Business News

News: Sony CEO Kaz Hirai Is Absolutely Raking in the Cash

Sony CEO Kaz Hirai Is Absolutely Raking in the Cash

Exec's salary more than doubles

According to Variety, ex-PlayStation president and current Sony CEO Kaz Hirai received a salary of $4.9 million for the fiscal year which ended 31st March – more than double his compensation from the previous year. It's the most the company has paid to a CEO since the firm was forced to reveal the wages of its top...

E3 2016: Attendance Drops as E3 2017 Is Dated

Attendance Drops as E3 2017 Is Dated

Ready to go again?

Whether you enjoyed E3 2016 or not, we're going to do the whole damn thing all over again next year. The ESA has confirmed that E3 2017 – we suppose we better get the tag ready – will run between 13th June and 17th June in 2017, which is more or less identical to this year's show. That's despite attendance for this year's...

News: Disney Infinity Dumped as Avalanche Software Shuttered

Disney Infinity Dumped as Avalanche Software Shuttered

Company will license out brands

Disney Interactive is exiting the video game business for what feels like the umpteenth time. The publisher has announced today that it will no longer self-publish console titles, meaning that it's shuttering Avalanche Software and ditching toys-to-life release Disney Infinity. The latter will result in around 300...

News: Sony Has Now Shipped a Staggering 40 Million PS4 Consoles

Sony Has Now Shipped a Staggering 40 Million PS4 Consoles

Beast mode

PlayStation helped propel Sony to a very profitable financial year, with the company's operating income up 329 per cent to ¥294.2 billion (~$2.7 billion). The company's gaming division played a huge part in that, its own sales up 11 per cent, with profits doubling to ¥‎88.7 billion (~$819 million). For a snapshot of just how well...

News: Sony Computer Entertainment Officially Rebrands As Sony Interactive Entertainment

Sony Computer Entertainment Officially Rebrands As Sony Interactive Entertainment

Not an April Fools' joke

Yes, it's still 1st April in some parts of the world – though the period of pranks is surely over globally at this point – but the formation of Sony Interactive Entertainment is no joke. You may remember us reporting on this a few weeks ago – well, now the deed is done, the documents are signed, and the new logo is...

News: Sony's Doing Pretty Darn Well at the Moment

Sony's Doing Pretty Darn Well at the Moment

Company smashes earnings expectations

For a huge chunk of this site's life, we've reported on Sony's financial losses. You could guarantee that each quarter without fail, the firm would be in the red. But ever since Kaz Hirai took the helm, the company's trajectory has started to change. And, while it's nowhere near the juggernaut that it once...

News: Konami: Metal Gear Solid Can Continue without Kojima

Konami: Metal Gear Solid Can Continue without Kojima

Company's not ditching consoles, apparently

Metal Gear Solid V: The Phantom Pain is very likely the last game in the series from Hideo Kojima, and it could be the final entry in the franchise full stop. However, speaking with Game On Daily at EGX 2015 last week, community manager Graham Day stressed that the company's committed to continuing the...

News: It Looks Like Digital Is the Future for Capcom 

It Looks Like Digital Is the Future for Capcom 

Publisher expects digital sales to take off

The digital versus retail discussion has been dragging on for years now, but Japanese publisher Capcom is expecting to see an undeniable turn towards the former in the near future. The company reckons that digital sales will count for the majority of its overall unit sales in the fiscal year ending March...

News: PS4 Takes Centre Stage in Sony's Big New Three Year Strategy

PS4 Takes Centre Stage in Sony's Big New Three Year Strategy

Growth driver

It's been obvious for a while, but Sony will continue to bet on the PlayStation 4 to put it back in the black. As part of a corporate strategy meeting earlier this week, the Japanese giant labelled its gaming business as a "growth driver", and recognised it as pivotal in its ambition of raising ¥500 billion ($4.2 billion) in earnings...

News: Colossal PS4 Sales Propel Struggling Sony to Profitability

Colossal PS4 Sales Propel Struggling Sony to Profitability

Job done

If you wondered why Sony was doubling down on PlayStation across the board, then its financial report for the quarter ending 31st December should give you some idea. According to data released by the Japanese giant overnight, the company turned a rare profit over Christmas – aided significantly by staggering PlayStation 4 sales numbers...

News: Sony Online Entertainment Drops PlayStation Exclusivity as Part of Acquisition

Sony Online Entertainment Drops PlayStation Exclusivity as Part of Acquisition

Now named Daybreak Game Company

Who wants a bombshell to shake them out of their Monday slumber? Sony Online Entertainment, the company behind EverQuest, has announced that it has been acquired by a New York-based investment company named Columbus Nova, meaning that the internally founded outfit will be going multiplatform in the future. The...

News: Starbreeze Studios Sells Off Brothers: A Tale of Two Sons to 505 Games

Starbreeze Studios Sells Off Brothers: A Tale of Two Sons to 505 Games

A new chapter

Ask anyone who has played Brothers: A Tale of Two Sons and they'll tell you that it's a fascinating adventure that culminates with an emotional punch to the gut. Future sequels were hardly implied by this standalone indie title, however, but developer Starbreeze Studios has announced that it has handed the property over to publisher...