Corporate News

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...

News: Kaz Hirai: PS4's Success Will Be Determined by Continued Install Base Growth

Kaz Hirai: PS4's Success Will Be Determined by Continued Install Base Growth

Platform already profitable

There’s no doubt that the PlayStation 4 has raced out of the blocks in fifth gear, but Sony overlord Kaz Hirai reckons that the company is not resting on its laurels yet. While the firm is extremely satisfied with the success of its next-gen device to date, the intelligent executive noted that the system will be...

News: Sony Expects to Remain in the Red Next Year As Well

Sony Expects to Remain in the Red Next Year As Well

Company can't stop losing cash

Sony’s the corporate equivalent of one of those kids that drops a fiver on the floor and refuses to pick it up because that would be deemed ‘uncool’. Despite confirming an expected loss of $1.26 billion overnight, the Japanese giant has admitted that it’ll remain in the red next year as well – predicting a...

News: Sony Bosses Forfeit Bonuses Ahead of Billion Dollar Loss

Sony Bosses Forfeit Bonuses Ahead of Billion Dollar Loss

Hip hip Hirai

There’ll be no wad in the back pocket of Sony gaffer Kaz Hirai this week, as the ex-PlayStation president – along with 40 of the organisation’s top executives – will forfeit their bonuses ahead of this week’s expected billion dollar loss. It’s believed that many of the senior employees will sacrifice a third of their annual...

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: Sony Drops Data Loss Appeal, Will Have to Pay £250k Fine

Sony Drops Data Loss Appeal, Will Have to Pay £250k Fine

Chunk of change

Remember when the Information Commissioner’s Office in the UK fined Sony a whopping £250,000 for the PlayStation Network hack in 2011? At the time, the platform holder said that it planned to fight the charges – but it’s since dropped the case, meaning that the firm will be forced to cough up the extortionate sum. "After...

News: Sony Doubles Profit Forecasts Ahead of Financial Report

Sony Doubles Profit Forecasts Ahead of Financial Report

Holding out for a Hirai

After years of reporting on Sony’s slumping sales, it looks like the company may finally be on the ascension. Games Industry.biz notes that the Japanese conglomerate has doubled its profit forecast for the fiscal year that ended on 31st March, raising the tally from ¥20 billion ($201m) to ¥40 billion ($403m). That’s a...

News: Yoichi Wada Exits Square Enix Following 'Extraordinary Loss'

Yoichi Wada Exits Square Enix Following 'Extraordinary Loss'

Final Fantasy maker down on its luck

John Riccitiello is not the only high-profile video game executive to be heading for the exit door, as Square Enix gaffer Yoichi Wada has been ousted from the company following a dire financial forecast for its current fiscal year. The outgoing boss had been in the job since 2000, but he’ll now be replaced by...

News: Sony Selling Its New York Headquarters for $1.1 Billion

Sony Selling Its New York Headquarters for $1.1 Billion

Chunk of change

In a move that has seen the company’s share prices surge by a whopping 12 per cent, Sony has announced that it has agreed to sell its New York headquarters to the Chetrit Group for a whopping $1.1 billion. The electronics manufacturer will continue to operate out of the 37-story building for the next three years, after which it...