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!
Square Enix, like many developers today, look to combine their efforts with like-minded individuals making video games for our industry. Recently they put out a bid to pickup Tecmo and expand their development archive to new heights by jumping into a few more genre’s without starting at the ground floor.
@Rushed next-gen consoles
You’re absolutely right that the media streaming functionality is painfully missing from the new consoles. I can only speak about the PS4, which is the one I got, but the fact that I can’t stream stuff from my PC to the PS4 is horrible. #FirstWorldProblems However, the backlog of PS3 games is deep enough that I don’t feel the need to box the console up anytime soon.
No CD playback was also something I couldn’t get my head around. It can’t be that expensive to implement… Is it a hardware or a firmware issue? Anyway, I rarely used my PS3 to play CDs – my stereo has a CD player so I use it instead.
Poland has never had much extra multimedia support. There’s no Hulu, no Netflix, no Amazon Prime… Even the YT app has been added just recently to PS3 in Europe (still missing on PS4). That’s why it’s not as bad here. I’m happy that the NHL Gamecenter App was available almost day 1 and I can watch the games on the PS4, even though it seems to be more glitchy than the PS3 version.
@Vita multiplayer
I played some LBP on the Vita and had some connectivity problems but not to the extent Jordan talked about. I played a lot of Killzone Mercenary, though, (Platinum, yo!) and it worked very well. Not laggy at all, usually full or almost full games. I played 100+ matches needed for the trophy and I got disconnected only a few times.
@Sony Santa Monica
I believe I heard in another podcast, but was to lazy to verify it myself, the studio is still hiring new people. One opinion I heard is that they’re not only trying to cut back on costs but also mix things up a little bit after the recent failures, i.e. GoW: Ascension. That’s why they laid off some people but will bring some new faces, although in limited numbers.
@QOTW
The arcades were not very popular in Poland in the 80’s and 90’s. I remember a wagon, similar to a cricus wagon, with some arcade games inside that we used to go to with my friends back in the day. I don’t remember many games, though but one of them was Cadillacs and Dinosaurs. There were also some Metal Slug machines. All the PacMans, Tempests and Defenders were slightly before my time, I guess, or this era of arcade games simply skipped the communist Poland in the 80’s. However, I remember playing tons of Terminator 2 pinball but that’s a different QOTW.
@Rushed next gen consoles: The more I hear about the lack of features and functionality of both the Xbox one and PS4. The more I am glad I choose to stick to PC gaming.
I think the aspect also that you talked about with people in charge not knowing or not liking their product is very telling of the state that these consoles have come to. They are out of touch with their customer base.
@Thief: This game is looking great from the LP video’s I have seen of it so far. I find it amazing anyone was under the impression Garret was some sort of assassin or warrior. That was an aspect I didn’t mind in the original series, you shouldn’t be fighting so getting caught and subsequently killed is the punishment.
Maybe those that think like that are those who are stuck in only playing action FPS games.
@Half-life: This is a series I haven’t been able to get into yet. but I could never figure out which was first Half Life 1 or Half Life 1 episode 1?
Freeman’s mind is awesome to watch as well. A fun way to do a LP I think.
QOTW: I love this question I used to spend many hours in various arcade games. I tried to avoid coin gobblers like Gauntlet, I would play those that had a end goal. Like Willow, Simpsons, TMNT, Xmen vs Avengers, Indiana Jones and Temple of Doom, and Dungeons and Dragons. I loved playing pinball machine games as well, and the air hockey games. Arcades just aren’t doing as well as they used to do though. We had one in my local mall called the Nexus that even had lan PC games but it shut down unfortunately.