Earthquake Costs Japanese VG Industry $88m In Lost Revenue

By Darryl Kaye on April 19, 2011, 11:41AM EDT

The earthquake which rocked Japan last month is estimated to have cost the Japanese video games industry around $88 million in lost revenue.

The figure was quoted by Hirokazu Hamamura, the CEO of Japanese publishing company Entertain - they own Famitsu. He said that about $34 million was lost in hardware sales, and $54 million lost in the sales of software.

Many titles were delayed, such as Yakuza: Of The End, while others were cancelled out right, such as the Disaster Report franchise. The Nintendo 3DS also launched during this time and Nintendo had to do much less promotion than they intended.

Source: Andriasang

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