Business News

News: Whoa, Sony Is Selling All of Its 9,520,000 Shares in Square Enix

Whoa, Sony Is Selling All of Its 9,520,000 Shares in Square Enix

A lightning sale

Here's an odd one: Sony Computer Entertainment has recently announced that it has decided to sell its 9,520,000 shares in Square Enix to Japanese financial company SMBC Nikko Securities. The sale will furnish the firm with a flabbergasting ¥4.7 billion ($47 million) of wallet-filling financial gains. While it's certainly not going...

News: Looks Like Sony's Getting Ready to Release the PS4 in China

Looks Like Sony's Getting Ready to Release the PS4 in China

New opportunities

Now that China no longer considers consoles to be the spawn of Satan, it seems that Sony is stepping up its plans to release the PlayStation 4 in the potentially lucrative region. Previously, the nation put in place a ban on home systems, blocking their sale due to the perceived impact that they could have on youngsters. However,...

Weirdness: Developer Marvelous AQL's New Logo Certainly Makes an Impact

Developer Marvelous AQL's New Logo Certainly Makes an Impact

For better or for worse

While many developers are worshiped by an army of dedicated fans, others are met with humble logo recognition while players hammer at the start button waiting for a main menu to appear. Marvelous AQL, the developer of niche titles such as New Little King's Story and co-developer of the grotesque Soul Sacrifice, may fall into...

News: The Developer of Strider's PS4 Reboot Just Got Bought by, Er, Amazon

The Developer of Strider's PS4 Reboot Just Got Bought by, Er, Amazon

What the blades?

Double Helix Games is a developer that’s on the rise. Or at least, it was. Having dallied around with awful movie tie-ins such as G.I. Joe: Rise of the Cobra and Battleship, the company – made up of former Foundation 9 employees – got the opportunity to flex its creative muscles with Microsoft’s recent Killer Instinct...

News: Blimey, PS Plus Subscriptions Have Tripled Since the PS4's Launch

Blimey, PS Plus Subscriptions Have Tripled Since the PS4's Launch

Triple the fun

PlayStation Plus may just be the best thing since sliced bread. Ok, not really – Resogun is obviously the best thing since sliced bread. But the premium subscription service comes in at a very close second, providing core gamers with a way to get more out of their expensive consoles. And it seems that the public at large mostly...

News: Sony Santa Monica Aiming to Encourage Collaboration in Colossal New Office

Sony Santa Monica Aiming to Encourage Collaboration in Colossal New Office

Expanding workforce in the process

The sunny Californian city of Santa Monica may be right at the heart of God of War creator Sony Santa Monica’s name, but the first-party developer has outgrown its current home and is moving south to Playa Vista this summer. The news comes on the back of a massive recruitment drive, which the studio hopes will...

Weirdness: Sony Plans to Buy a Factory That Produces Parts for the Wii U

Sony Plans to Buy a Factory That Produces Parts for the Wii U

Wii U expecting that?

Sony has recently finalised its plans to purchase a new semiconductors factory, reports Japanese national TV channel NHK. What makes this acquisition slightly more interesting, however, is that the plant in question is most notable for producing the DRAM chip for the Nintendo Wii U. Our beloved Japanese giant plans to plonk ¥7...

News: Ubisoft Casts Assassin's Creed IV's Uplay Passport Overboard

Ubisoft Casts Assassin's Creed IV's Uplay Passport Overboard

Fish food

Online passes have been more or less ditched by all of the industry’s major publishers at this point, but Ubisoft curiously opted to cling onto the outdated practice for Assassin’s Creed IV: Black Flag. Fortunately, following an inevitable online backlash, the publisher has decided to force the title's controversial unlock key to walk...

News: Sony Slips Out of Profitability, Adjusts Annual Profits Forecast

Sony Slips Out of Profitability, Adjusts Annual Profits Forecast

Holding out for a Hirai

Sony’s brief period of profitability came to a cruel conclusion with its second quarter financial report earlier today, as it posted a net loss of ¥19.3 billion ($197 million) for the period spanning July to September. The company had previously recorded profits of ¥3.5 billion ($35 million) in the first quarter of 2013,...

News: Sony Reckons That $399 Is the 'Magic Price' for PS4

Sony Reckons That $399 Is the 'Magic Price' for PS4

It's hard to disagree, isn't it?

PlayStation 4 pre-orders are staggeringly high. Back at GamesCom in August, manufacturer Sony announced that it had already accrued one million deposits for its next generation console – and Wedbush Securities analyst Michael Pachter now believes that the number has surpassed 1.5 million. But what’s been the...

News: Wait, So SEGA Now Owns Persona Developer Atlus?

Wait, So SEGA Now Owns Persona Developer Atlus?

Yes, it does

SEGA has tossed a big pile of cash at the feet of troubled holding group Index Corporation, and purchased Persona developer Atlus in the process. The company’s been sniffing around the flagging firm for some time, but won an auction to buy the bankrupt company in a deal estimated at around ¥14 billion ($140 million). According to...

News: Sony Prefers to Partner with Third-Party Titles That Are 'New and Fresh'

Sony Prefers to Partner with Third-Party Titles That Are 'New and Fresh'

The company's Destiny

Take a quick glance at the Xbox One’s lineup, and you’ll see timed exclusive content coming out of the console’s ears. Microsoft has partnered with titles such as Battlefield 4, FIFA 14, and Call of Duty: Ghosts, whereas Sony has been a little quieter in this department. That doesn’t mean that it’s not out striking...