Daetrin writes: Nintendo has announced a large loss for the first quarter of the year and lowered its annual profit forecast. In the three months prior to June 30th Nintendo lost 25.5 billion yen ($328 million) and the forecast is being reduced about 80%, from 110 billion yen ($1.4 billion) to 20 billion yen ($257 million.) Nintendo is blaming poor sales of the 3DS and is responding by announcing a price cut from $250 to $170 on August 12. In order to mollify early adopters of the system Nintendo also announced that anyone who has logged into the Nintendo eShop before the price cut will receive 10 free NES games and 10 free GBA games. The GBA games won't be available until later in the year, but Nintendo claims they will be exclusive to the "3DS Ambassadors" and will not be available for purchase on the store in the future.
Daetrin writes: It was announced thursday that Stardock has sold Impulse, the digital game store, to GameStop. And no, it wasn't an early April Fools' joke. Stardock founder Brad Wardell gave an interview to Joystiq talking about the sale and the reasons behind it. GameStop also announced their acquisition of SpawnLabs, a game streaming company. It seems that GameStop is looking to challenge Steam, or at least avoid being cut out of the digital distribution business entirely.
Daetrin writes: The video game music remix site, Overclocked Remix has just announced the "OverClocked ReMixanator," which allows you to choose from among the most commonly remixed songs and apply your own preferred settings to have it produce a custom remix that is perfect for you! Unfortunately this means that human contributions are no longer necessary, and from this point on song submissions are no longer being accepted and all album projects have been canceled.