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Nintendo's Playstation Settlement Bombshell (or not...updated)
Magamo writes "Console Talk has the story on a settlement between Sony and Nintendo over the rights to the "PlayStation" name, which was originally a joint owned copywrite, given to a CD and Cartridge based system to play SNES games. The settlement is for 10% of Sony's proceeds, past and present on the "PlayStation" name, currently amounting to approximately $2.3 billion. Nintendo is allowing Sony to pay it off in installments over the next 20 years. Nintendo currently plans on using the money to create a new game studio comprised of members of some of the biggest in the japanese industry, in order to create titles exclusively for the GameCube. Hmm, my guess is that Sony's next console will be shying away from the PlayStation moniker..." CD: It seems that I might have fallen for a hoax. Doh!
I'm sorry but this is bullshit, something like this would be major news especially considering that Sony is a publicly traded company and would have been obligated to inform it's investors that it was being sued.
Sorry guys, no news here move along, it's bullshit.
Yep, this is definitely true. A major story like Nintendo getting 10% of past sales from the PlayStation brand would definitely be only reported on an unreputable site like ConsoleTalk, and not on, say, Yahoo News, CNN, or Reuters.
And as for no news from Nintendo and Sony about this? That's just because they're slow in getting the press release out. Right.
This isn't true. How about doing some small amount of research next time before publishing the article.
This is related to the "Megaton" announcement from Nintendo coming soon. Some sites say it's Capcom being bought by Nintendo, some sites say it's Sony paying Nintendo money for the PS brand, some sites have equally ridiculous stories. All sites are rumours and aren't true (so far), as no announcement has been made.
Even though I'm an adult, I still find the same things fun.
It's not like I suddenly stopped finding Metroid fun. Metroid will always be fun. To actually say something that implies you stop enjoying certain things once you get past a set age, well.... I call bullshit.
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Internet Explorer (n): Another bug -- that is, a feature that can't be turned off -- in Windows.
This is all pure speculation related to an upcoming "megaton" announcement Nintendo is supposed to make in the near future. The speculation ranges from this story to Nintendo buying Campcom and Sega. It's all been a contest to see who can get their page linked the most with the most outrageous story, and it looks like this site won.
As for the actual announcement, please don't post any more news on it until you see it on nintendo.com
Sure you will... this is the most obvious hoax i have ever seen posted to slashdot. Consolenews is FULL of spoof articles. Dont you think we would be reading this from the wall street journal if it was a $2.3 billion settlement? Don't you think Sony would fight this untill the end of time? it would be so tied up in the legal process we would never see the end...
Its a funny reas as are most of the spoof articles but i thought people KNEW it was a hoax at first.
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No company whom's livelyhood is in an industry as volatile and sudden as gaming would agree to a "20 year" payment plan. That is absurd. I could see a massive corporation like Canon agreeing to maybe a 10 year suit of this magnitude with a much smaller company like Hewlitt-Packard/Compaq (in case you didn't know, Canon has patents on almost all laser printer and camera technologies, and builds almost all of HP's printers and the components that go in cameras - such a suit could be concievable if HP slipped up). This is because Canon knows that it will be around for at least another 20 years, and HP at least 15. But 20 billion from Sony over 20 years? Not likely. Nintendo would rather have 3 billion right now. The market in which Nintendo thrives would demand it.