For many people, the original Pacman or Street Fighter are fond memories from their childhood.
But for Paul Kermizian, those classic games are a crucial part of his business.
Kermizian co-founded Barcade, a bar that combines 80s arcade games with craft beer. And it has been so successful, there are now multiple locations.
It all started off as a hobby.
“I had four games in my apartment, and I would just have parties. It would just be like four people all playing, people watching lined up,” Kermizian told Cheddar.
A lot of Barcade’s popularity is rooted in nostalgia. People across generations who visit the bar come together over their love of vintage games.
“I consider...these games...as their own work of art. Between the cabinet art and the game play, the design...for me they’re art,” said Kermizian.
For the full interview, [click here](https://cheddar.com/videos/barcade-founder-talks-the-ageless-appeal-of-beer-and-gaming).
The gaming industry has seen multiple large scales deals this month alone, including Microsoft's megadeal for Activision Blizzard. And, seemingly in response, rival Sony, picked up Bungie for $3.6 billion, a studio once owned by both Microsoft and Activision. The sector is reportedly on track to spend $150 billion on mergers and acquisitions just this year alone, a record-breaking total, according to investment firm Drake Star Partners. Michael Metzger, a partner at the firm specializing in technology, media, and communications, joined Cheddar to discuss the flurry of deals in the gaming space and what might be behind the hot M&A activity.
Ari Redbord, head of legal and government affairs and TRM Labs, joins Cheddar News to discuss why Facebook is ditching its crypto project and what that means for the space.
A virtual gathering in the online space, Decentraland, of Elvis Presley impersonators is looking to grab the Guinness World Record for most Elvis impersonators in one place after the record-keeping org recently approved the use of avatars as stand-ins for people.
Tesla reported record profits for an electric fourth quarter, but investors still have plenty of questions. The EV giant will not be releasing any new vehicles this year and provided no updates on its Cybertruck. Cheddar News was joined by Ed Butowsky, Chapwood Investments Managing Partner to go over Tesla's quarter and analyze its concerns going forward.
Julius De Kempenaer, Senior Technical Analyst at Stockcharts.com, joined Cheddar News to break down what led to Apple's massive quarter, and what the future may hold for the tech giant as competition with Microsoft ramps up.
