|
|
Viacom still looking to break into Game Development |
|
Viacom still looking to break into Game Development |
Since I posted the last news on Viacom looking into a possible purchase of EA, I figured a follow up story would suit just fine. As I have mentioned before, I have followed Viacom for quite some time. My father in law gave us CBS stock years ago, and of course CBS was bought by Viacom. Since then, I have watched this company grow to be a huge media success.
Viacom, the media giant (owner of MTV amongst others) is looking to get into the Games market in a big way. Not big as in BIG, but big as in Activision, Take Two, Ubisoft or THQ. Viacom recently admitted to looking into purchasing Electronic Arts, but was scared off by the $20,000,000,000 price tag - thats Billion with a B.
Summer Redstone, the CEO already has a stake in Midway, however, Viacom has recognised that they need to be in the video-games market to compete in the expanding media world.
Gamesindustry.biz are reporting that although Viacom is involved with almost every other aspect of the media business, they have no finger in the game publishing pie - and is thought to want to rectify this situation by acquiring a profitable publisher.
"We have looked at the obvious companies like Electronic Arts," admitted Redstone, speaking in his capacity as Viacom chairman to a conference in New York, "which is clearly the leader in the field.... But their price is so high, it would be dilutive to our earnings. We have ruled it out."
If there's anyone out there that doesn't think the video game market is multi-billion dollar industry, they need flogged. Also, I don't think that past trends hold any value in todays market. In the early to mid 80's the video game market was flourishing, only to fall flat on it's face. I can without a doubt say that is something that is very unlikely to ever happen again.
Source:XBOX365
| |
|
|
|
Related Stories |
|
|
Most Popular |
|
|
|
Rate this Article |
|
| | |
| Xbox Download Stats | | | Site Statistics
| |
HQ Online Statistics Members: 1 | Guests: 1,343 | Xbox Live Tags: 4,376
| | | |
Forums Active Users: 798
| News Active Users: 109
| Your Account Active Users: 92
| Home Active Users: 87
| Xbox Games Active Users: 61
| Active Users: 42
| Downloads Active Users: 30
| Xbox Homebrew Active Users: 27
| Private Messages Active Users: 26
| Profile Active Users: 26
|
| View More Detailed Statistics |
| Popular Xbox Games | |
Spawn: Armageddon Page Views: 372,896 Spawn: Armageddon is set against the backdrop of a darker, near-future New York City environment, where Spawn is caught between the factions in the battle of Good vs. Evil. The intuitive controls allo.. | | More Xbox Games | | HQ Network Affiliates | |
| Xbox-Hq.Com - Archived News | |
| Monday, April 29 | | Neptunia: Sisters VS Sisters Arrives May 21st published by: BigJ | Page Views: 30 | Comments: 0 |
Friday, April 26 | | Strike Gold with the Call of Duty Gold & Silv published by: BigJ | Page Views: 43 | Comments: 0 |
Thursday, April 25 | | Delta Force: Hawk Ops gets a brand new Traile published by: BigJ | Page Views: 42 | Comments: 0 |
Wednesday, April 24 | | Die by the Blade Slashes Its Way onto PC in M published by: BigJ | Page Views: 54 | Comments: 0 |
Tuesday, April 23 | | Umbraclaw hits Xbox, PlayStation, Switch & PC published by: BigJ | Page Views: 51 | Comments: 0 |
Monday, April 22 | | Mars 2120 launches out of Early Access onto a published by: BigJ | Page Views: 73 | Comments: 0 |
Thursday, April 18 | | GIC’24 Early Bird Tickets Now Available published by: BigJ | Page Views: 61 | Comments: 0 |
Wednesday, April 17 | | Killer Klowns From Outer Space: The Game laun published by: BigJ | Page Views: 65 | Comments: 0 |
| Epic Fantasy RPG 'Dungeons of Hinterberg' is published by: BigJ | Page Views: 67 | Comments: 0 |
Tuesday, April 16 | | Sleight of Hand launches Day One on Xbox Game published by: BigJ | Page Views: 83 | Comments: 0 |
Monday, April 15 | | Dune: Awakening Shows Off Stunning Unreal Eng published by: BigJ | Page Views: 114 | Comments: 0 |
| INDIE Live Expo Reveals First 2024 Showcase, published by: BigJ | Page Views: 100 | Comments: 0 |
Friday, April 12 | | Build Your Empire: 'Rise of Industry 2' Comin published by: BigJ | Page Views: 94 | Comments: 0 |
Thursday, April 11 | | Perennial Order is set to bloom on Xbox Serie published by: BigJ | Page Views: 102 | Comments: 0 |
| Metro Simulator 2 is coming soon for Xbox and published by: BigJ | Page Views: 92 | Comments: 0 |
Wednesday, April 10 | | Terminator: Survivors announced for Xbox Seri published by: BigJ | Page Views: 122 | Comments: 0 |
Tuesday, April 09 | | TMNT: Wrath of the Mutants Hits XBOX, PlaySta published by: BigJ | Page Views: 90 | Comments: 0 |
| devcom announces new venue, call for speakers published by: BigJ | Page Views: 99 | Comments: 0 |
Monday, April 08 | | Space Invaders Deck Commander - The Board Gam published by: BigJ | Page Views: 99 | Comments: 0 |
| Demolish & Build 3 is coming to Xbox, PlaySta published by: BigJ | Page Views: 109 | Comments: 0 |
Tuesday, March 26 | | Rugrats: Adventures in Gameland coming soon f published by: BigJ | Page Views: 137 | Comments: 0 |
Monday, March 25 | | Sci-fi adventure 'Sky of Tides' announced for published by: BigJ | Page Views: 157 | Comments: 0 |
Friday, March 22 | | Planet Zoo: Console Edition arrives on March published by: BigJ | Page Views: 148 | Comments: 0 |
Thursday, March 21 | | Taxi Life: A City Driving Simulator Out Now o published by: BigJ | Page Views: 122 | Comments: 0 |
| Terra Memoria is set to launch on Xbox Series published by: BigJ | Page Views: 152 | Comments: 0 |
Wednesday, March 20 | | MLB The Show 24 launches on Xbox Game Pass published by: BigJ | Page Views: 141 | Comments: 0 |
Tuesday, March 19 | | Discover the Sound of Life in The Lullaby of published by: BigJ | Page Views: 164 | Comments: 0 |
Monday, March 18 | | FLIPGO: A portable dual monitor that you can published by: BigJ | Page Views: 200 | Comments: 0 |
Thursday, March 14 | | Highwater launches this week on Xbox X|S, XB1 published by: BigJ | Page Views: 149 | Comments: 0 |
| JSAUX’S Black MODCASE for the ROG Ally Is Ava published by: BigJ | Page Views: 183 | Comments: 0 |
Wednesday, March 13 | | Paper Ghost Stories: Third Eye Open coming to published by: BigJ | Page Views: 156 | Comments: 0 |
Tuesday, March 12 | | Night Slashers: Remake confirmed for XBOX, Pl published by: BigJ | Page Views: 175 | Comments: 0 |
| RuneScape developer Jagex joins CVC Capital P published by: BigJ | Page Views: 175 | Comments: 0 |
Monday, March 11 | | Dark JRPG Graphic Adventure 'Neon Blood' debu published by: BigJ | Page Views: 173 | Comments: 0 |
Friday, March 08 | | WWII-based strategy epic Classified: France ' published by: BigJ | Page Views: 211 | Comments: 0 |
| Sonic X Shadow Generations hits Xbox One, Xbo published by: BigJ | Page Views: 212 | Comments: 0 |
Thursday, March 07 | | Explore the World of Ink Painting in Realm of published by: BigJ | Page Views: 156 | Comments: 0 |
Wednesday, March 06 | | Barton Lynch Pro Surfing Update v1.07 is LIVE published by: BigJ | Page Views: 149 | Comments: 0 |
| FALLEN LEAF Teams Up with STUDIOS EXTRAORDINA published by: BigJ | Page Views: 177 | Comments: 0 |
Tuesday, March 05 | | Goons: Legends & Mayhem: Meet the Cat Goon an published by: BigJ | Page Views: 153 | Comments: 0 |
News Archive
| |
|
|