game news

Rumor: Microsoft abandons Xbox One used-games and DRM polices

by Jeffrey Grubb on June 19, 2013

e9fc8-xbox-one-hardware-video-clip

Microsoft is throwing its massive machinery into reverse to drop many of the restrictive digital-rights management policies it planned for Xbox One.

“As a result of feedback from the Xbox community, we have changed certain policies for Xbox One,” reads an update on Microsoft’s Xbox One blog.

Giant Bomb reporter Patrick Klepek first reported that Microsoft will reveal changes to how Xbox One handles game ownership, online, and more.

Microsoft’s new stance will drop the always-online requirement — Xbox One will no longer have to check in every 24 hours. Game discs will work just as they do on Xbox 360 and PlayStation 3. An Internet connection is now only necessary for the initial console setup.

Microsoft may even drop region locking.

I’ve reached out to Microsoft to ask if it will confirm or deny this report. I will update this post with its response.

If this is true, it is a massive swing in the other direction for Microsoft who just came off a tough Electronic Entertainment Expo trade show that had Sony playing on each one of the Xbox One’s perceived weaknesses.

The biggest cheer of the week went to Sony when it announced that the PlayStation 4 will treat used games exactly as the PlayStation 3 did. That was all due to Microsoft’s bungled messaging that still has most consumers confused as to how game ownership works on Xbox One.

That confusion could quickly evaporate if this rumor is true. We’ll have more on this as we continue to dig.

Filed under: Games


GamesBeat 2013GamesBeat 2013 is our fifth annual conference on disruption in the video game market. You’ll get 360-degree perspectives from top gaming executives, developers, and analysts on what’s to come in the industry. Our theme this year is “The Battle Royal.” Check out full event details here, and grab your early-bird tickets here!

    



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Good to be King: Candy Crush Saga developer plans IPO

by Jeffrey Grubb on June 18, 2013

candy crush saga big

At least one developer believes our future is a digital-candies-based economy. Candy Crush Saga developer King is hiring banks to help it pursue an initial public offering (IPO) in the United States, according to the Wall Street Journal.

Candy Crush Saga is one of the most-played and highest-grossing social games on mobile platforms and Facebook. That success is leading King’s executives and its investors to consider taking the publisher public.

“King’s success and growth presents numerous opportunities for the business to develop further, and one option would be to take the company public,” a King spokesperson told WSJ. “However, while it’s an option for the future, we would not comment on when we could consider making such a decision.”

Social-game developer IPOs don’t have a stellar track record. In 2011, Zynga went public with a lot of attention from Wall Street. Zynga debuted its offering at $10 a share in December 2011. After shooting up to $11, the stock quickly shed its value.

Since then, Zynga’s shares have lost nearly 70 percent of their value. It is currently trading at $2.89. That drop is largely attributed to Zynga failing to re-create the success of its games, like FarmVille and CityVille.

King could face a similar issue. Candy Crush Saga is a gigantic success, but the company’s other releases haven’t duplicated that performance. Even with King generating a ton of revenue, Wall Street might not have a lot of confidence in another studio coming out of the volatile social-gaming sector.

Apax Partners, a private-equity firm, and Index Ventures, a venture-capital firm, invested nearly $50 million in King in 2005. Both would stand to benefit greatly from an IPO.

Filed under: Games


GamesBeat 2013GamesBeat 2013 is our fifth annual conference on disruption in the video game market. You’ll get 360-degree perspectives from top gaming executives, developers, and analysts on what’s to come in the industry. Our theme this year is “The Battle Royal.” Check out full event details here, and grab your early-bird tickets here!

    



This article originally appeared on VentureBeat Read More

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