From yesterday’s Wall Street Journal:
“Take-Two has a number of strong franchises and a number of wholly owned Internet Protocols. Wholly owned IPs not only carry higher profitability, but also are more valuable to media companies because they could be adapted into movies, TV serials and online destinations.”
The argument can be made that newspapers are dying because illiterate jackasses like our generation only get their news when the TV-box reads it to them, but it doesn’t help that the reporters for one of the biggest and most important papers in the world are so fucking stupid that they can’t even be bothered to double check what a common abbreviation for a business term means (not that they should have to look it up, because they should ALREADY FUCKING KNOW IT). How anyone in a media position could possibly be so out of touch is beyond me, but it may be that people like this don’t play many video games:
To be honest, we’re lucky they made the connection between IP and Internet Protocol. A business magazine not knowing what the abbreviation for “intellectual properties” is is stupid to the point of being completely absurd, so the floodgates are open. They literally could have put anything. Chances are just as good that they could have written “Iridescent Paragraphs” or “Intelligent Penises” or “Irritating Penetration” or something. Thank god their other news coverage is so good, otherwise… oh wait.