Video Game Maker Blame-Game Starts in Earnest (TTWO) (ATVI)
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As StreetInsider.com warned investors on Monday, the backlash against makers of violent video games, in light of Friday's Sandy Hook shootings, has started in earnest.
According to POLITICO:
In the wake of the Newtown shootings, Senate Commerce Committee Chairman Jay Rockefeller introduced a bill Tuesday night that would have the National Academy of Sciences examine any link between violent games and media and violent acts by children, industry sources say.
According to a copy of the "discussion draft" obtained by POLITICO, the legislation directs the Federal Trade Commission and the Federal Communications Commission to make "appropriate arrangements" with the NAS to enable the study.
Gunman Adam Lanza was reportedly an avid player of violent video games, including Call of Duty and Starcraft, both games published by Activision Blizzard, Inc. (NASDAQ: ATVI).
Shares of Activision Blizzard are down 2.25%, while Take-Two Interactive (Nasdaq: TTWO), which makes the Grand Theft Auto franchise, is down 2.5%.
According to POLITICO:
In the wake of the Newtown shootings, Senate Commerce Committee Chairman Jay Rockefeller introduced a bill Tuesday night that would have the National Academy of Sciences examine any link between violent games and media and violent acts by children, industry sources say.
According to a copy of the "discussion draft" obtained by POLITICO, the legislation directs the Federal Trade Commission and the Federal Communications Commission to make "appropriate arrangements" with the NAS to enable the study.
Gunman Adam Lanza was reportedly an avid player of violent video games, including Call of Duty and Starcraft, both games published by Activision Blizzard, Inc. (NASDAQ: ATVI).
Shares of Activision Blizzard are down 2.25%, while Take-Two Interactive (Nasdaq: TTWO), which makes the Grand Theft Auto franchise, is down 2.5%.
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