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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!

6 of 375 comments (clear)

  1. Err.. by Beryllium+Sphere(tm) · · Score: 1, Redundant

    That would be a trademark, not a copyright.

  2. BS meter off the charts. by nobodyman · · Score: 1, Redundant

    What's next, news items ripped from The Onion?

    Supposing this story is true, why the hell is *consoletalk* the only rag picking it up?

    1. Re:BS meter off the charts. by telstar · · Score: 1, Redundant

      Why not? They've got the Playstation 5 on the way.

  3. Not slashdotted by fluxrad · · Score: 1, Redundant

    The highest "story id" consoletalk has in their news section is 145.

    Gee, wonder why 146 doesn't work. Could it be because this story is bullshit?

    Click the fucking links before you post the stories chris.

    --
    "It is seldom that liberty of any kind is lost all at once." -David Hume
  4. What? That can't be? by autopr0n · · Score: 2, Redundant

    What about the playstation 5!!!

    (it has a trinary processor :P)

    --
    autopr0n is like, down and stuff.
  5. WTF by tymellon · · Score: 0, Redundant

    Could we at least double check info before posting it.