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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!

3 of 375 comments (clear)

  1. Oh really? by MrBlue+VT · · Score: 5, Interesting

    I like how the story is down even before any comments. Somehow I don't trust my news from www.consoletalk.com.

  2. It's more about losing intrest. by autopr0n · · Score: 4, Interesting

    I used to love comic books, video games, and TV. I still enjoy video games once in a while, but my desire for all three of those things has really gone down. I now find Comic books way overpriced for 3 or 4 minutes of plesure, and TV just knaws at my brain.

    People really do grow out of things, but it's not like throwing more blood into a video game is going to make me want to play it more. The only stuff that kind of thing apeals to are 12-15 year old boys.

    --
    autopr0n is like, down and stuff.
  3. Slashdot Liablity (slightly off topic) by Sancho · · Score: 4, Interesting

    As a "news site," how liable is Slashdot for posting this story should it turn out to be total fiction? There was apparently zero editorial checking, and since the story isn't there, you have to wonder if it ever was. Did some Slashdot editor just see a cool story and "OK" the submission? If that's the typical way things get done, it's awfully unethical.