Month: March 2014

Candy Crush Saga: On the One Hit Wonder in Gaming Apps

readingbyeugene Leave a comment

This is a very smart take from James Surowiecki on the one-hit wonder game “Candy Crush Saga,” which is propelling the maker of the gamer, King Digital Entertainment, to file for an IPO:

In its I.P.O. filing, King claims that a “unique and differentiated model” for developing games will enable it to create new hits, and plenty of analysts believe that King has cracked the code of hooking consumers. But that’s unlikely. The world of pop culture contains many more one-hit wonders than hit factories. After all, luck plays a huge role (is there really a good explanation for the hula-hoop frenzy of the fifties?), and, more fundamentally, serial innovation is just tough: studies suggest that most new products fail. In the gaming industry, success has always been highly unpredictable. Parker Brothers, according to a history of the company, found that there was no secret formula: products that tested well often flopped in the marketplace, while “an in-house flop could become the hit of the industry.” It says something that King, which has been making games for a decade, had profits of just $7.8 million in 2012. The company didn’t make eighty times more in 2013 because it had cracked a code; it just caught lightning in a bottle.

If you read King Digital Entertainment’s F-1 carefully, you’ll notice this statement:

Our top three games accounted for 94% of our gross bookings in 2013. This compares to 61% of our gross bookings in 2012. As we continue to launch new games, we anticipate that the concentration of gross bookings across our top games will decline.

Those top three games are Candy Crush Saga, Pet Rescue Saga and Farm Heroes Saga. All of those games sound like a fad, as evidenced by this statement:

Gross bookings in the quarter ended December 31, 2013 slightly declined compared to the quarter ended September 30, 2013. The decline was driven by a decrease in Candy Crush Saga gross bookings, which was mostly offset by an increase in gross bookings across all of our other games. This growth in the other games was driven by a further diversification of our portfolio in the mobile channel as we released more games on that channel in the middle and later part of 2013.

I think, as an individual investor, you’d have to be a fool to buy into this IPO. The word “decline” appears 35 times in the F-1. But you can’t blame the owners for wanting to cash out quickly.

 

On People Who Don’t Derive Pleasure from Music

readingbyeugene Leave a comment

A recent study has found that some people don’t derive much (or any) pleasure from listening to music, compared to other worldly pleasures (such as money). From the study’s abstract, describing this as specific musical anhedonia:

Music has been present in all human cultures since prehistory, although it is not associated with any apparent biological advantages (such as food, sex, etc.) or utility value (such as money). Nevertheless, music is ranked among the highest sources of pleasure, and its important role in our society and culture has led to the assumption that the ability of music to induce pleasure is universal. However, this assumption has never been empirically tested. In the present report, we identified a group of healthy individuals without depression or generalized anhedonia who showed reduced behavioral pleasure ratings and no autonomic responses to pleasurable music, despite having normal musical perception capacities. These persons showed preserved behavioral and physiological responses to monetary reward, indicating that the low sensitivity to music was not due to a global hypofunction of the reward network. These results point to the existence of specific musical anhedonia and suggest that there may be individual differences in access to the reward system.

The study focused on recruiting college students, so I am not sure if the generalizations of the study can apply to people younger or older than the sample. Perhaps our affinity toward enjoying music changes with age?

###

(via The Verge)

On Rashard Mendenhall’s Decision to Retire from the NFL at Age 26

readingbyeugene Leave a comment

After six years in the NFL, Rashard Mendenhall has decided to retire at the young age of 26. In this post, he explains his reasoning:

So when they ask me why I want to leave the NFL at the age of 26, I tell them that I’ve greatly enjoyed my time, but I no longer wish to put my body at risk for the sake of entertainment. I think about the rest of my life and I want to live it with much quality. And physically, I am grateful that I can walk away feeling as good as I did when I stepped into it.

The most interesting part of the essay were Rashard’s thoughts on how the game of football has evolved:

What was more difficult for me to grasp was the way that the business of entertainment had really shifted the game and the sport of football in the NFL. The culture of football now is very different from the one I grew up with. When I came up, teammates fought together for wins and got respect for the fight. The player who gave the ball to the referee after a touchdown was commended; the one who played through injury was tough; the role of the blocking tight end was acknowledged; running backs who picked up blitzing linebackers showed heart; and the story of the game was told through the tape, and not the stats alone. That was my model of football.

Today, game-day cameras follow the most popular players on teams; guys who dance after touchdowns are extolled on Dancing With the Starters; games are analyzed and brought to fans without any use of coaches tape; practice non-participants are reported throughout the week for predicted fantasy value; and success and failure for skill players is measured solely in stats and fantasy points. This is a very different model of football than the one I grew up with. My older brother coaches football at the high-school and youth level. One day he called me and said, “These kids don’t want to work hard. All they wanna do is look cool, celebrate after plays, and get more followers on Instagram!” I told him that they might actually have it figured out.

Wishing him the best.

The Amtrak Residency Program is Now Official

readingbyeugene Leave a comment

It began with an interview in PEN in December 2013, in which author Alexander Chee declared “I still like a train best for this kind of thing. I wish Amtrak had residencies for writers.”

Last month, writing in The Paris Review, Jessica Gross blogged about a trial run on an Amtrak train, exploring the concept of the writer’s residency:

I am in a little sleeper cabin on a train to Chicago. Framing the window are two plush seats; between them is a small table that you can slide up and out. Its top is a chessboard. Next to one of the chairs is a seat whose top flips up to reveal a toilet, and above that is a “Folding Sink”—something like a Murphy bed with a spigot. There are little cups, little towels, a tiny bar of soap. A sliding door pulls closed and locks with a latch; you can draw the curtains, as I have done, over the two windows pointing out to the corridor. The room is 3’6” by 6’8”. It is efficient and quaint. I am ensconced.

I’m only here for the journey. Soon after I get to Chicago, I’ll board a train and come right back to New York: thirty-nine hours in transit—forty-four, with delays. And I’m here to write: I owe this trip to Alexander Chee, who said in his PEN Ten interview that his favorite place to work was on the train. “I wish Amtrak had residencies for writers,” he said. I did, too, so I tweeted as much, as did a number of other writers; Amtrak got involved and ended up offering me a writers’ residency “test run.” 

This weekend, Amtrak formally announced the Amtrak Residency program and is encouraging writers to apply. They will pick up to 24 writers to join the program:

#AmtrakResidency was designed to allow creative professionals who are passionate about train travel and writing to work on their craft in an inspiring environment. Round-trip train travel will be provided on an Amtrak long-distance route. Each resident will be given a private sleeper car, equipped with a desk, a bed and a window to watch the American countryside roll by for inspiration. Routes will be determined based on availability.

Applications will be accepted on a rolling basis and reviewed by a panel. Up to 24 writers will be selected for the program starting March 17, 2014 through March 31, 2015.  A passion for writing and an aspiration to travel with Amtrak for inspiration are the sole criteria for selection. Both emerging and established writers will be considered.

Residencies will be anywhere from 2-5 days, with exceptions for special projects.

Definitely worth a look!

On Competitive Running with Multiple Sclerosis

readingbyeugene 1 Comment

Multiple sclerosis has no cure, and yet, Kayla Montgomery, age 18, has found a way to persevere. She is a competitive track and medium distance runner and has been setting records. What’s unusual is that when she breaks her running stride at the end of the races, she collapses:

At the finish of every race, she staggers and crumples. Before momentum sends her flying to the ground, her coach braces to catch her, carrying her aside as her competitors finish and her parents swoop in to ice her legs. Minutes later, sensation returns and she rises, ready for another chance at forestalling a disease that one day may force her to trade the track for a wheelchair. M.S. has no cure.

Last month, Montgomery, a senior at Mount Tabor High School, won the North Carolina state title in the 3,200 meters. Her time of 10 minutes 43 seconds ranks her 21st in the country. Her next major competition is the 5,000 meters at the national indoor track championships in New York on March 14, when she hopes to break 17 minutes.

Kayla Montgomery, #4, racing.

Kayla Montgomery, #4, racing.

No pain, no gain. Amazing story.