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China Ends Freeze on Video-Game Licensing, FT Says
China has approved 80 new video game titles in the first batch of licenses granted by the media regulator after the end of a nine-month freeze.
The initial games were mostly local, mobile titles and didn't include any from industry giants Tencent Holdings Ltd. or Netease Inc. The notice of approvals was posted online by the State Administration of Press, Publication, Radio, Film and Television.
China's gaming industry, which generates more than $30 billion of revenue, has been hammered this year after regulators froze the approval process for new games, preventing companies from making money off hit titles. That threw Tencent into disarray, spurring its first profit drop in at least a decade and wiping about $200 billion off its market value since a January peak.
(Score: 3, Interesting) by realDonaldTrump on Monday December 31 2018, @11:07AM (1 child)
You look at Bloomberg, they said $180 billion. And that's a lot too.
By the way, still can’t believe that Bloomberg violated a firm OFF THE RECORD statement concerning my comments about Canada. Will they put out an apology? These are very dishonorable people. But I said, in the end it’s OK, because at least Canada knows how I feel. So it’s fine. It’s fine. It’s true.
(Score: 2) by MichaelDavidCrawford on Monday December 31 2018, @06:13PM
Canada shall once again be America's friend.
Yes I Have No Bananas. [gofundme.com]