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Michael Comeau is a writer based in Brooklyn, NY. Michael spent 2004 through 2008 at TheStreet.com, starting out as a member of the research team. Before long, he became a featured columnist across the company's network of sites, and managed an investment newsletter service. Prior to... More
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  • Video Game Industry News - Weekend Edition 0 comments
    Jul 26, 2009 11:08 AM | about stocks: ATVI, TTWO, NTDOY.PK, UBSFY.PK, MSFT
    As always, the video-game industry's active with news coming across the wires 24/7. Here are this weekend's 5 most interesting stories:

    1) Is a Grand Theft Auto movie on the way? Take-Two Interactive's (TTWO) RockStar Games studio says no.

    2) Elsewhere in the video game/movie crossover world, Lionsgate Entertainment (LGF) believes a Nintendo (NTDOY.PK) movie store will emerge soon. I'm not buying this rumor - the Wii's low-tech audience probably isn't looking to watch movies through their console, especially since there's no hard drive!

    3) Nintendo's Wii Sports Resort is garnering some very positive reviews, including this one. This should make it pretty easy for Nintendo to keep dominating Wii software sales to the detriment of third parties.

    4) Heavyweight software-development house Bungie announced that Halo: Reach will be its last contribution to the Halo series. I'm sure Microsoft (MSFT) will carry on the Halo franchise until the end of time, but Bungie's next original IP should be a monster.

    5) Is $149.99 too much for a piece of video-game software in a recession? Not if you're looking at the Amazon.com (AMZN) and GameStop (GME) sales charts, where Activision's (ATVI) Call of Duty: Modern Warfare 2 Prestige Edition just hit #1. I guess night-vision goggles go a long way these days...

    Disclosure: Positions in TTWO, ATVI

    Themes: software, video games, hardware, tech, consumer technology, gadgets Stocks: ATVI, TTWO, NTDOY.PK, UBSFY.PK, MSFT
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