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Is The Game Industry Killing Hollywood? Or Is It The Other Way Around?

Authored by Jay Baage on May 16, 2008 - 9:11am.

Today's topic of the popular financial web TV show WallStrip is the troubled relationship between the game industry and Hollywood. For example, the launch of the much anticipated video game "Grand Theft Auto IV" was expected to kill the opening weekend at the box office for the "Iron Man" movie. But it didn't. In fact, both Iron Man and Grand Theft Auto IV made a fortune for Marvel Studios (NYSE: MVL) and Take-Two Interactive (NSDQ: TTWO) respectively. But there are other reasons behind the friction between the two entertainment industries than just launch dates. It concerns licence fees, IP-ownership and who really has the leverage. For those of you who are interested in this topic, don't miss the "Hollywood and Games" panel at our LA Games Conference next week on May 22 at the Hollywood Roosevelt Hotel. Sparks will fly!

Published in DMW Daily, May 16, 2008
tags: Games | TV | Metrics | Microsoft | Movies | Take-Two Interactive | Halo | LA Games Conference | GTA IV |



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