It’s official, EA has given up their talks with Take-Two and, as a result, the stock of both companies is falling like a stone. While gamers may cheer knowing the Grand Theft Auto and 2K Sports product lines will continue to compete with EA products, share holders are doing a WTF?
Take-Two has had its share of financial difficulties, but nothing shakes up a stock more than a break in discussions when the words acquisition have been spoken. It causes uncertainty and lack of understanding on the part of the game industry and share holders. EA’s stock dropped 2.7% upon opening this morning but has begun to stablize as it’s clear EA isn’t in any financial peril from this breakup in discussion.
Take-Two’s stock, however, is in epic free fall with a 25% decline since the discussions ended. One theory is that, “is taking a huge beating as everyone and their mother tries desperately to sell the shares the figured EA was going to to buy.” (kotaku)
As the game industry gets more competitive, builds bigger bank-roll and becomes a staple entertainment icon there is always more business savvy people getting into the game trying to make a fast buck. In this case, the shareholders obviously aren’t pushing for Take-Two’s future decisions or product launches — this is the reaction of business folks trying to make money.
There is huge risk with block buster 100-million dollar titles and all the crazy hype involved with some of the biggest games in history. They break sales records, smoke box-office numbers and bring new gamers into the industry but it’s all at risk when money gets involved. One bad move and a company making a title like GTA can find themselves in financial peril.
With risk comes reward, but failure is always sneaking up around the corner so watch out!
Micheal Pachter Gives E3
Erm, it’s a … different … intro 🙂
I guess this is due to Mass Effect?
In the hospital?! Diabetes?! Man … Jonah, I think you’re now avoiding the doctor just so that you don’t get diagnosed with God knows what.
@Microsoft: Xbox Live Arcade will be phased out eventually
Erm, dunno. I don’t think that an established digital distribution channel will be removed on a whim. You don’t back out from a market unless it generates losses, and I doubt this is the case for XBLA.
Ok, change the name, don’t care. But I think Microsoft will keep providing the service.
@Leaked images “nothing to do with” Doom 4
Doom 2 was set on Earth however. Dunno. From my point of view, anything goes.
The engine is idTech 5, that powered the Rage game.
@SimCity 5 coming in 2013:
never played, never cared.
@GAME drops 5% in shares after Mass Effect 3 no-show
Tough times for retailers. A lot of publishers either use Steam, or have developed their own digital distribution channels. So now they can afford to place heavier conditions to the retailers.
Now if you also add bad management in the mix, well, that’s a recipe for bankruptcy.
@Rumor: PlayStation 4 ditches Cell processor tech
To be honest, as long as you manage to create a nice API for the game developer, it doesn’t really matter if it’s a cell processor or 2-4 80×86 compatible cores.
I still can’t forget what they said at one point, that the cell processor was intentionally made hard to work with, so that the PS3 has a longer life.
Who thinks like that?!
Thanks Paul for sending my PD, my lil 5 yo bro will love this game (i’m 21 btw)
jordan, watch out for that C6H12O6!!! they are evil! deliciously evil!
paul, bronkitis sucks, i have it too.
jonah, go get a check up ASAP!
i hope you know that i am very glad all 3 of you are fine =]
@xbla no more eventually
it is a money maker, they will not give that away, its a name change for sure.
@sim city 5 comming 2013
meh… never liked the sims series very much (all sims, not only THE sims). i like destruction games more.
@ps4 changes processor
as long as it works with quality, I mean, as long as sony doesn’t screw up more stuff ¬¬
get well guys (be careful jonah, u might be next)
mwa hahahahaha (evil laugh if u dont get it)
take care
Can you guys make it a bit shorter? Some guys like me don’t have internet at home so we download it thru a phone. I can’t download it when its over 50M. I hope you take it to your attention, Cheers!
My god, that was the best intro ever! I’m pretty busy right now with my pre-GCSE exams, so don’t expect any long comments for now. You should be honored that you’re one of the things I will still be doing between studying.
Oh and Paul, I never got to hear your thoughts on Skyward Sword. Have you finished it, and if so, what did you think?
Hey guys, first time listener. I enjoyed the show, but I cringed at the narration of the news headlines. I’m by no means a good public reader, so I know how hard it is to vocally string together a poorly written sentence. Slow it down a little and you should be just fine.
Keep up the good work, and thanks for the listen!