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Fantastic news for us, right? Well, it depends on both your perspective and priorities. According to the New York Times, the video game industry is receiving unprecedented tax breaks, as the industry qualifies as software development, entertainment, and online retail. They are receiving levels of subsidization that companies rooted only in entertainment could only dream of. The article cites Electronic Arts as an example, and explains how the video game industry's tax breaks, according to analysts, "defy common sense". Even oil companies are questioning why the makers of video games, a very profitable industry, are getting subsidized to make a product whose sole purpose is entertainment.
From a strictly gaming perspective, the news is good …Read more >