Corporate News

News: Sony Admits PS4 First-Party Lineup Is Looking a Little Sparse This Year

Sony Admits PS4 First-Party Lineup Is Looking a Little Sparse This Year

Firm's working hard with third-parties to fill the gap

Sony understands the importance of PlayStation 4 exclusives as it highlighted them in its investor relations presentation earlier today – but president Andrew House is well aware of the fact that the platform holder's first-party lineup is looking a little light this year. "Our first-party...

News: PS4 Sales Push Past 22.3 Million as Sony Plans Profits

PS4 Sales Push Past 22.3 Million as Sony Plans Profits

Holding out for a Hirai

Hacking scandals and closures caused Sony to sink to yet another $1.1 billion loss for the fiscal year that ended on 31st March, but the organisation is finally planning a profit for the 12 months ahead. The company expects to make a cool $1.2 billion for the coming business term, and while iPhone c

Rumour: Konami Power Struggle Leads to Hideo Kojima Craziness

Konami Power Struggle Leads to Hideo Kojima Craziness

War never changes

Just as we were going to press with our report on suggestions that Hideo Kojima has parted company with Konami, our friends at GameSpot posted a slightly more speculative article regarding the inner-happenings at the Japanese publisher. According to the site – via an anonymous source – a power struggle between the organisati

News: The Hunger Games' Lionsgate Makes a Large Investment in Telltale

The Hunger Games' Lionsgate Makes a Large Investment in Telltale

Studio planning 'super show'

Lionsgate, the film studio behind The Hunger Games, has announced that it's made a significant financial investment in The Walking Dead developer Telltale Games. While no new titles have been announced, it has been confirmed that the movie company's boss Jon Feltheimer will join the studio's board of directors. Former...

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: See, the Console Wars Don't Have to Be Mean

See, the Console Wars Don't Have to Be Mean

Just slimy instead

War never changes – unless, of course, they’re console wars. Ever since Sony dropped its anti-DRM bomb at E3 last year, both the Japanese giant and Microsoft have learned that the best way to ingratiate themselves to potential consumers is to act like their best friend. Every press conference now concludes with a message of...

News: Sony's Still Bleeding Money, But PS4's in Beast Mode

Sony's Still Bleeding Money, But PS4's in Beast Mode

Marathon sprint

The reason behind Microsoft’s temporary Xbox One price drop is looking clearer by the minute: Sony has now shipped 13.5 million PlayStation 4 consoles worldwide – and it hasn’t even been out a year yet. The company added 3.3 million units to the system’s total tally in the quarter spanning July to September, boosting game...

News: Despite PS4's Success, Sony Expects to Lose a Lot of Money Again

Despite PS4's Success, Sony Expects to Lose a Lot of Money Again

Just a few billion

Just when things were starting to look up for Sony chief Kaz Hirai, the sky has come crashing down again. The company has quadrupled the amount of cash that it expects to lose for the current financial year, this time blaming its smartphone business on the issue. It described the problem as “the impairment of goodwill in the...

News: Wow! Sony Gaffer Kaz Hirai Knows How to Take a Bucket of Icy Water

Wow! Sony Gaffer Kaz Hirai Knows How to Take a Bucket of Icy Water

Wet and smiles

Kaz Hirai may be a shrewd businessman, but he’s also quite a fun character. The current Sony chief executive – who worked his way up through the ranks at PlayStation – has taken the ice bucket challenge after being nominated by brand founder Ken Kutaragi, and, unsurprisingly, he deals with the arctic drenching like a boss...

Rumour: Minecraft Maker May Be Purchased by Microsoft for $2 Billion

Minecraft Maker May Be Purchased by Microsoft for $2 Billion

Good job they finished the PS4 version

Minecraft has already proven that it’s a pixelated license to print money, and Microsoft apparently wants the lucrative brand under its umbrella. A report on the Wall Street Journal states that the Redmond-based firm is in talks to purchase Mojang, the organisation behind the bricklaying game. According to...

News: PlayStation Boss Gets Punished for All of E3's Boring Bits This Year

PlayStation Boss Gets Punished for All of E3's Boring Bits This Year

This is for Powers

Regardless of whether or not you liked the content, Sony’s big Gamescom 2014 press conference was much better paced than its E3 2014 one. The folks at SCEE cut out all of the fat, and peppered the organisation’s media briefing in Cologne with trailers, announcements, and very little corporate gobbledygook. SCEA boss Shawn...

News: PlayStation Hardware Sales Leave Xbox in the Dust

PlayStation Hardware Sales Leave Xbox in the Dust

PS4 reverses firm's fortunes

It’s no real secret that the PlayStation 4 is a runaway success, and that’s been reflected by Sony’s latest hardware sales figures. In the platform holder’s most recent financial report, the company claims that its gaming business has seen a 95.7 per cent increase in revenue year-over-year, with the division...

Rumour: Google Gets Twitchy and Acquires Streaming Site for $1 Billion

Google Gets Twitchy and Acquires Streaming Site for $1 Billion

Paranoid Android

You can’t blame Google for wanting to flash a little cash – after all, with corporate competitors Apple and Facebook both splurging some spare change of late, the search engine giant must have been feeling left out. Fortunately, it’s reportedly managed to find a use for the coins stashed down the side of its office sofa – by...