Amazon's Video Game Business Suffers Another Big Setback

Amazon (NASDAQ: AMZN) recently canceled its Lord of the Rings video game, which was intended to be a free-to-play massively multiplayer online role-playing game (MMORPG).

Amazon initially partnered with Leyou Technologies, a Chinese game developer, to develop the game two years ago. However, Chinese tech giant Tencent (OTC: TCEHY) bought Leyou for $1.5 billion last December, which reportedly sparked contract disputes that led to the game's cancellation.

Let's see why Amazon wanted to publish a Lord of the Rings game, why it's scrapping the project, and what this setback could mean for its gaming ambitions.

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Source Fool.com