Slashdot Mirror

← Back to Stories (view on slashdot.org)

Nintendo's Playstation Settlement Bombshell (or not...updated)

Posted by chrisd on from the sony-aplay-ationstay dept.

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. First post! by mr_tenor · · Score: 0, Offtopic

    Sorry....

  2. Re:Well, damn by ipX420 · · Score: 1, Offtopic

    Hehe I definately won't want a PS5 if it's a rebranded Alesis AirFX, like the grim reaper is showing those unsuspecting kiddies..

  3. Dear Slashdot, by redtail1 · · Score: 0, Offtopic
    Dear Slashdot owners,

    Please don't let kids play with the submit button. They have problems with spelling and tend to believe most rumors.

    Thank you.