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!
🙂 Now that is a nice surprise! Glad to hear the old crew again.
@NOLF:
NOLF was a pretty cool game. The developers also released modding tools and a part of the source code as an SDK, and that created quite a community around it.
The game was geared around comedy; too bad they don’t make any games like that.
Don, it’s LithTech, not LeechTech.
@ Sony could be facing “serious trouble“:
Sony IS in serious trouble. PS3 never selling too well, then getting its root key exposed, then PSN getting hacked, then Vita tanks, then they change the EULA to have users dismiss their rights to class action lawsuits … man! 2011 was not the year for Sony.
@Take Two CEO states “strong become stronger” with next-gen transitions:
What’s a bit weird (and worrisome) is that the company is in a good shape because of its franchises. Really? No new games, just rehashes of the same?
@Developer Starbreeze fears Syndicate may be “too hard“:
Well, the difficulty can ramp up, as long as it ramps up instead of being a vertical wall of a learning curve.
Ninja Gaiden was ok-ish. Contra was also ok-ish. Granted, at the time I was playing those, I had all the time in the world to try again after a failure.
Now, emulators can create saves, so …
@1% violent videogame tax:
Good luck with that. 90% of the games are violent.
@Ubisoft cuts off legit players With DRM server migration:
Something tells me that the backlash they will get for this will not change their mind about this particular DRM system.
The article has said it all: so far, DRM only hampered legit customers.
That was a really nice surprise! I had never listened to a podcast made by them, but I really enjoyed it. Seeing as this was only published on a Sunday, is there still going to be an episode on Thursday?
@Developer Starbreeze fears Syndicate may be “too hard“: I agree. The least they can do is TRY to make an easy mode, or maybe they could implement a quick-save feature which is the only thing that keeps me playing hard games.
@Ubisoft cuts off legit players With DRM server migration: I have no idea why they are still trying with DRM. Can’t they try to find some other system, it’s already evident that DRM drives customers away.
When I heard Don’s voice before the intro music I smiled. Then Jennifer did the intro. Hard to believe that it was almost a year ago when the handover happened and the Episode 200 quiz happened.
I don’t get too much time to post up a comment normally, but I wanted to say thanks to the old crew for gracing my ears once again. As one of the first podcasts I subscribed to, the “married couple and their pal” were part of my weekly routine. I hope they get a moment to see the comments from the old listeners who loved them.
Not to say that the new crew are bad (except Paul – Hate mail!), but I haven’t found things flowing quite so well as you clearly can’t record in the same room like Derrick and Jennifer.
So from someone who has listened to all 250 episodes, thanks.
hahaa. I was right I guessed it right thanks jonah for bringing them back for this episode but I sure do hope they could stay permanently I’m not saying that the new guys suck ,just sayin I miss the old days. Do I get an award for guessing the special happening right? Jk
@sony could be facing big trouble
there’s no doubt that sony is indeed facing a big problem coz the ps3 the vita the issues and almost everything they have done last year was a failure….uhhmm maybe they should consider quitting and make tv’s instead
@ ubisoft drm server migration
This is the main reason I bought a cracked copy of assasins creed revelations.hahaaa advantages
Wish the old guys could really come back and join the new guys
It was great to hear Derrick, Jen, and Don’s voices again. This was a really, really pleasant surprise.
Hope all of you and your families are doing well.
computer specs anyone?,coz I’m still really curious about it
Thanks folks, it took a lot of effort and scheduling to find a date that all three of us could pull off-crazy lives lately.
Too bad it’s so tough to build a career/job out of podcasting otherwise doing these things all day (Leo Laporte style) would be nothing but a gift. Unfortunately, real life and other opportunities struggle to take up time.
I’m overjoyed that many of the original listeners keep going far after the core group of the show has moved on. Jennifer and I created the podcast roughly five years ago and to know there is still a team pushing on with it is pretty crazy.
Perhaps that’s what happens when people do it with a passion over a profit. Granted, profit is always nice too 😉