Monthly Archives: January 2021
Halo Infinite Team to Provide Monthly Updates on Development
Hitman Developer’s James Bond Won’t Be Based on Any Previous Actor
Netflix’s Vikings: Valhalla Cast Announced
Vikings: Valhalla Cast
- Sam Corlett is Leif Eriksson
- Frida Gustavsson is Freydis Eriksdotter
- Leo Suter is Harald Sigurdsson
- Bradley Freegard is King Canute
- Jóhannes Jóhannesson is Olaf Haraldson
- Laura Berlin is Emma OF Normandy
- David Oakes is Earl Godwin
- Caroline Henderson is Jarl Haakon
- Pollyanna McIntosh is Queen Ælfgifu
- Asbjørn Krogh Nissen is Jarl Kåre
Platforming Modern Classic Celeste Gets a Surprise Semi-Sequel
According to the short description that accompanies the game, Celeste Classic 2 was built in just three days. The mini-sequel is a challenging aside clearly set within the Celeste universe. You play as a new character called Lani, who has a grappling hook. Here's our review of Celeste from 2018, a game we scored a 10, noting its incredible platforming and innumerable secrets. If you're looking for more Celeste content, here's a speedrun of the game which manages to achieve the True Ending in just 54 minutes. [ignvideo url="https://www.ign.com/videos/2018/01/25/celeste-review"] [poilib element="accentDivider"] Jordan Oloman is a freelance writer for IGN. Follow him on Twitter.To celebrate the 3rd anniversary of Celeste, we made a sequel to Celeste Classic for PICO-8 :D you can play Celeste Classic 2 now on web or pico-8! https://t.co/EHp7dTgGlE
— Maddy Thorson (@MaddyThorson) January 25, 2021
19 Million People Got Star Wars Battlefront 2 For Free From the Epic Games Store
Players who picked up the game during the promotion were given access to the Celebration Edition of Star Wars Battlefront 2, which includes all of the customization content purchasable in-game from launch, all the way up to Battlefront 2's 'The Rise of Skywalker' update. In other EA Star Wars news, a report has suggested that a new Knights of the Old Republic game is in the works, without original developers Bioware. We also learned in early January that Ubisoft is working on an open-world Star Wars game alongside the newly-reformed Lucasfilm Games. [ignvideo url="https://www.ign.com/videos/2019/12/17/star-wars-battlefront-2-review-2019"] [poilib element="accentDivider"] Jordan Oloman is a freelance writer for IGN. Follow him on Twitter.More than 19M PLAYERS got #StarWarsBattlefrontII from the Epic Game Store promo!Thank you so much for the continued support, even after our final content drop! We’ll watch your careers with great interest! May the Force be with you, troopers! pic.twitter.com/fC4A92HLNN
— EA Star Wars (@EAStarWars) January 25, 2021
Konami Explains Why It Restructured Its Game Development Divisions
Disney Parks to Change Jungle Cruise Ride Over Longstanding Racism Complaints
"Imagineers are addressing negative depictions of native people while adding a humorous storyline that follows the adventure of a Jungle Cruise skipper, his passengers, and what has become of their boat and its contents," Disney said in a statement provided by Michele Himmelberg, per USA Today. "Guests will also find this group of adventurers to be diverse – in background and fields of interest." [caption id="attachment_2465229" align="alignnone" width="783"] Image credit: Disney[/caption] [caption id="attachment_2465230" align="alignnone" width="900"] Image credit: Disney[/caption] According to a Disney Parks blog post about the ride revamp, the river cruise will include "new adventures that stay true to the experience we know and love" with an extra splash of "humor, wildlife, and skipper heart." The updated storyline will expand upon the skipper role, as the "live, experienced and witty guide" will also be "represented by a show figure within the attraction itself." Disney's concept art for the reimagined ride shows an updated "trapped safari" scene, with a group of hapless adventurers shimmying up a tree trunk to escape the horn of a rhinoceros. Ride guests will get to follow "a skipper and his passengers as their journey goes awry," and in this new version of the scene, they will see the skipper of the ill-fated boat tour also clinging onto the bole. Abandoned, the adventurers' half-sunken boat is illustrated in another piece of concept art for the reworked attraction, which depicts a steamer that has been overtaken by a group of chimpanzees, with monkey business ensuing. Disney Imagineer Kevin Lively promised that, ultimately, "the jungle gets the last laugh" in these new and updated scenes. [ignvideo url="https://www.ign.com/videos/2020/03/10/disneys-jungle-cruise-official-trailer-2"] Jungle Cruise is not the only theme park attraction to be getting a revamp; Disney previously announced that Splash Mountain will be "completely reimagined" as a Princess and the Frog ride at Disneyland and Walt Disney World after fans petitioned to overhaul the ride because it was inspired by (and still includes) imagery from Song of the South, a movie featuring racially insensitive depictions. As reported by The Los Angeles Times, Disney expects the changes to the Jungle Cruise attraction to be completed at both parks this year, though the ride changes are being made independently of the forthcoming Jungle Cruise movie, starring Dwayne Johnson and Emily Blunt. A Disney spokesperson stressed that the ride's "new figurines will not represent characters in the film." The Jungle Cruise movie is currently scheduled to set sail in theaters on July 30, 2021. [poilib element="accentDivider"] Adele Ankers is a Freelance Entertainment Journalist. You can reach her on Twitter.Exciting enhancements are coming to the Jungle Cruise in Disneyland park at @Disneyland Resort and Magic Kingdom Park at @WaltDisneyWorld Resort later this year! Here’s a first look from Walt Disney Imagineering at some of the “gnu” magic being added: https://t.co/B8HF1peLdF pic.twitter.com/2mWI8RPl3K
— Disney Parks (@DisneyParks) January 25, 2021
PS5 Scalpers Used a Loophole to Buy Stock Before It Was Live in the UK
Tomb Raider 2 Adds Lovecraft Country Showrunner as Director
Green is not just the showrunner behind Lovecraft Country but also wrote every episode of the show's first season and directed an episode. Green hasn't written or directed a feature-length movie yet, but Deadline said Green recently wrote a movie, The Mother, which Netflix won after a heated competition with rival studios. [ignvideo url="https://www.ign.com/videos/2018/03/14/tomb-raider-review-2018"] There's no word on why Wheatley isn't involved in the project anymore. The filmmaker has kept busy by directing a horror movie during the COVID-19 pandemic, according to Empire. That movie is set for release in 2021. Variety says that Wheatley is also set to direct The Meg 2 with Jason Statham. Details are slim regarding the Tomb Raider sequel. All that's known at this time is that Vikander will reprise her role as Lara Croft from the first movie. The first Tomb Raider movie with Vikander was released in 2018. Captain Marvel screenwriter Geneva Robertson-Dworet and Small Axe writer Alastair Siddons wrote the script that was directed by Roar Uthaug. IGN gave the movie a 5.5 out of 10 in our review. We said Tomb Raider "fails to develop interesting characters or motives but at least offers viewers some fun action." [widget path="global/article/imagegallery" parameters="albumSlug=live-action-versions-of-video-game-characters&captions=true"] On the other hand, Lovecraft Country was nominated for IGN's Best TV Series of the Year. Green says that she has been in touch with HBO regarding Lovecraft Country season 2, but nothing is official yet. [poilib element="accentDivider"] Petey Oneto is a freelance writer for IGN who highly recommends Lovecraft Country. It's one of the best TV shows in a long time.My fav from classic era is Legend & from survival era it’s a tie between Rise & Shadow. So I’m thinking something like:
*whispers* Who’s as excited as I am for a @TombRaiderMovie!?!? #TombRaider — Misha Green (@MishaGreen) January 25, 2021
GameStop Traders Share Why They Went Big on the GME Stock Squeeze
What Is Going on with GameStop Stock?
GameStop stock (traded as $GME) is on the up-and-up. Prices for a single piece of stock peaked today at around $145. Compare that to a year ago, when prices for the biggest video game brick-and-mortar retailer hovered around $15 but went as low as $3 a share. [widget path="global/article/imagegallery" parameters="albumSlug=gamestop-in-the-news-timeline&captions=true"] Some Wall Street investors bet that GameStop would continue to struggle and began short-selling the company, a strategy where an investor borrows stock of that particular company — in this case, GameStop — and sells it in the hopes that prices for the stock will continue to drop. If that happens, they can buy back the stock for even cheaper and keep the difference as a profit. But instead of going down, prices are going up, and this is bad for short sellers who have to buy back the stock they borrowed. Redditors on r/WallStreetBets saw the short early and moved in to buy GameStop stock early and cheap, creating a short squeeze. Short sellers rushing to buy while minimizing losses created a rush to buy GameStop stock, which in turn drove up prices. A vicious cycle, if you will.Who Is Squeezing Wall Street?
In speaking with traders on r/WallStreetBets, it’s evident that these traders are not wolves of Wall Street, but hobbyists who trade on the side and have either a clear-eyed or irreverent view of the stock market. Three traders from r/WallStreetBets IGN spoke to say that they are not full-time traders, while a fourth says they’re still relatively new to trading. And all three also joined the community fairly recently with the longest member following the subreddit about a year ago. “I had seen the subreddit in some YouTube video after I got into trading but was only doing my own thing until this GME stuff really started to pop off and I bought in,” one trader, who asked to go by Ike for privacy reasons, tells IGN. [caption id="attachment_2465120" align="alignnone" width="837"] Source: Google.[/caption] Ike bought GME stock when it was around $30 and says he spent about $600 on his position. He says his option is now worth around five times that value but is still waiting before selling. When asked why they went in on GME, Ike says that it took “some convincing” and due diligence but that it was “mostly FOMO [or, Fear of Missing Out].” Another trader named Tj says they invest "on the side for fun," while working as a full-time engineer at a major tech company. Their option is worth six-figures after going in at a buying price of around $18 per stock. [ignvideo url="https://www.ign.com/videos/2020/03/07/how-gamestop-plans-to-save-itself"] In keeping with their 4chan with a Bloomberg Terminal mantra, these traders prefer memeing their way through Wall Street, using terms like FOMO or YOLO [You Only Live Once] to explain away their investment decisions. One investor named Sage says they’ve only been following r/WallStreetBets for “around two months” and that investing is a “side hustle.” For “about five minutes” Sage’s GME options were worth $33,000, based on an initial investment of $1000. Though they chose not to sell. The biggest success story is someone who goes by u/DeepFu*kingValue on WallStreetBets who regularly updates the subreddit on the price of their option which is currently valued at $13 million. The energy the subreddit brings into trading can only be described as chaotic. One thread by user u/dumbledoreRothIRA is titled, “I’M NOT SELLING THIS UNTIL AT LEAST $1000+ GME” with an additional expletive and some rocket ship emojis for good measure. The subreddit is also claiming a “victory” against hedge fund Melvin Capital Management, a short-seller that the Wall Street Journal reports is getting an outside investment to help stabilize the fund after a variety of short bets fell through. One of which was Melvin’s bet against GameStop.GameStop, a Meme?
One reason why the GameStop stock situation is so absurd is that for the past three years, GameStop has been struggling as a business. A brick-and-mortar video game retailer, GameStop has not been able to compete with digital retailers like Amazon as well as the growing trend of customers buying primarily digital versions of games through portals like Steam, PSN, or Xbox Live. When IGN spoke with GameStop’s chief customer officer Frank Hamlin back in 2019, he explained that “As a specialty retailer, we are linked at the hip to this category of video games. We compete with a bunch of generalist retailers who don’t have the same seasonality as we do because they sell paper towels and loaves of bread and they can use video games as a loss leader to sell a loaf of bread.” The increased competition has forced GameStop to close around 400 and 450 stores in 2020, and the COVID-19 pandemic has not helped physical retailers like GameStop in the least. And whatever is happening with the stocks is not indicative of the business' actual current performance, which is still struggling. But GameStop is a mainstay in the public gaming consciousness, and the brand recognition has driven WallStreetBets to embrace the struggling brand. Whereas investors on Wall Street proper saw a struggling retailer, WallStreetBets saw an underdog and piece of gaming childhood. [widget path="global/article/imagegallery" parameters="albumSlug=gamestop-experimental-stores&captions=true"] Sage says that while “Reddit Hype” factored into their decision to go in on GME, so did “childhood memories.” Meanwhile, Tj tells IGN that their non-retirement investing is done with additional income. "So I figured might as well throw it into the latest meme and let it ride," they said. Another trader who spoke with IGN named Branyan said that knowing GameStop helped them go in on their own position. “I’ve done my fair share of shopping there,” says Branyan. “It definitely did make a difference that I knew the business opposed to going in blind. I’ve trusted them with my business so I should be able to trust them with my trades.” Ike says they were very aware of GameStop both from their childhood and recent news. “Like most my age [GameStop] used to be a place I’d go often for games as a kid, and I knew about its decline as I've watched the closure of one [of the stores] close to me.” However, Ike cites the addition of pet retail giant Chewy’s co-founder Ryan Cohen to GameStop’s board and the company’s attempts to remodel some of its stores into experiential event spaces as signs of positive change.What Happens Next?
One side-effect of the GameStop Stock squeeze is the increased scrutiny on r/WallStreetBets. Mainstream and finance-focused publications are covering the subreddit in recent days — and not in a way the community finds helpful. “News coverage has been unfair and misleading, often referring to WSB as a single entity that makes decisions for millions of people,” says Ike. “But take only a glance at the sub and you’ll see just how wrong that is, [it’s] full of people taking all sides [on an investment] and people posting random sh*t half the time.” Tj says they're worried that the media coverage could harm inexperienced investors "jumping into stocks without researching." They believe that "a lot of people will lose more than they can afford to," because of the notoriety. [ignvideo url="https://www.ign.com/videos/2020/09/11/how-is-gamestop-still-a-thing-ign-daily-fix"] “Well to tell you the truth [the media coverage] is very worrisome,” Branyan adds. “Many subreddits have been shut down in the past and wiped out due to getting negative media coverage. The coverage we’re getting now seems to want to suggest that we are attempting to manipulate the market as a collective single organism. This isn’t the case. We are just a bunch of investors who like to chat about what we do.” “People make huge YOLOs and succeed sometimes and people like to see that. That is what you’ll find at the base of WSB. People making it big or losing it all trying. We aren’t trying to manipulate the market, we’re trying to go big or die trying. Each and every one of us.” As for their GME options, the investors say they’ll eventually sell and hopefully make a profit. “I’ll sell when u/deepfu*kingvalue sells,” Sage says.Update 1/27: The Fallout From $GME Continues
As the GameStop situation continues, there have been several developments. Driven by the activity on GameStop stock, r/WallStreetBets are discussing other potential stocks that could behave similarly. AMC stock, the movie theater chain besieged by COVID-19 has come out as a popular choice along with companies like BlackBerry and Nokia. Meanwhile, leaders in government and finance are sounding off on the GameStop stock situation on Wall Street. Nasdaq President Adena Friedman says it is monitoring the situation on social media for "unusual activity in stocks." White House Press Secretary Jen Psaki says President Biden's economic team is "monitoring the situation" as well. And politicians such as Rep. Alexandria Ocasio-Cortez (D-NY14) tweeted, "Gotta admit it's really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino."Reddit also suffered temporary outages during the ongoing GameStop stock situation, though it is apparently back up. There has also been financial damage to short-seller hedge fund Melvin Capital, which was reported to have closed out of its GameStop position after requiring nearly $3 billion in external financing to help stabilize its fund after a few shorts fell through, one of which was GameStop. CNBC reports that there are several hedge funds in similar trouble for their own GameStop options. [poilib element="accentDivider"] Matt T.M. Kim is a reporter for IGN.Gotta admit it’s really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino
— Alexandria Ocasio-Cortez (@AOC) January 27, 2021