SEC Probe Investigates Activision, Acclaim

Posted by simoniker on Friday July 18, 2003 @08:36AM from the scary-men-take-away-earnings-and-liberty? dept.

Thanks to Yahoo! for passing on a brief press release from Activision and a similar release from Acclaim indicating they are "..part of a formal probe by the U.S. Securities and Exchange Commission into video game industry accounting practices." According to a separate Forbes article, Acclaim "..said the formal, non-public inquiry is entitled 'In the Matter of Certain Video Game Manufacturers'", meaning that other games publishers may also be under investigation - we'll update if any other publishers make similar announcements. Update: 07/18 23:59 GMT by S : According to this Reuters article, THQ is also involved in the inquiry, and analysts suggest an "..industrywide investigation would represent an unusually wide scope for a regulatory probe."

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Re:Price fixing maybe? by sweeney37 · 2003-07-18 08:52 · Score: 2, Funny

Could this include the fact that all video games seem to come out for exactly the same price?
(Please don't flame, I don't know if this is SEC jurisdiction. That's why I'm asking).

Actually price fixing would fall under the FTC jurisdiction. SEC wants to see your books and make sure you're not pulling a WorldCom or Enron.

I guess Activision's plan to sue Viacom would look more like this:

1: Sue Viacom
2: ??????
3: (Hide) Profit!!!

Mike