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Major companies such as Sony Computer Entertainment, Nintendo and EA officially pulled support for the Stop Online Piracy Act, which was created to "promote prosperity, creativity, entrepreneurship, and innovation by combating the theft of U.S. property, and for other purposes." The Act was introduced by the United States House of Representatives in October 2011 and has received massive backlash from a lot of people who argued that it is a threat to freedom of speech.
The legislation gives companies the power to slice revenue and shut down web sites at individual discretion. In addition it could be abused for censorship purposes.
The gaming giants withdrew not long after the hacking group Anonymous threatened to destroy Sony's network for supporting SOPA.
Mind you, it might be impertinent to mention that all three publishers are members of the Entertainment Software Association, which fully supports the bill. Also, Sony still supports the act through different music publishing arms (as reported by BI).
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