but God forbid them closing down too, then all I'll be left with is the extortionate prices of His Master's Voice.

Don't know weather this is good news or bad news then but from what ive heard from the interwebs, family members, lunatics on the street, etc, HMV may be closing as theyve took such a hit from digital downloading.

I knew their time would be limited...

Daystar Clarion:

PunkRex:

GamesB2:

CEX is an entirely second hand shop.

I can see them actually booming from GAME and Gamestations growth as you can't exactly trade games in online can you?

Still, it could be tricky.

The thing is Tesco's, ASDA, etc are now stocking pre-owned games and this could effect CEX badly if they offer better deals which I could really see happening. Still, the fact that CEX stocks EVERYTHING where as the chains would most likely only trade and stock big new games means that CEX is proberly safe... I really, REALLY hope this is the case.

Why don't you just buy games online?

I've been doing that for years, and they're cheaper then at brick and mortar stores.

Buying games online is usually my first choice, but trading in pre-owned games for new ones is what I use stores like Game etc for. Also buying gave me the advantage of buying 18 rated games when I was underage. Haha.

Wlep looks like I am off to Granger games then.

5-0:

PunkRex:

5-0:
As long as Gamestation stays open, I'll still be OK...but God forbid them closing down too, then all I'll be left with is the extortionate prices of His Master's Voice.

Don't know weather this is good news or bad news then but from what ive heard from the interwebs, family members, lunatics on the street, etc, HMV may be closing as theyve took such a hit from digital downloading.

I knew their time would be limited...

Daystar Clarion:

PunkRex:

The thing is Tesco's, ASDA, etc are now stocking pre-owned games and this could effect CEX badly if they offer better deals which I could really see happening. Still, the fact that CEX stocks EVERYTHING where as the chains would most likely only trade and stock big new games means that CEX is proberly safe... I really, REALLY hope this is the case.

Why don't you just buy games online?

I've been doing that for years, and they're cheaper then at brick and mortar stores.

Buying games online is usually my first choice, but trading in pre-owned games for new ones is what I use stores like Game etc for. Also buying gave me the advantage of buying 18 rated games when I was underage. Haha.

Ah, well there you go.

I don't trade in games, so it's not really an issue for me.

Every day they lose more and more new titles... Theyre closing for sure now... The city centre here only has 2 GAMEs and a Gamestation... so unless somebody trades it in at CEX, ill have to buy from Tesco, and that limits me to the overpriced top 10 whatever, and whatever crappy Wii games they can be bothered to stock :/ Also, ill have no reason to ever visit the center... no more Greggs, museum, clothes shopping unless i make an effort to do so. not good.

i guess the lure of piracy shines a little brighter too :|

When i wanted to buy the metal Gear HD collection and had to go to an indie shop because neither of the big boys on the high street (Game and Gamestation) had it alarms bells started ringing.

And with that, off to Amazon i go.

If GAME is still around this time next year, i probably wouldnt care in the slightest.

5-0:
As long as Gamestation stays open, I'll still be OK...but God forbid them closing down too, then all I'll be left with is the extortionate prices of His Master's Voice.

Gamestation = GAME (owned by Game Group and having both the same problems...)

Proverbial Jon:
Nooo! I love Gamestation! GAME can go, but not Gamestation as well!

I was always under the impression that EB Games was part of GAME and Gamestation, since EB was the shop that existed before GAME in my town. Doesn't EB still exist in America? I'm confused!

Oh well, off to CEX I go...

5-0:
I'll be left with is the extortionate prices of His Master's Voice.

I see what you did there...

image

LOVE that painting.

But yes, they are incredibly exspensive. I have no idea how HMV hasn't gone out of business already. Why do people still shop there?! Especially when you can find most of their products for half the price on Amazon.

Okay Electronics Boutique bought GAME and then rebranded all EB's in the UK into GAME. Then there US owners were bought by Gamestop, the UK branch then seperated into a seperate company whuch then bought Gamestation.

So if Gamestop buys GAME there just rebuying what they once sold.

I don't really care. Thanks for the dirt cheap games Game (you'd almost think they are doing a closing down sale) but Amazon awaits for all my future gaming needs.

Capcom jumping ship has definitely knocked in the last nail in Game's coffin as far as i'm concerned. Who else is there left to bail out of Game's shelf space?

The odd thing is they're still selling Catherine. Y'know that obscure block pushing puzzle game that I really need to get around to finishing? Those 9(?) endings aren't going to complete themselves you know.

I will end you Spiral Corridor Stage 2... One day.

GOD THESE FUCKING BLOCKS! YOU CALL THIS EASY MODE?!

Daystar Clarion:

PunkRex:

GamesB2:

CEX is an entirely second hand shop.

I can see them actually booming from GAME and Gamestations growth as you can't exactly trade games in online can you?

Still, it could be tricky.

The thing is Tesco's, ASDA, etc are now stocking pre-owned games and this could effect CEX badly if they offer better deals which I could really see happening. Still, the fact that CEX stocks EVERYTHING where as the chains would most likely only trade and stock big new games means that CEX is proberly safe... I really, REALLY hope this is the case.

Why don't you just buy games online?

I've been doing that for years, and they're cheaper then at brick and mortar stores.

I do it more now but I liked it when I just went out with no particular objective and went... yeah that looks fun, TO THE PAY COUNTER!

Soon this will be the fate of every high street shop selling items that don't require customisation ( eg. clothes, shoes etc)
Bring on the creator direct to audience distribution, i'm sick of giving my money to non-creative middle men

RIP GAME (hey I'm one of the few people who like the store). Now I need to start finding a good game online store to shop now.

Look's like the wheels are in motion. GAME was the only place I could go, that would have a variety of new games on multiple platforms and since HMV own's GAME it wont be long before it goes under too. Leaving CEX to fill the gap for trade in's, though in the near future when Publishers and developers work around that strategy it wont last. So that leaves me with the supermarkets which are overpriced and provide a limited selection of games. I'm going to miss going through the shelves and buying a physical copy for myself.

Gaming retail for the UK is going to be incredibly bleak for the foreseeable future.

So, this is the beginning of the end for the video game high street shops, is it?

Well, if I can still buy games online, then I guess all isn't lost...yet.

TheKasp:

5-0:
As long as Gamestation stays open, I'll still be OK...but God forbid them closing down too, then all I'll be left with is the extortionate prices of His Master's Voice.

Gamestation = GAME (owned by Game Group and having both the same problems...)

Yes, I know they're owned by GAME too. That's why I hope they don't close. Always preferred them to GAME anyway.

Scarim Coral:
RIP GAME (hey I'm one of the few people who like the store). Now I need to start finding a good game online store to shop now.

If I may be so bold as to suggest this place.

The games are cheaper to begin with and their reward scheme rewards you the more titles you buy.

Their customer service is brilliant, and they always deliver on time (hell, I usually get them a day early).

I don't work for them, honest, I just think they deserve custom.

Really hope game doesn't close, I get a lot of my purchases from there. Though if it does it may mean that people are more likely to see through this "2nd hand sales cripples games" crap when the game publishers maintain their money-grabbing buisness model.

Kumagawa Misogi:

Proverbial Jon:
Nooo! I love Gamestation! GAME can go, but not Gamestation as well!

I was always under the impression that EB Games was part of GAME and Gamestation, since EB was the shop that existed before GAME in my town. Doesn't EB still exist in America? I'm confused!

Okay Electronics Boutique bought GAME and then rebranded all EB's in the UK into GAME. Then there US owners were bought by Gamestop, the UK branch then seperated into a seperate company whuch then bought Gamestation.

So if Gamestop buys GAME there just rebuying what they once sold.

Close but not quite. The British company that traded as EB licenced the name from the US chain but were not part of the same company.

When EB(UK) bought GAME they decided it made sense to rebrand the EB stores as GAME so they could stop paying EB(US) for the privilege of using the name.

As to the OT, man, I'm surprised it's happening this quick.

I've thought for a while that the future of GAME wasn't great and that within a decade they'd probably be gone (Amazon, Steam and the possibility that next gen consoles will start to move towards increasing digital distribution or cloud based gaming) but I at least thought they'd have a few more years.

At this rate, they may be gone by the end of 2012.

Not that I use them much, it's never been the same since EB and GAME merged, especially once they took over GameStation - they just simply weren't as competitive as they were and I think that's made many consumers, myself included, move away from the high street to the internet.

and-nothing-of-value-was-lost.jpg

Sorry to the employees, and I hope they find work soon with any company that comes in to fill this void, but the days of selling £49.99 PC games with unconditional no-return policy had to end.

I am mindful of all the parents they had duped out of their hard earned money, selling games like Jumper: Griffin's Story for full price several years after it was released to damning reviews. They exploited their trust and now no one wants to buy there any more.

Some may interpret this as hard times for video games industry in the UK but I think they need to wise up to how video games are not some specialist interests any more, they are mainstream like Movies and Music. And they deserve better than exploitative stores like Game.

Jesus, all this is giving me flashbacks to the time I worked at Zavvi when they went into administration.

The origin of the problem is quite different, but the developing circumstances are becoming increasingly similar.

It'll be a sad day for UK gamers is Gamestop - or anybody - doesn't step in and buy the chain.

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