220w ago - Today a rumor has been making its rounds on the Internet that Electronic Arts, among several other companies, may be considering a takeover of THQ.
According to a THQ stockholder on Minyanville.com (linked above), he looks favorably on the potential acquisition.
To quote: "I usually ignore takeover rumors because 99.9% of the time, they're 100% false. However, I'm giving some credence to today's gossip - that video-game software publisher THQ (THQI) is being looked at as a target for media companies, including Electronic Arts (ERTS), Time Warner (TWX), and News Corp. (NWS). The stock is up sharply on heavy volume, and options-traders are busy scooping up calls.
As a THQ shareholder, I'm obviously biased in favor of a deal. But just take an objective look at the video-game industry landscape, and you'll see that the rumor-mongers just might be on the money, with EA playing the part of buyer."
230w ago - During a conference call, Take-Two confirmed part of the recent predictions from an industry analyst... specifically stating that Grand Theft Auto V isn't planned for 2010, but for the following financial year instead.
To quote: Rumors have popped up lately, indicating a new GTA would hit sometime in 2010. Take-Two was very tight lipped on the matter, despite being pressed hard about it during the Q&A session following the conference call.
"We've announced the titles that are part of the line up and thats what we've announced today." said Take-Two Interactive's Chairmen Strauss Zelnick.
"I think the key take away is that we fully anticipate we'll be able to achieve our goals of operating the company profitably in , a year that won't have a multiplatform release of a new GTA."
234w ago - Take Two's court documents have been aired in public, giving a better view of what is happening behind the scenes at Duke Nukem Forever HQ.
Right now, Take Two wants 3D realms to cooperate so it can complete the Xbox 360 version, recover the $12 million invested and block any leaks of the code and artwork.
To quote: The court document claims: "Upon information and belief, Apogee has title to a substantial amount of funds deposited in an off-shore account, which Take-Two believes Apogee can use to fund its outstanding obligations."
Now Take-Two essentially wants to compel Apogee / 3D Realms to cooperate with the publisher so that it can complete the Xbox 360 version, as well as recovering the alleged $12m it has invested (looks like that's the original $2.9m invested, plus interest) and to block former members of the Duke Nukem Forever from leaking any more of the game's existing code and artwork.
We expect some fairly dramatic scenes when this case makes it to court. There's even the possibility that Duke Nukem Forever could still see the light of day, but we're...
235w ago - President of Take-Two Interactive (Rockstar's parent company) Ben Feder has explained why Agent (announced at Sony's E3 2009 press conference) is a PlayStation 3 exclusive title.
According to RockStar, at this phase when you are trying to launch a new franchise, exclusivity can help you launch it. Through going exclusive, you also get more first party support.
To quote: "At this phase in the cycle, when you're trying to launch a new franchise, exclusivity can really help you launch the franchise.
It can give you the kind of platform that you need to start exclusive, start in the right kind of way with the right kind of partner. Exclusivity does work", Feder went on.
Agent is being overseen by the Housers, founding fathers of Rockstar. Development is being handled by Rockstar North, the studio behind GTA IV.
Going on to big up the PS3 Feder, apparently unphased by the console's lagging sales, said, "I have a lot of confidence in Sony. I have a lot of confidence in their ability to lead the market, as they always have.
Their console is a terrific platform to be developing for, and Agent is a great testament as to our belief in what that platform...