Software publishers can rest easy, now that the Supreme Court has sided in their favor in a case that would have had a pronounced effect on their business.
In a 7-2 vote, the Supreme Court stood by an earlier federal appeals court decision to throw out a ban on the sale or rental of violent video games to minors in California.
Xbox Live parent Microsoft
The high-fives weren't universal. Retailer GameStop
In other words, only Take-Two seemed to truly move on the news. Was the ban nixing that expected? Probably. Investors are simply waiting for new catalysts to move the industry higher, though they surely must be hitting the pause button long enough to issue a sigh of relief.
Would you be a buyer or a seller of video game stocks here? Share your thoughts in the comment box below.
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Longtime Fool contributor Rick Munarriz will admit to still playing video games, though finding time is the rub. He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.