WASHINGTON—Expressing concern about distraction-affected vehicle crashes, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday it is discussing with Tesla Inc the electric carmaker’s software update that lets users play video games on a touch screen mounted in front of the dashboard. Tesla added the games in an over-the-air software update sent to…
Video Games Might Be Increasing Unemployment: Study
Ziggy “VjpPro” Nguyen did not stay unemployed because he could not get a job but because he had something more enjoyable to do. Almost every day from August 2019 to January 2020, he woke up at 7 a.m., played video games, ate pizza, played video games, ate pizza, played video games, and slept at 12 a.m….
Unity to Buy ‘The Lord of the Rings’ VFX Studio Weta Digital in $1.63 Billion Deal
November 10, 2021
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Business & EconomyCompaniesMarketsMedia & Big TechmetaverseTechTech NewsThe Lord of the Ringsvideo games
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Unity Software Inc. will buy Weta Digital, a visual effects (VFX) studio known for its work in movies such as “Godzilla vs. Kong” and “Avatar” in a $1.63 billion cash-and-stock deal, the companies said on Tuesday. The deal would help Unity, which makes software for video games and animation, tap into Weta Digital’s technology and…
5 Entertainment Stocks to Watch Ahead of This Week’s Earnings: Video Games and Casinos
November 1, 2021
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Business & EconomyBusiness ColumnistsCasinosCompanieseconomyEntertainmentMarketsstocksUSUS Newsvideo games
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Earnings season is in full swing and this week features many well-known companies reporting quarterly financial reports. Every week, Benzinga takes a look at some specific sectors that have a large number of companies that report earnings. This week’s sector is entertainment stocks with three video game companies and two casinos all sharing details of…
Xi’s Crackdown on ‘Everything’ Is Destroying China’s Economy
Commentary Beijing has rolled out new regulations that could destroy various industries in China, including entertainment, tech, private education, and gaming. Xi Jinping is cracking down on celebrities, as well as Western influence in Chinese culture. He wants to reform capital markets so they will not be places where the rich can get rich quickly….
Tiger Woods Returns to Video Games, This Time With 2K Series
Tiger Woods is back in the game—digitally, at least. Woods has signed a long-term partnership with the company behind the “PGA Tour 2K” video game series, returning the 15-time major champion to an industry he once dominated with EA Sports. The deal was announced Tuesday, nearly a month after Woods suffered career-threatening leg injuries when…
Chicago Lawmaker Proposes Ban on Violent Video Games to Reduce Crime
A state representative from Chicago has proposed a bill that would ban the sale of violent video games across Illinois, citing rising cases of carjackings in his home city. House Bill 3531, introduced last Friday by Rep. Marcus Evans Jr., a Democrat, would amend a 2012 law that prevents violent video games from being sold…
How the Pandemic Helped a Video Game Giant Grow Its Bottom Line
February 9, 2021
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Activision BlizzardearningsLos Angeles CountyNY-CalOpinionOrange CountypandemicSouthern CaliforniaUSvideo gamesViewpoints
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Commentary The Southern California game maker that makes Call of Duty, World of Warcraft and Candy Crush reported a stand-out year for 2020. Net revenues for Activision Blizzard (ATVI) topped $8.1 billion for the first time and reached adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of more than $3.2 billion. Earnings per share…
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