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video games

Economy Entertainment Financial Securities 

Wall Street Drop Fueled by Revived GameStop Frenzy, Bond Yield Concerns

February 25, 2021February 25, 2021 NICK RUMMELL
internet, Stocks, U.S. Economy, video games

Another run on shares of the brick-and-mortar retailer, as well as rising yields among Treasury bonds, spooked investors Thursday, causing a fire sale as markets dropped precipitously.

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Business Consumers Financial Securities 

Major Players in GameStop Saga Testify Before Congress

February 18, 2021February 19, 2021 SAMANTHA HAWKINS
hearings, investors, Stocks, U.S. House of Representatives, video games

Members of Congress probed for market manipulation during January’s GameStop frenzy in a contentious committee hearing Thursday.

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Consumers Entertainment International Media Politics Technology 

‘We Just Want to Play’: Iran Gamers Battle Reality of US Sanctions

February 17, 2021February 17, 2021 AGENCE FRANCE-PRESSE
Iran, retail, Sanctions, smuggling, video games

Iran’s millions-strong legion of gamers revel in online worlds, but they have to fight daily real-life obstacles imposed by U.S. sanctions in their quest to level up and keep playing.

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Business Entertainment International Technology 

Epic Games Files EU Antitrust Complaint Against Apple

February 17, 2021February 17, 2021 ASSOCIATED PRESS
antitrust, Apple, apps, EU, regulation, video games

Epic Games said Wednesday it filed an antitrust complaint against Apple with European Union regulators, opening a new front in its war with the tech giant over app store payments.

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Entertainment Media Technology 

Loot Boxes

February 10, 2021February 11, 2021 BRIEF
California, Class Action, gambling, Google, video games

A federal court in California dismissed, with leave to amend, a putative class action alleging that video game “loot boxes” are illegal “slot machines or devices” under California’s gambling laws, and Google violates consumer protection laws by including video games with loot boxes in its Google Play store.

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Business Consumers Entertainment Government Technology 

Enforcement & Litigation Are Next Stop After Furious GameStop Trading Leads to Platform Shutdowns

January 28, 2021January 28, 2021 NICK RUMMELL
apps, Class Action, investors, regulation, SEC, Stocks, video games

The feeding frenzy over GameStop stock, which fueled a market meltdown on Wednesday, has securities regulators investigating and lawmakers from both parties calling for action.

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Business Financial International Securities 

Australian Stock Surges After Being Mistaken for GameStop

January 28, 2021January 28, 2021 AGENCE FRANCE-PRESSE
investors, Stocks, video games

A little-known Australian mining company saw its share price soar as much as 50% on Thursday, after investors appeared to mistake it for the similarly named cult U.S. stock GameStop.

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Business Entertainment Financial Securities Technology 

Stock-Trading Sites Restrict Activity in Gamestop, Other Firms

January 28, 2021January 28, 2021 ASSOCIATED PRESS
apps, Stocks, video games

Robinhood and other online trading platforms are moving to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors.

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Business Entertainment Securities Technology 

In GameStop Saga Unfolding on Wall Street, 2 Goliaths Fall

January 27, 2021January 27, 2021 ASSOCIATED PRESS
investors, Social Media, Stocks, video games

A pair of professional investment firms that placed big bets that money-losing video game retailer GameStop’s stock will crash have largely abandoned their positions.

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Business Consumers Entertainment International 

‘Steam’ Fined for Geo-Blocking Video Games in Europe

January 20, 2021January 20, 2021 AGENCE FRANCE-PRESSE
EU, fines, retail, video games

The EU fined the operator of Steam, the world’s largest video game distribution platform, and five publishers 7.8 million euros ($9.45 million) for blocking gamers from shopping around Europe for cheaper subscriptions.

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Business Entertainment Technology 

Gaming Apps

January 5, 2021January 6, 2021 BRIEF
gaming, patent, San Francisco, video games

A federal court in California dismissed NantWorks’ suit alleging Niantic’s augmented-reality gaming apps “Pokémon Go” and “Harry Potter: Wizards Unite” infringed on its patents.

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Business Criminal Entertainment International 

Shanghai Police Say Suspect Detained in Games Tycoon’s Death

December 28, 2020December 29, 2020 ASSOCIATED PRESS
China, poison, video games

Police in Shanghai say they have detained a suspect in the death by possible poisoning of the billionaire founder of a Chinese video game company that makes films based on the popular science fiction novel “The Three-Body Problem.”

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Entertainment Securities 

‘Cyberpunk 2077’

December 24, 2020December 28, 2020 BRIEF
Shareholder Class Action, video games

Shareholders of Poland-based CD Projekt, creators of the video game Cyberpunk 2077, sued the company over the disastrous, unplayable — and ultimately recalled — release, which they say fell far short of the company’s nearly yearlong hype.

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Entertainment Science Technology 

Study Suggests Video Games Can Help Mental Health

November 16, 2020November 16, 2020 ASSOCIATED PRESS
mental health, Research, video games

Time spent playing video games can be good for mental health, according to a new study by researchers at Oxford University.

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Business Entertainment Technology 

Judge Tosses Apple Counterclaims Against Fortnite Maker

November 10, 2020November 12, 2020 JEFF SHUTTLEWORTH
Apple, apps, breach of contract, video games

A federal judge late Tuesday dismissed two counterclaims by Apple against Fortnite maker Epic Games, in the popular online game maker’s antitrust lawsuit challenging Apple’s practice of taking a 30% cut on all in-app purchases.

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Entertainment Media 

Not Your Strega

November 5, 2020November 6, 2020 BRIEF
automotive, Copyright, video games

An airplane racer accuses video game makers Ubisoft and Ivory Tower of letting users fly the plaintiff’s one-of-a-kind P-51 Mustang in their game “The Crew,” and even gave the plane the same name as the plaintiff’s — “Strega.”

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Business Technology 

Judge Refuses to Reinstate Fortnite Game on Apple Devices

October 9, 2020October 12, 2020 NICHOLAS IOVINO
Apple, epic, video games

Calling its decision to breach an allegedly anticompetitive contract with Apple a “self-inflicted wound,” a federal judge on Friday refused to reinstate Epic Games’ popular Fortnite game on the app store for millions of Apple device users.

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Entertainment Environment Media Technology 

German Study Highlights Carbon Footprint of Video Streaming

September 10, 2020September 10, 2020 ASSOCIATED PRESS
Climate change, Germany, Greenhouse gas, video games

Streaming high-definition videos and games can result in significant greenhouse gas emissions, depending on the technology used, according to a German government-backed study released Thursday.

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Business Consumers 

Fortnite Maker Can’t Dodge Class Action Over Claims It Lures Kids Into Making In-Game Purchases

September 3, 2020September 3, 2020 MARIA DINZEO
California, Class Action, video games

A federal judge resuscitated a class action alleging Fortnite developer Epic Games lures kids into making impulsive in-app buys that they later regret but cannot retract.

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Law 

Judge Says Epic Games Can’t Force Apple to Reinstate ‘Fortnite’ to App Store

August 24, 2020August 25, 2020 NICHOLAS IOVINO
Apple, video games

Epic Games cannot force Apple to reinstate its popular Fortnite game on the Apple app store because it chose to breach a contract instead of maintaining the status quo while its antitrust suit against the tech giant moves forward, a federal judge said Monday.

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