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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!

32 of 375 comments (clear)

  1. Not copyright by 0x0d0a · · Score: 5, Informative

    joint owned copyright

    I think it should be "trademark"...

    1. Re:Not copyright by Drakonian · · Score: 5, Funny

      "Copywrite" was even more wrong!

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      Random is the New Order.
  2. Well, damn by wcbarksdale · · Score: 5, Funny

    Maybe we won't see the PlayStation 5 after all.

    1. Re:Well, damn by packeteer · · Score: 5, Insightful

      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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    2. Re:Well, damn by Nexx · · Score: 5, Informative

      I've been wondering if Sony changed the name from Playstation to PSX

      No, the PSX moniker came about because the popular Japanese abbreviation for the PSX (puresute) sort of implied "play and throw away"(1). It had *nothing* to do with Nintendo and everything to do with Sony's brand image. Subsequently, they pushed "PSX" in the US as well, because ultimately Sony K.K. in Japan outranks Sony of America, Inc.

      (1) The moniker PSX didn't stick in Japan. Not all marketdroid schemes work. *grin*

  3. 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.

    1. Re:Oh really? by dagg · · Score: 5, Funny
      The funny part is that the site is absolutely fine. There just is no such story. Here are some more fake stories:
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      Sex - Find It
    2. Re:Oh really? by archen · · Score: 5, Funny

      The good news is that we'll probably get less dupes the more they start making stuff up.

  4. Sorry but by jchawk · · Score: 5, Insightful

    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.

    1. Re:Sorry but by btellier · · Score: 5, Informative

      Particularly since Penny Arcade just did a comic on it.

  5. Sure by sprayNwipe · · Score: 5, Insightful

    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.

  6. Re:I bet this is a faek story. by Twirlip+of+the+Mists · · Score: 5, Funny

    from news.google.com: Your search - sony playstation nintendo trademark - did not match any documents.

    That's bullshit. It does too match a story, "Nintendo's Playstation Settlement Bombshell," posted 5 minutes ago on Sl... dammit.

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    I write in my journal
  7. WTF? by Frozen-Solid · · Score: 5, Informative

    I am in total disbalief that an upstanding bullshit free site such as slashdot as posted this article. For one, Nintendo has never had ANY stake in the playstation name. Nintendo and Sony's partnership on the then dubbed "SNES CD" ended without the project going anywhere. Because of Sega CDs flop, Nintendo pulled out extremely early in the process and left Sony to develope it alone. AFTER Nintendo left the partnership is when Sony took up the PlayStation name. Check out Copyright.gov if you dont believe me. 3. Registration Number: VA-759-813 Title: PlayStation. Description: Computer graphic. Claimant: acSony Computer Entertainment, Inc. Created: 1994 Published: 10May94 Registered: 2Apr96 Title on © Application: PS device. Special Codes: 5/S The official copyright database says NOTHING ABOUT NINTENDO. There is no way in hell that Nintendo could POSSIBLY win this suit, and there's no way in hell they are dumb enough to pursue it. I have lost much faith in my beloved slashdot for posting such total unofficial rumored bullshit.

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    Frozen Insanity
    http://frozen-solid.net
  8. This simply cannot be true by Anonymous Coward · · Score: 5, Informative

    Here's why:

    I would expect Sony's stock price to have plummeted and investors would be made aware (no evidence on Yahoo Biz).

    I would expect that Sony's website would mention this issue (here's the press release site for the Playstation http://us.playstation.com/news/PressReleases/ and Sony's official press release site) Note the lack of this story.

    Google turns up no results either.

    Don't post stories like this without checking them.

  9. Funny thing is.. by Inoshiro · · Score: 5, Insightful

    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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  10. Re:I bet this is a faek story. by micheas · · Score: 5, Informative

    Probably, since a google news search of sony playstation nintendo turned up this article from Dec. 4 calling it a rumor for the gullible. http://www.gamesindustry.biz/content_page.php?sect ion_name=pub&aid=998

  11. Somebody just got duped by a fanboy by nukem1999 · · Score: 5, Insightful

    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

  12. 45 y.o. italian plumber named mario sues Nintendo by paughsw · · Score: 5, Funny

    In other news, a 45 year old italian plumber named mario, sues nintendo, for defamation of character, and slander.

  13. Mario: "It is a complete... by Anonymous Coward · · Score: 5, Funny

    ...stereotyping of me and my profession. Plumbers rarely venture into pipes to fight mushrooms and turtles, especially fire-breathing ones at that. People now ask me all the time what it was like to drop the drawbridge from under the 20-foot tall hammer-throwing snapper turtle. I can't stress it enough that we of the plumber's profession take out jobs, and out butt-cracks seriously. They both need to be properly polished and shown to all the right people."

  14. How the shit did this get here? by rosewood · · Score: 5, Informative

    http://www.gamesindustry.biz/content_page.php?sect ion_name=pub&aid=998

    uh? This is an old rumor. Fuck, its damn near ready for snopes. chrisd: Dont just post cause it looks cool, check it out first.

  15. Re:ummm.. by Twirlip+of+the+Mists · · Score: 5, Funny

    Note to self: evidently "Informative" can also mean "moderately convincing lie."

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    I write in my journal
  16. US Patent and Trademark Office by minesweeper · · Score: 5, Informative
    After doing a search on PlayStation, here are some of the results:

    • PlayStation
      • (REGISTRANT) KABUSHIKI KAISHA SONY COMPUTER ENTERTAINMENT CORPORATION JAPAN 1-22 AKASAKA 8-CHOME, MINATO-KU TOKYO 107 JAPAN

    • PlayStation
      • (REGISTRANT) Kabushiki Kaisha Sony Computer Entertainment CORPORATION JAPAN l-l Akasaka 7-chome Minato-ku, Tokyo JAPAN
  17. 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.

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    autopr0n is like, down and stuff.
  18. I don't believe it by mao+che+minh · · Score: 5, Insightful

    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.

  19. True, but not what the original poster said. by Inoshiro · · Score: 4, Insightful

    The original poster was trying to imply that any game with bright, primary colours, or any game with Mario, had to be a kids game. That such games were only of enjoyment to kids. Ludicrous!

    I still enjoy video games a lot. Granted, I don't have nearly as much patience for jumping puzzles as I used to (which could also be linked to the greater numbers of games I own ;)), but I still enjoy Mario Party 4, Super Monkey Ball, Smash Bros, etc. Games marked as "kiddy" by some. I play the crap out of them until my controllers don't work anymore. Is there something wrong with me? Not at all. I also enjoyed Monsters, Inc -- another "cute" movie which happenened to have depth, and a great execution.

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  20. Hmph by Iscariot_ · · Score: 5, Funny

    I guess the next system from Sony won't be a "box", "cube", or "station". How about "Sony Girlfriend Eliminator"?

  21. Another Dupe by Skraut · · Score: 5, Funny
    What is it with Slashdot today.

    First we get stories that are duped.

    Now we are getting duped by stories.

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    Introducing Microsoft Vacuum 1.0 The first Microsoft product that doesn't suck.
  22. 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.

    1. Re:Slashdot Liablity (slightly off topic) by iapetus · · Score: 4, Informative

      The story did exist at the time the article was posted. I know, since I've had to prune out countless topics about it on a well-known gaming forum (incidentally, if Slashdot is covering ludicrous gaming rumours these days, I'm sure we can supply them with a few more interesting ones...) Consoletalk have since taken it down, presumably partly in response to the widespread coverage Slashdot is getting it. :)

      --
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  23. *sigh* by autopr0n · · Score: 4, Informative

    Don't you think the trademark of relevence would have been filed in japan, not the US?

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    autopr0n is like, down and stuff.
  24. Oh really? by ph4s3 · · Score: 4, Funny

    ADMINS - NIX THIS AS A HOAX IMMEDIATELY IF YOU CAN'T VERIFY THE STORY.

    Google News and now The Inquirer (http://www.theinquirer.net/?article=6816) have now sourced the article on /.

    It's spreading.

  25. Re:Gullible by iapetus · · Score: 4, Funny

    That used to be the definition, but recently they pulled the word from the dictionary entirely. Perhaps Slashdot ought to do a story on that...

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