Corporate News

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...

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...