GameStop: Traditional Sales Down, Digital and Pre-Owned Sales Up

August 18, 2011 -

GameStop this week reported sales and earnings for the second quarter ended July 30, 2011. While store sales of traditional boxed software and hardware declined, the company found a silver lining with better-than-expected digital sales and pre-owned sales. Total sales for the second quarter of 2011 were $1.74 billion, a decrease of 3.1 percent compared to $1.80 billion in the prior year quarter. Total company comparable store sales were -9.1 percent, impacted by lower hardware sales and a lighter software title releases than the prior year quarter.

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GameStop Opens UK Retail Site

July 29, 2011 -

U.S. game retail chain GameStop has opened up a retail site dedicated to consumers in the united Kingdom. The new site opens with a bang, offering customers several promotional deals including a three-for-two sale on pre-owned games, and reduced prices on some console hardware and software. The new site is located at www.gamestop.co.uk.

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GameStop Will Honor Old Duke Nukem Forever Pre-Orders

May 30, 2011 -

GameStop is doing something a bit unprecedented: it is honoring ancient pre-orders for Duke Nukem Forever. GamePro asked the retailer if they would honor pre-orders taken just after the game was originally announced many years ago. The company confirmed that it would.

"With a long-anticipated release like Duke Nukem Forever, we encourage customers who pre-ordered more than a year ago to verify their reservation with their local store prior to launch," a GameStop representative told GamePro. "Provided the customer has a receipt, we will honor even those pre-orders taken long ago. At this time, we expect that all pre-order customers will receive Duke's Big Package at time of purchase, regardless of when the reservation was made."

Duke Nukem Forever releases June 10 on various platforms, with a demo coming June 3. Obviously it is rated "M" for "Mature" by the ESRB.

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Kongregate, Tetsuya Mizuguchi Team Up For Game Development Contest

May 16, 2011 -

GameStop's Kongregate and publisher Ubisoft Entertainment are hosting a game development contest that will see one winner take home a $10,000 first prize. The contest is to promote the upcoming release of Child of Eden, the spiritual successor to the popular game REZ. Game director Tetsuya Mizuguchi will serve as a judge in the contest and will help decide which game is the best of the best.

The game development contest, dubbed "Experience the Music," challenges participants to "electrify the senses by creating a game that synchronizes music and unique gameplay."

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GameStop Acquires Impulse, Spawn Labs

April 1, 2011 -

GameStop is up to something big. The company announced that it has acquired a streaming technology company and a popular digital distribution platform. The company announced that it has acquired Spawn Labs, a streaming technology company and has entered into an agreement with Stardock systems to purchase Impulse. The Impulse acquisition is subject to closing conditions and is expected to be complete in May 2011.

Spawn Labs becomes part of the GameStop network, and will bring its game streaming technology to GameStop's suite of digital game products and services. Once the Spawn Labs integration and testing on a new consumer interface is complete, users will gain access to a wide selection of high-definition video games on demand.

Impulse is a digital distribution platform that allows users to download and manage games. The Impulse suite is comprised of a client, Reactor technology for DRM, and publishing tools.

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Family Affair: GameStop Robber Joins Son in Jail

March 25, 2011 -

On March 17 we chronicled a father and son who were wanted for robbing several retail locations in North Carolina and South Carolina. The son, 18-year-old Shawn Douglas Hefner was nabbed by police, but his father, Douglas Hefner remained at large. A third person, 29-year-old Thomas Douglas Barr, was apprehended at the same time as Shawn Douglas.

It looks like police have caught up with the father. Douglas Scott Hefner was arrested Wednesday on outstanding warrants from the York County Sheriff's Office and other jurisdictions. The senior Hefner was caught by police after trying to sell video games to a GameStop in Greenville, S.C. Apparently he'd forgotten that he stole some of those games from a GameStop in the first place. Oops.

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GameStop Reports 10 Percent Increase in Net Income

March 24, 2011 -

GameStop is reporting a 10 percent increase in net income for the fourth quarter of 2010, citing robust holiday sales of hardware and accessories such as Kinect. Fourth-quarter net income was $237.8 million, up from $215.9 million in the same period a year ago. Quarterly revenue was up 6 percent to $3.69 billion.

Sales of new game hardware accounted for 21.2 percent of GameStop's overall revenue, up from 20.9 percent in the fourth quarter of the previous year. Hardware contributed 7.2 percent to overall gross profit, compared to 5.5 percent in 2009. Used games accounted for 21.8 percent of total net sales and 44.2 percent of gross profit.

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Robbery, Family Style

March 17, 2011 -

The family that steals together.. goes to jail together. At least that is what has happened to two York County, South Carolina men were finally nabbed for robbing businesses in both North and South Carolina. According to a joint press release issued by the York County Sheriff’s Office and Shelby Police Department, two men have been arrested for "commercial" robberies: 18-year-old Shawn Douglas Hefner and 29-year-old Thomas Douglas Barr. Shawn's father, 37-year-old Douglas Scott Hefner, is still at large and wanted on several warrants.

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Gamestop Targeted by Class Action Lawsuit

March 2, 2011 -

U.S. retailer GameStop has been targeted by a class action lawsuit alleging it obtained and recorded personal information about its customers without their express consent. The main plaintiff in the case is Melissa Arechiga of Alameda County California. Her attorneys allege that GameStop illegally recorded her name, credit card number, and personal identification information (PII) following a shop purchase. The thrust of the lawsuit is that GameSpot regularly uses PII from customers to derive additional personal information, including residential addresses.

"Such conduct is performed intentionally and without the knowledge or consent of the cardholder, and is of potentially great benefit to [GameStop]," reads the suit.

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Atlanta GameStop Murder Suspects Will Not Face Death Penalty

January 31, 2011 -

Suspects in a 2010 robbery that lead to the murder of a GameStop customer will not face the death penalty, according to the Rockdale Citizen. Three Atlanta men were robbing a GameStop in November of last year when the victim, 40-year-old Adrian Snow of Stone Mountain, entered the store. He was immediately shot by one of the defendants and was killed instantly. The men were later apprehended and face a litany of charges.

The men arrested were 27-year-old Giovannte Maddox, 25-year-old Tron Lamar Hill, and 17-year-old Markus Isiah Seymore. The men were charged with "malice murder," felony murder, three counts of armed robbery, two counts of aggravated assault, two counts of kidnapping, two counts of obstruction of a law enforcement officer and possession of a firearm during the commission of a crime. Hill faces an additional charge - possession of a firearm by a convicted felon.

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Texas Man Held on $25K Bond For GameStop Robbery

December 23, 2010 -

A man who robbed a GameStop in Weslaco, Texas at knifepoint is now behind bars after Action 4 News viewers spotted him and turned him in. The men fled the scene after the robbery but security cameras captured his image making it easier for police to eventually track him down - with the help of tips from the public. Police said that Treviño is accused of robbing the GameStop off Expressway 83 at around 12:30 p.m. on Tuesday.

Weslaco police arrested 22-year-old Rogelio Treviño III of Mercedes on an aggravated robbery charge on Wednesday morning. GameStop employees told police that Treviño walked into the store, picked out two games, and went to the counter. At this point, he threatened the clerk with a knife and demanded money.

Treviño appeared before a Weslaco municipal judge early Wednesday afternoon where he was held on a $250,000 bond.

Source: valleycentral.com

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Bronx GameStop Bandit at Large

December 8, 2010 -

Bronx police say that they have identified the man they suspect of robbing three businesses in the Bronx. David Piparo, 48, of City Island, is wanted for his involvement in a failed robbery at the We Buy Gold pawnshop on Bruckner Boulevard November 10, and two GameStop stores located at 43 Westchester Square and 2163 White Plains Rd.

Police allege that Piparo "brandished a black handgun" in all three robberies, but did not say what (if anything) was taken from the stores. He enjoys long walks in the park, wine tasting and fleeing on foot after committing robberies.

Piparo is described as 5-foot-10, 195 pounds, with brown hair, hazel eyes, a scar under one eye, and multiple tattoos.

Source: Bronx Network


Game Informer is Pretty Popular..

December 1, 2010 -

Game Informer Magazine is apparently the seventh most popular magazine in the United States, hanging out with such brand name rags as Time and Cosmopolitan. This is according to data gathered by media research firm BurrellesLuce, who found that GI had a circulation of 4,364,170, up 800,000 from 3,564,170 in 2009.

The secret formula for the magazine's success is pretty obvious: GameStop. A 12-month subscription to GI is given away when making purchases with a GameStop card. Still, bought, given away, or jammed under a hotel door like a pamphlet on Jesus, GI is out there.

Source: BurrellesLuce by way of GI.biz

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GameStop Announces PickUp@Store

November 13, 2010 -

GameStop announces the launch of its new PickUp@Store service. This new program is free to use and allows customers to pick out the games they want online at www.GameStop.com, select a store of their choice that has the game in stock, place a hold on the game and pick it up as soon as that same day. One wonders why it took GameStop so long to figure out that consumers would want this kind of service, but better late than never.

PickUp@Store works as follows:

 

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Confessions of a Former GameStop Employee

October 27, 2010 -

The Escapist has the first part of a two-part feature from Reviews on the Run co-host Scott Jones about what it is like to be a GameStop employee. The first part of the article describes the culture inside GameStop and offers some "inside baseball" moments including what the employee calls "gutting." Here is a taste:

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Who is Greener, Activision or EA?

October 19, 2010 -

Newsweek has released its annual list of how the top 500 largest publicly traded companies in America rank in terms being environmentally friendly.

Electronic Arts clocked in at number 378 on this year’s Green List (it was number 381 last year), while Activision Blizzard took 391st on the list, improving from last year’s ranking of 416.

On the retail side, Office Depot grabbed the highest Green ranking, coming in at number 18 overall, followed by Wal-Mart (#51), Target (#61), Best Buy (#86), Amazon.com (#162) and GameStop (#318).

Dell came in first overall on the list, with Hewlett-Packard, IBM, Johnson & Johnson and Intel rounding out the top 5.

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GameStop Stores on Military Bases Won’t Sell MOH

September 2, 2010 -

GameStop announced today that "out of respect for our past and present men and women in uniform we will not carry Medal of Honor in any of our AAFES based stores". AAFES, the Army and Air Force Exchange Service, is responsible for commercial sales on military posts and often includes outside vendors such as GameStop.

Based on the language reported by Kotaku, it appears that the request actually came from AAFES and is simply being honored by GameStop. From the email to GameStop employees earlier today, "GameStop fully supports AAFES in this endeavor and is sensitive to the fact that in multiplayer mode one side will assume the role of Taliban fighter."

Rapid Online Discounting of Madden NFL 11 Raises Eyebrows

August 18, 2010 -

In a strange move, online retailers GameStop and Amazon have already instituted dramatic price reductions on Electronic Arts’ Madden NFL 11, which has been out for barely over a week.

Michael Comeau, a columnist for Minyanville, noticed the price drops and dubbed the actions “worrisome” due to their timing—according to his recollection, while Amazon typically is a quick discounter, it didn’t adjust the price of last year’s Madden game until 20 days after release.

On Amazon, the 360 version of Madden NFL 11 is now $49.99, a $10 drop, while the Wii version had $3 knocked off to $46.99 and the PlayStation 2 entry received a $7 reduction to $32.99. The PlayStation 3 version is still full price ($59.99).

GameStop matched Amazon’s discounts on the 360, Wii and PlayStation 2 versions of Madden NFL 11 and went two better, knocking $10 off the PlayStation 3 game and $7 off the PSP version, which now sells for $32.99. (GameStop's discounted prices are applicable online only, not in-store)

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Louisiana's GameStop Bandit Given 40 Years

August 17, 2010 -

A 29-year old who robbed at least four GameStop stores last year in Louisiana was sentenced to 10 years for each incident, giving him a total of 40 years in prison.

Gregory Reaux (pictured) was an ex-GameStop employee, who was fired from the videogame retailer in 2008 for “improperly using employee discounts and store deals,” according to NOLA.com. A graduate student, Reaux robbed the GameStops armed with a box cutter while wearing a “cut shirt sleeve as a mask.” He reportedly absconded with several thousand dollars from the robberies, along with “various merchandise.”

An earlier story detailing Reaux’s arrest put the tally of robbed stores at six, in the towns of Slidell, Jefferson Parish, Hammond, Walker and Denham Springs, Noting that he had not yet robbed a store in Mandeville, officers staked out the local GameStop and promptly busted Reaux as he was preparing to commit his next crime.

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GameStop Acquires Kongregate

July 27, 2010 -

Will the independent spirit of Kongregate be crushed now that GameStop owns them? I certainly hope not, but it's a distinct possibility. Video game retailer GameStop announced this morning that it has acquired the popular indie gaming and community site for an undisclosed amount of money. GameStop probably sees this as "getting ahead of the curve" when it comes to digital distribution and Kongregate certainly has a micro-transaction system and enough community features to make it worth buying.

But many Kongregate users go there because the bulk of the gaming nirvana that it supplies is independent in nature. Still, if you watch this video you can't help but be optimistic.. Jim and Emily Greer, Kongregate co-founders and brother and sister super duo, will retain creative control over the site - which will become a wholly owned subsidiary of GameStop. The Kongregate offices in San Francisco will remain open.

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GameStop CEO:We Want To Be a Gaming Platform

July 20, 2010 -

GameStop's new CEO, Paul Raines, imagines a GameStop web site that is more of a platform than an online retail space. In an interview with The Street, Raines said that he sees a future where the company's official website becomes "a multi-channel aggregator for gaming." buying content no matter what platform they enjoy - "mobile, console or any other platform."

But Raines concedes that U.S. consumers are slow to migrate to online sales of boxed and digital content. The biggest challenge, he claims, is consumer education. He also noted that Netflix is the model they are looking at as they formulate a strategy to create a one stop gaming platform:

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Retailer and Tech Developer Battle Over Used Games

July 13, 2010 -

At the ongoing Develop Conference in the UK, a representative from GameStop Sweden and the CEO of a new company attempting to make games as easy to play and share online as YouTube videos got into a bit of a dustup over used games.

GamesIndustry.biz details the flare-up between GameStop’s Niall Lawlor and InstantAction chief Louis Castle. Lawlor told Castle that the used game business helps GameStop preserve its margins, but that, “We don't like being in the used business, it's very difficult to manage.”

Lawlor said that without used game sales, GameStop would not be in business.

Castle answered that selling used games would quicken the demise of brick-and-mortar stores, adding, “While you're preserving some margins, used is accelerating changes. He continued, "I can see the train wreck, it's coming. Pretty soon everyone is losing money. Used is accelerating the decline of profitability for publishers. The oxygen is being sucked out of the room.”

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Indie Store Owner Continues Anti-Online Pass Fight

June 1, 2010 -

While you (and I) were enjoying the Memorial Day weekend, the owner of an independent videogame store in Columbus, Ohio recorded and uploaded a new YouTube video in which he further assails the  Online Pass initiative of Electronic Arts.

EA’s measure, for the uninitiated, would tie online gameplay to codes that come with select new titles, meaning that purchasers of used games, which feature Online Pass, would need to shell out $10.00 for a new code in order to play online.

Indie Game Store Owner Anti-Online Pass

May 24, 2010 -

While GameStop might be on board with it, the owner of a Columbus, Ohio independent videogame store (Level One Games) is “completely appalled” at Electronic Arts’ Online Pass and claims the introduction of the measure is “about destroying the buy, sell, trade business.”

EA's initiative will see new games come with one-time use codes for online play. Anyone who purchases a used game that features Online Pass will need to pony up $10 in order to access online features.

The owner outlines his take on how EA’s Online Pass will affect his business and consumers, saying “I have to assume that most businesses, knowing that you’re going to have to pay an extra $10 to buy an Online Pass for that game, are going to give less in trade and sell the games for less used. At least that’s the way I would do it.”

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Ubisoft Eyes EA's Used Games Initiatives

May 19, 2010 -

And so it begins. French publisher Ubisoft said during its Tuesday earnings call that it is closely watching EA's "$10 solution" to monetize used games. Ubisoft Chief Financial Officer Alain Martinez told conference call participants that Ubisoft "will probably follow that line at sometime in the future." He added that most of the games that the company plans to release next year will "have downloadable content available from the start."

EA's initiative to monetize used game sales is called "Project $10" and the basic idea is to get consumers who buy a used copy of a game at places like Gamestop to spend extra money one a $10 one-time code to get additional content that is basically free to those who buy that same game new.

But EA is even more aggressive when it comes to its sports titles; the company announced "Online Pass," which would charge used game buyers $10 purchase a one-time code and unlock online play in sports titles like Madden, Tiger Woods, NCAA Football, and more. Again, those who purchase a new game will be able to use a code that comes with the game.

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Used Game Specialist Reaps Large Revenues in Q1

May 19, 2010 -

Profits from used games continue to fuel Maryland-based Game Trading Technologies, Inc. (GTTI).

The company, who we took a look at earlier this year, specializes in acquiring and redistributing used games, and also offers technology—billed as a “game trading engine”—which provides real-time, dynamic pricing for used games and consoles. GameStop, Wal-Mart, Best Buy, Blockbuster, 7-Eleven, Toys“R”Us, eBay, and GameFly are among GTTI’s customers.

The company released first quarter results for the three months ending March 31, 2010 and revenue rose to $11.4 million, up 37% from the $8.3 million reported in the same quarter one year earlier. First quarter gross profit was pegged at $1.98 million, also up 37% from the previous year’s $1.44 million.

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GameStop Fired RapeLay Commenter to Save $$, Stop Boycotts

May 12, 2010 -

A GameStop employee fired for discussing piracy and RapeLay in a college newspaper says that he was canned in order to avoid costing the videogame retailer “millions of dollars.”

Derek Littlejohn told Kotaku that following publication of The Globe article, his District Manager was contacted by a GameStop Vice President, who said he was getting calls about an article in the Globe, which the VP thought alluded to the British tabloid of the same name. Littlejohn’s manager told him that he was fired because “people were threatening to boycott and picket GameStop, which would cost the company millions of dollars.”

Littlejohn indicated that the author of the Globe piece, Ann Straub, was a friend of his, but that he “Didn't know she was gonna cite me as an employee of Gamestop, which is what they were able to use as for firing me…”

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GameStop Employee Canned for RapeLay Comments?

May 10, 2010 -

Being interviewed for an article on RapeLay may have cost a GameStop employee his job.

GameStop employee Derek Littlejohn was interviewed for a piece on the controversial game which ran in the Point Park University publication The Globe. Littlejohn was quoted in the story stating, “I’ve both heard about and played RapeLay myself, and I find it as nothing more than a game.”

Littlejohn went on to offer some theories on Japanese culture before discussing banned games, saying, “It’s relatively easy to pirate these games, when all one has to do is type in the name of what they want and add ‘torrent.'" He added, "Usually, some sort of link turns up.”

GameRant claims LittleJohn, employed for about two years by GameStop in Oakland, was fired shortly after the article was published.

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Lawsuit Targets GameStop over “Free” DLC

March 26, 2010 -

A gamer has launched a class action suit against GameStop over what he deems deceptive practices in the retailer's used games sales.

Plaintiff James Collins purchased a used copy of Dragon Age: Origins from a GameStop in Hayward, California according to a story on IGN. The game’s box art advertised that free content could be downloaded for the game, but of course the original owner of the title had already redeemed the free downloadable content, leaving Collins out of luck.

Collins, who paid $54.99 for the used game, saved about $5 off the list price of a new copy, then found out he could pay buy the extra content for $15, leaving him $10 poorer than if he had originally purchased a new copy of the game.

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A Look Inside the Profitability of Used Games

March 17, 2010 -

If any doubt remains about how lucrative the used videogame market is, news from a company that specializes in the field should remove such misgivings.

A Maryland-based company called Gamers Factory completed a public stock swap with City Language Exchange in late February, while simultaneously executing a private placement with investors that netted the company $3.9 million. The merged company now operates under the name of Game Trading Technologies and is public, trading under the symbol GMTD on the OTC Bulletin Board.

Armed with the new funds, Game Trading Technologies just acquired more than 320,000 used videogames and accessories from a “national retail firm.”

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PHX Corphttp://www.neogaf.com/forum/showpost.php?p=176931667&postcount=12 although it's a little late, a comic strip on neogaf about the "release it now, patch it later" culture08/30/2015 - 7:37am
Papa MidnightBack to when, RedMade? A week ago? (seriously, though...)08/30/2015 - 1:55am
RedMageOh hey, a news station is trying to scapegoat gaming. That takes me back. https://twitter.com/GamingAnarchist/status/63754361236507443208/29/2015 - 1:40pm
Big PermA link to TB twitter with Matt Lees in the replies - https://twitter.com/Totalbiscuit/status/52528604482949939208/29/2015 - 12:16pm
Brad GlasgowWhy would he say the company lies about getting abuse? Oh, because people don't abuse GG?08/29/2015 - 10:38am
Big PermBrad - Matt Lees was also quick to say the company "Gamers Gate" lies about getting abusive messages thinking they were an official GG channel08/29/2015 - 9:11am
Goth_SkunkMGSV: The Phantom Integrity - A Rant by RazörFist. (NSFW on account of language). RazörFist discusses the latest batch of unethical journalist conduct, with a caveat. - http://ow.ly/RwXYT08/29/2015 - 7:10am
Goth_Skunk@Brad: I can.08/29/2015 - 6:13am
Goth_SkunkI assume "Stacy" is a pseudonym. After reading what she went through, I would not be one bit surprised if it is.08/29/2015 - 6:13am
Goth_SkunkA Year of #GamerGate: From Neutral To Anti To Neutral To Pro by "Stacy" - http://ow.ly/RwVeT08/29/2015 - 6:12am
Brad GlasgowI can't believe Matt Lees deleted his positive review of Ethan Carter because Chmielarz is sympathetic to GG.08/29/2015 - 5:30am
Goth_SkunkA GameDev's Year With #GG: The Good, The Bad, and The Ugly by Adrian Chmielarz - http://ow.ly/RwSCd08/29/2015 - 5:18am
Goth_SkunkDespite not being a fan of fighting games I had to check out that R Mika trailer. Loved it. Still won't buy the game though, on account of Isuckatstreetfighteritis.08/29/2015 - 2:42am
MechaCrashI use a Dynex DX-840 headset, but it's discontinued. :( I wanted a mono headset so I could keep the other ear free for my speakers, but it has the bonus of being very light and comfortable, so you don't notice it.08/29/2015 - 12:41am
Big PermSora - I was just having a slow day at work earlier. Now I'm home with vidya!08/28/2015 - 7:54pm
ZippyDSMleeSora-Chan: Blender is easy compared to 3Dmax :P08/28/2015 - 6:51pm
Sora-Chantime to take up a hobby? maybe messing around in GIMP to make wallpapers? use qCAD to design somethin? open Blender and stare at it for a couple hours trying to figure what does what?08/28/2015 - 6:41pm
Big PermAlso, yes. I've been spamming the shoutbox. I don't have much going on today, don't judge me08/28/2015 - 3:25pm
Big PermThanks, but yeah. Not sure I wanna drop that kind of cash :P I don't even mind the sound quality of my krakens, it just hurts to wear em after a couple hours.08/28/2015 - 3:25pm
Sora-Chan@Big Perm: I'm a bit of a fan of the Omega Recon3D headset from SoundBlaster. Though it is a bit expensive.08/28/2015 - 2:36pm

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