This week comments on the crapshow that is going on with most of the third party publishers. That, and some updates to games that people really care about.
The news includes:
Let us know what you think.
This week we’ve got the Microsoft Xbox 360 Kinect and we thought we’d do a quick review on a couple of the titles we picked up. We’ve dug up some history on the Game Com Handheld, comment on some community feedback and hit the news:
This week’s question of the week, have you ever caved into the peer pressure, press and “sold out” signs to pickup a piece of hardware, software or other device?
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!
This week was a hot time for Jonah — really hot time as Los Angeles was sweltering and the Arctic was literally on fire. However, that didn’t stop the crew from doing the podcast (albeit a day late), though the news was a bit thin again.
The news items for the week include:
The Question of the Week: “What little known game did you love?”
