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	<title>Elder-Geek.com &#187; Financial</title>
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	<description>Everything for the older Geek.</description>
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		<title>38 Studios Lays Off Entire Staff</title>
		<link>http://elder-geek.com/2012/05/38-studios-lays-off-entire-staff/</link>
		<comments>http://elder-geek.com/2012/05/38-studios-lays-off-entire-staff/#comments</comments>
		<pubDate>Fri, 25 May 2012 07:14:59 +0000</pubDate>
		<dc:creator>Gavin Greene</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[38 Studios]]></category>
		<category><![CDATA[big huge games]]></category>
		<category><![CDATA[governor lincoln chafee]]></category>
		<category><![CDATA[layoffs]]></category>
		<category><![CDATA[resolution]]></category>
		<category><![CDATA[the verge]]></category>
		<category><![CDATA[WPRI]]></category>

		<guid isPermaLink="false">http://elder-geek.com/?p=40961</guid>
		<description><![CDATA[The entirety of 38 Studios &#8211; and its Maryland subsidiary Big Huge Games &#8211; was laid off today, the blame for the company&#8217;s history of financial problems placed in part on the failure of the studio&#8217;s RPG Kingdoms of Amalur: Reckoning to move the necessary 3 million units to cover production costs. Financial returns place [...]]]></description>
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		<title>RI Governor Holds Sudden Press Conference on 38 Studios</title>
		<link>http://elder-geek.com/2012/05/ri-governor-holds-sudden-press-conference-on-38-studios/</link>
		<comments>http://elder-geek.com/2012/05/ri-governor-holds-sudden-press-conference-on-38-studios/#comments</comments>
		<pubDate>Thu, 24 May 2012 05:44:01 +0000</pubDate>
		<dc:creator>Gavin Greene</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[38 Studios]]></category>
		<category><![CDATA[governor lincoln chafee]]></category>
		<category><![CDATA[joystiq]]></category>
		<category><![CDATA[nbc10]]></category>
		<category><![CDATA[rhode island]]></category>
		<category><![CDATA[WPRI]]></category>

		<guid isPermaLink="false">http://elder-geek.com/?p=40945</guid>
		<description><![CDATA[Rhode Island Governor Lincoln Chafee held an unexpected press conference on the state of 38 Studios earlier today, expressing a worsening state of affairs for the makers of Kingdoms of Amalur: Reckoning. Lacking any new outside investment, the studio is being denied all the tax credits it has applied for, likely due to company not [...]]]></description>
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		<title>38 Studios Pays off Rhode Island, Governor Gives MMO Release Date</title>
		<link>http://elder-geek.com/2012/05/38-studios-pays-off-rhode-island-governor-gives-mmo-release-date/</link>
		<comments>http://elder-geek.com/2012/05/38-studios-pays-off-rhode-island-governor-gives-mmo-release-date/#comments</comments>
		<pubDate>Mon, 21 May 2012 05:13:48 +0000</pubDate>
		<dc:creator>Gavin Greene</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[PC]]></category>
		<category><![CDATA[38 Studios]]></category>
		<category><![CDATA[economic development corporation]]></category>
		<category><![CDATA[governor lincoln chafee]]></category>
		<category><![CDATA[loan]]></category>
		<category><![CDATA[payment]]></category>
		<category><![CDATA[project copernicus]]></category>
		<category><![CDATA[rhode island]]></category>

		<guid isPermaLink="false">http://elder-geek.com/?p=40867</guid>
		<description><![CDATA[The second time&#8217;s the charm for 38 Studios. The developer&#8217;s second $1.125 million check sent to the Rhode Island Economic Development Corporation cleared late last week, fulfilling the first payment on the company&#8217;s $75 million loan. The state believes the totality of the $49 million portion given to the studio has been spent, their next [...]]]></description>
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		<title>38 Studios Fails to Pay State, Employees</title>
		<link>http://elder-geek.com/2012/05/38-studios-fails-to-pay-state-employees/</link>
		<comments>http://elder-geek.com/2012/05/38-studios-fails-to-pay-state-employees/#comments</comments>
		<pubDate>Fri, 18 May 2012 05:48:52 +0000</pubDate>
		<dc:creator>Gavin Greene</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[38 Studios]]></category>
		<category><![CDATA[curt shilling]]></category>
		<category><![CDATA[economic development corporation]]></category>
		<category><![CDATA[governor lincoln chafee]]></category>
		<category><![CDATA[kingdoms of amalur]]></category>
		<category><![CDATA[rhode island]]></category>
		<category><![CDATA[WPRI]]></category>

		<guid isPermaLink="false">http://elder-geek.com/?p=40815</guid>
		<description><![CDATA[38 Studios&#8217; check to the Rhode Island Economic Development Corporation was returned due to insufficient funds, according to local news outlet WPRI. The $1.125 million owed by the Curt Shilling-backed studio was the impetus for the company&#8217;s default on May 1st, as per a 2010 loan agreement. Rhode Island Governor Lincoln Chafee stated that the [...]]]></description>
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		<title>Activision v. EA Settled</title>
		<link>http://elder-geek.com/2012/05/activision-v-ea-settled/</link>
		<comments>http://elder-geek.com/2012/05/activision-v-ea-settled/#comments</comments>
		<pubDate>Thu, 17 May 2012 07:03:32 +0000</pubDate>
		<dc:creator>Gavin Greene</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Legal]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[activision]]></category>
		<category><![CDATA[call of duty]]></category>
		<category><![CDATA[electronic arts]]></category>
		<category><![CDATA[jason west]]></category>
		<category><![CDATA[lawsuit]]></category>
		<category><![CDATA[modern warfare 2]]></category>
		<category><![CDATA[settlement]]></category>
		<category><![CDATA[vince zampella]]></category>

		<guid isPermaLink="false">http://elder-geek.com/?p=40810</guid>
		<description><![CDATA[A settlement agreement has been be filled by both Activision and Electronic Arts, a little under two weeks before their case was to go to court. The move comes one day after an appeal for a 30-day postponement of the trial by Activision lawyer Beth Wilkinson was denied. The agreement removes EA from the list [...]]]></description>
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		<title>Nexon Buyout Rumors Cause Spike in EA Shares</title>
		<link>http://elder-geek.com/2012/04/nexon-buyout-rumors-cause-spike-in-ea-shares/</link>
		<comments>http://elder-geek.com/2012/04/nexon-buyout-rumors-cause-spike-in-ea-shares/#comments</comments>
		<pubDate>Fri, 27 Apr 2012 06:05:57 +0000</pubDate>
		<dc:creator>Gavin Greene</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Rumor]]></category>
		<category><![CDATA[bloomberg]]></category>
		<category><![CDATA[buyout]]></category>
		<category><![CDATA[electronic arts]]></category>
		<category><![CDATA[forbes]]></category>
		<category><![CDATA[nexon]]></category>
		<category><![CDATA[stock]]></category>

		<guid isPermaLink="false">http://elder-geek.com/?p=40463</guid>
		<description><![CDATA[After a rumor of an Electronic Arts buyout by South Korean free-to-play publisher Nexon began circulating early this morning (via Bloomberg video report), shares in EA spiked $1.22 (8.1%). Coming up from a year-long low, Electronic Arts evened out at $16.23 after closing bell. Nexon stated last week that it would look into acquiring smartphone [...]]]></description>
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		<title>Starbreeze Acquiring &#8216;Payday: The Heist&#8217; Makers</title>
		<link>http://elder-geek.com/2012/04/starbreeze-acquiring-payday-the-heist-makers/</link>
		<comments>http://elder-geek.com/2012/04/starbreeze-acquiring-payday-the-heist-makers/#comments</comments>
		<pubDate>Sat, 21 Apr 2012 06:15:11 +0000</pubDate>
		<dc:creator>Gavin Greene</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[gamasutra]]></category>
		<category><![CDATA[overkill software]]></category>
		<category><![CDATA[starbreeze studio]]></category>

		<guid isPermaLink="false">http://elder-geek.com/?p=40383</guid>
		<description><![CDATA[Swedish studio Starbreeze (Syndicate) recently finalized plans to acquire Overkill Software, the makers of the PSN co-op squad shooter Payday: The Heist, in a deal that will be completed this June. Starbreeze initiated the acquisition in order to bolster its ranks for upcoming projects like Project Mercury and V13. The only price point currently known [...]]]></description>
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		<title>California GameStops Mandated to Include DLC Warnings</title>
		<link>http://elder-geek.com/2012/04/california-gamestops-mandated-to-include-dlc-warnings/</link>
		<comments>http://elder-geek.com/2012/04/california-gamestops-mandated-to-include-dlc-warnings/#comments</comments>
		<pubDate>Tue, 17 Apr 2012 06:43:50 +0000</pubDate>
		<dc:creator>Gavin Greene</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Legal]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[baron and budd]]></category>
		<category><![CDATA[DLC]]></category>
		<category><![CDATA[gamestop]]></category>
		<category><![CDATA[lawsuit]]></category>
		<category><![CDATA[mark pifko]]></category>
		<category><![CDATA[settlement]]></category>
		<category><![CDATA[used games]]></category>
		<category><![CDATA[warning labels]]></category>

		<guid isPermaLink="false">http://elder-geek.com/?p=40257</guid>
		<description><![CDATA[California GameStops will now be required to include warning labels on used copies of games featuring paid Day-1 DLC and/or Online Passes. A class action lawsuit brought against the retail chain by law firm Baron and Budd claimed GameStop mislead customers with their discounted merchandise, a move which enabled them to profit in the vein [...]]]></description>
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		<title>Sony Sees Record Loss After Tax Hit</title>
		<link>http://elder-geek.com/2012/04/sony-sees-record-loss-after-tax-hit/</link>
		<comments>http://elder-geek.com/2012/04/sony-sees-record-loss-after-tax-hit/#comments</comments>
		<pubDate>Wed, 11 Apr 2012 05:59:53 +0000</pubDate>
		<dc:creator>Gavin Greene</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[commons asset management]]></category>
		<category><![CDATA[fukoku captial]]></category>
		<category><![CDATA[kazuo hirai]]></category>
		<category><![CDATA[loss]]></category>
		<category><![CDATA[Sony]]></category>
		<category><![CDATA[tesuru Ii]]></category>
		<category><![CDATA[yuuki sakurai]]></category>

		<guid isPermaLink="false">http://elder-geek.com/?p=39979</guid>
		<description><![CDATA[Sony Corporation hasn&#8217;t been seeing anything but red for a while now, having four straight years of negative numbers, but the Corporate Headquarters in Japan sunk to a new debt plateau with a posted ¥520 billion ($6.4 billion) expected loss. Recently appointed CEO Kazuo Hirai stated that he was prepared to take &#8220;painful steps&#8221; to [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Adult Movie Network Looking to Support Fighting Game Events</title>
		<link>http://elder-geek.com/2012/04/adult-movie-network-looking-to-support-fighting-game-events/</link>
		<comments>http://elder-geek.com/2012/04/adult-movie-network-looking-to-support-fighting-game-events/#comments</comments>
		<pubDate>Wed, 04 Apr 2012 06:47:20 +0000</pubDate>
		<dc:creator>Gavin Greene</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[brazzers]]></category>
		<category><![CDATA[fighting came tournaments]]></category>
		<category><![CDATA[livestream]]></category>
		<category><![CDATA[rob steele]]></category>
		<category><![CDATA[sponsorship]]></category>
		<category><![CDATA[twitter]]></category>

		<guid isPermaLink="false">http://elder-geek.com/?p=39828</guid>
		<description><![CDATA[Acting as an interesting epilogue to the accusations of sexual harassment that were labeled against the fighting game community in the wake of comments made by Wednesday Night Fights commentators last month, an online media network specializing in adult entertainment is looking to get into game tournament sponsorship. Based on the Twitter account of Brazzers&#8217; [...]]]></description>
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