DIRS.INFO The most relevant business & tech news

ATLANTIC CITY, N.J. (AP) — Internet gambling revenue continues to soar in New Jersey, where online casinos are accounting for a growing share of the betting pie: Atlantic City's casinos and their online partners won $182 million in internet bets in February. But the news was not all good: Atlantic City's nine casinos won $211.5 million from in-person gamblers, down 1.6% from a year earlier. Bally's won nearly $19 million, up nearly 5%; Harrah's won $18.7 million, down 11%; Caesars won $16.2 million, down 15.5%; and Resorts won $12.1 million, down 4.3%. In terms of in-person revenue, Borgata won $53.6 million, down 6.7%; Hard Rock won $41.1 million, up 9.6%; Ocean won over $31 million, up over 18%; Harrah's won $18.2 million, down 14.7%; and Tropicana won $16.6 million, down 3.1%. Caesars won $16.4 million, down 13.7%; Resorts won $12.2 million, down 3.6%; Golden Nugget won $11.6 million, up 4:, and Bally's won $10.6 million, down over 13%.

Persons: ”, Jane Bokunewicz, Bally's, Harrah's, Borgata, Wayne Parry Organizations: CITY, of Gaming Enforcement, Atlantic, Atlantic City, Golden, Ocean, Tropicana, Caesars, Resorts, Resorts Digital, Caesars Interactive Entertainment Locations: N.J, New Jersey, www.twitter.com

☆ How Sony's PlayStation has rivaled Microsoft and Nintendo in the console wars
▼ + stars: | 2024-03-09 | by ( Ryan Baker | ) www.cnbc.com time to read: +2 min

It's been three decades since the Sony PlayStation first brought to life some of the video game industry's most beloved franchises. The gaming console expanded into the U.S. a year later in 1995. "We went into markets where video gaming had never really been a thing. Most recently, Microsoft's $69 billion Activision Blizzard acquisition presented a major threat to Sony's long-standing gaming business. Watch the video to learn more about the story of Sony's PlayStation and to hear what is next for the company.

Persons: It's, Jim Ryan, Ryan, Shawn Layden, Layden, Carolina Milanesi Organizations: Sony PlayStation, Sony Interactive Entertainment, PlayStation, Nintendo, Sega, Sony Interactive Entertainment Worldwide, Sony Music, Sony Electronics, Activision Blizzard, Activision, Microsoft, Sony Locations: Japan, U.S, Europe, Italy, Spain

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Sony Playstation became the world's best-selling game consoleSony's PlayStation has won over the loyalty of millions of gamers worldwide, and industry experts cite its video game content library as one of the primary reasons why. Sony Interactive Entertainment is just one player in the $280+ billion gaming industry, but its PlayStation 2 hold's the industry's title for best-selling console ever. Watch the video to see how Sony built its gaming empire.

Organizations: Sony, Sony Interactive Entertainment

☆ PlayStation is laying off 900 people globally — read the full email employees received about it
▼ + stars: | 2024-02-28 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

AdvertisementSony Interactive Entertainment is laying off about 900 people from the PlayStation division. PlayStation Studios' London studio will close, Ryan wrote. Ryan will retire at the end of March, as he wrote in a press release shared in September. In January, Microsoft announced it's laying off 1,900 staff members across Activision Blizzard, Xbox, and ZeniMax. All employees who are part of the collective consultation will be made aware of the next steps today.

Persons: Jim Ryan, Ryan, Jim Organizations: Sony Interactive Entertainment, PlayStation, Asia Pacific, PlayStation Studios, Microsoft, Activision Blizzard, Unity, Business, Sony Locations: Americas, Europe, Japan, Asia, EMEA

☆ Sony to lay off 900 at PlayStation as tough times for the games industry persist
▼ + stars: | 2024-02-27 | by ( Michael Nam | ) edition.cnn.com time to read: +2 min

New York CNN —Electronics giant Sony announced on Tuesday that it will be cutting 900 jobs, or 8%, in PlayStation’s global workforce. The layoffs will impact all regions for Sony Interactive Entertainment, according to the PlayStation press release, with its in-house London studio, responsible for the competitive singing video game “Singstar,” closing entirely. “These are incredibly talented people who have been part of our success, and we are very grateful for their contributions,” wrote Jim Ryan, president and CEO of Sony Interactive Entertainment. Ryan had already announced in September plans to retire in March as Sony Group Corporation president. Specifically, the video game industry has been seeing jobs hemorrhage from 2023 into this year as well, with Epic Games cutting 830 jobs last September and Tencent’s Riot Games laying off 11% of its workforce in January.

Persons: ”, Jim Ryan, Naomi Matsuouka, Ryan, Hiroki Totoki Organizations: New, New York CNN — Electronics, Sony, Sony Interactive Entertainment, PlayStation, London, Bloomberg, Sony Group Corporation, Epic Games, Riot Games, SONY Locations: New York

☆ Sony to lay off 900 workers from PlayStation division, or 8% of unit's global workforce
▼ + stars: | 2024-02-27 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Sony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023. Sony Interactive Entertainment on Tuesday said it will lay off about 900 employees in its PlayStation unit, or 8% of its global workforce, becoming the latest technology company to announce headcount trims. The Japanese gaming giant cut its sales forecast for its flagship PlayStation 5 console on Feb. 14, after it warned of lower demand. Sony at the time said that it expects to sell 21 million units of the PS5 in the fiscal year ending on March, trimmed from a previous forecast near 25 million consoles. The company's shares plunged sharply after the forecast cut announcement.

Persons: Jim Ryan, — CNBC's Arjun Kharpal Organizations: Sony, Sony Interactive Entertainment, PlayStation Locations: London

☆ Thursday analyst calls: Disney draws praise for earnings, AmEx gets downgrade
▼ + stars: | 2024-02-08 | by ( Brian Evans | ) www.cnbc.com time to read: +6 min

Morgan Stanley's $47 per share price target on Ally Financial implies nearly 32% upside from Wednesday's $35.68 close. The analyst reiterated an overweight rating on Disney stock alongside a $110 per share price target, or about 11% upside moving forward. Feldman his buy rating on Disney and a $120 per share price target, implying more than 21% ahead. Bank of America also reiterated a buy rating on Disney stock, and stood by its $110 per share price target. Shares have outperformed peers thanks to a strong revenue and earnings per share outlook in the company's fourth-quarter earnings report.

Persons: Morgan Stanley, Morgan Stanley's, Jeffrey Adelson, Michael Rhodes, Adelson, — Brian Evans, Goldman Sachs, Eric Sheridan, Brian Evans, Disney's, Disney, Benjamin Swinburne, Brett Feldman, Feldman, Jessica Reif Ehrlich Organizations: CNBC, American, Ally, Discover Financial, Wall, Disney, Epic, Bank of America, American Express Locations: Roblox

☆ How Warner Bros. Discovery's games chief plans to build on 'Hogwarts Legacy' and give the company more much-needed wins
▼ + stars: | 2024-01-22 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Discovery's gaming division is on a winning streak with two of the biggest console games in 2023: "Hogwarts Legacy," the year's No. David Haddad is WBD's long-running games chief and the rare top WarnerMedia executive who survived the merger with Discovery (as well as the AT&T ownership era). In an interview with Business Insider, Haddad, who is president of Warner Bros. Interactive Entertainment — a position he's held since 2015 — framed the challenge and how he plans to keep WBD games' streak going. It can take the form of new events to keep people playing a strategy game like "Game of Thrones: Conquest" or new characters and tournaments in a fighting game like "Mortal Kombat." WBD's success with games separates it from other legacy media companies that have stumbled in the arena, most notably Disney.

Persons: —, execs, David Haddad, Haddad, We're, Harry Potter, it's, They've, Michael Pachter, Shaggy, David Zaslav, people's, Jefferies, Andrew Uerkwitz, LightShed, Haddad wouldn't, we've Organizations: Service, Warner, Business, Discovery, Warner Bros, Interactive Entertainment, Wedbush Securities, Disney, Netflix, Thrones, EA, Embracer Locations: WarnerMedia

But only half that money came from the casinos' core business: money won on their physical premises. Collectively, the casinos surpassed 2019 levels with $2.8 billion won from in-person gamblers, but that was accomplished largely on the strength of the three newest casinos. Hard Rock won $512 million, up 4.1%, and Ocean won nearly $415 million, up 16.3%. Harrah's won $254 million in person, down 1.5%; Tropicana won $240 million, down 3.3%; Caesars won $231 million, down 1.7%; Resorts won $163 million, down 2.3%; Bally's won $155 million, up less than 1%, and Golden Nugget won $146 million, down 1.8%. Among internet-only entities, Resorts Digital won $822 million, up 50.4%, and Caesars Interactive Entertainment NJ won $90 million, down 20.7%.

Persons: Money, Ocean —, James Plousis, Jane Bokunewicz, Lloyd Levenson, ”, Borgata, Harrah's, Bally's, Wayne Parry Organizations: CITY, Atlantic, New, New Jersey Division of Gaming Enforcement, Ocean, New Jersey Casino Control Commission, Atlantic City, Stockton University, Sports, Tropicana, Caesars, Resorts, Golden Nugget, Resorts Digital, Caesars Interactive Entertainment Locations: N.J, New Jersey, Atlantic City, www.twitter.com

☆ Warner Bros. Discovery's games chief shares plans to capitalize on 'Hogwarts Legacy' and boost the division's growth
▼ + stars: | 2024-01-16 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Discovery's gaming division is on a winning streak with two of the biggest console games in 2023: "Hogwarts Legacy," the year's No. In an interview with Business Insider, Haddad, who is president of Warner Bros. Interactive Entertainment — a position he's held since 2015 — framed the challenge and how he plans to keep WBD games' streak going. It can take the form of new events to keep people playing a strategy game like "Game of Thrones: Conquest" or new characters and tournaments in a fighting game like "Mortal Kombat." WBD's success with games separates it from other legacy media companies that have stumbled in the arena, most notably Disney. Nevertheless, analysts have speculated that given its past success and need for growth, WBD could buy another gaming company such as EA or Take-Two Interactive.

☆ A Chinese gaming billionaire now ranks as one of the top landowners in the US
▼ + stars: | 2024-01-10 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

AdvertisementChinese billionaire Tianqiao Chen is the US' 82nd-biggest individual landowner according to the latest edition of The Land Report. Chen owns 198,000 acres of timberland in central Oregon through his investment group – Shanda Asset Management – per the ranking. Related storiesThe land is currently owned by Shanda Asset Management, The Land Report said, citing Oregon tax records. Shanda Asset Management is a branch of the Shanda Group, an investment firm. As well as the land in Oregon and Ontario, Shanda Asset Management owns real estate in China.

Persons: Tianqiao Chen, —, Chen, Bend . Chen, Canadian Irving, Chrissy Organizations: Deschutes National Forest, Shanda Interactive Entertainment, Service, Forest, Bend ., Business, Fidelity National Financial Ventures, Forest Resources, Deschutes Land Trust, Shanda Asset Management, Shanda, Management, Bloomberg, Nasdaq, Shanda Group Locations: timberland, Oregon, Deschutes, Bend, Ontario, Canada, Canadian, China

☆ Rockstar Games publishes Grand Theft Auto trailer early after it was leaked on X
▼ + stars: | 2023-12-04 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Shares of video game publisher Take-Two Interactive Software fell as much as 4% in extended trading on Monday after the company released its trailer for the next version of the Grand Theft Auto game, which will come out in 2025. The video was originally leaked from the account @Gta6trailerleak on X, formerly known as Twitter. After that, Rockstar Games, a subsidiary of Take-Two, published the trailer on YouTube. Grand Theft Auto VI is likely to impact Take Two shares upon its release. Grand Theft Auto V debuted in 2013, and it's now the second best-selling video game in history, having sold more than 190 million copies.

Persons: it's, Sam Houser, Strauss Zelnick Organizations: Twitter, Rockstar Games, Microsoft, Gamers, Rockstar's

☆ Sony facing $7.9 bln mass lawsuit over PlayStation Store prices
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Issei Kato/File Photo Acquire Licensing RightsCompanies Sony Group Corp FollowLONDON, Nov 21 (Reuters) - Sony (6758.T) must face a mass lawsuit worth up to 6.3 billion pounds ($7.9 billion) over claims the PlayStation maker abused its dominant position leading to unfair prices for customers, a London tribunal ruled on Tuesday. Sony Interactive Entertainment (SIE) was sued last year on behalf of nearly nine million people in the United Kingdom who had bought digital games or add-on content through Sony's PlayStation Store. Alex Neill, a consumer advocate who has worked on previous campaigns, is bringing the case against Sony. She says the company abused its dominant position by requiring digital games and add-ons to be bought and sold only via the PlayStation Store, which charges a 30% commission to developers and publishers. The claim alleges customers have therefore paid higher prices for games and add-on content than they would have done.

Persons: Issei Kato, Alex Neill, Neill, they're, Sam Tobin, Aurora Ellis Organizations: Sony, REUTERS, Sony Group, Sony Interactive Entertainment, PlayStation, Thomson Locations: Tokyo, Japan, London, United Kingdom

Hard Rock posted a gross operating profit of $44.3 million in the third quarter, up less than 1% from a year earlier. Gross operating profit reflects earnings before interest, taxes, depreciation, and other expenses, and is a widely accepted measure of profitability in the Atlantic City casino industry. “In keeping with the experiences of many resort communities along the New Jersey shore, Atlantic City saw a bit of a cooling off in summer 2023 compared to the pent-up post-pandemic energy seen in 2021 and 2022, said Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City casino industry. ”That said, it did outperform pre-pandemic 2019 for both net revenue and gross operating profit, suggesting that this could be part of a cycle of stabilization." The Tropicana had a profit of $36.7 million, down 11.5%; Harrah's had a $30 million profit, down over 13%; Caesars had a $21.1 million profit, down nearly 18%; Golden Nugget had an $11 million profit, nearly 4%; Bally's had a $7.3 million profit, down over 32%; and Resorts had a $7.2 million profit, down nearly 43%.

Persons: Gross, Jane Bokunewicz, Lloyd Levenson, James Plousis, Harrah's, Bally's, Wayne Parry Organizations: CITY, of Gaming Enforcement, Atlantic City, Stockton University, New Jersey Casino Control, Tropicana, Caesars, Golden, Resorts, Caesars Interactive Entertainment, Resorts Digital, Twitter Locations: N.J, New Jersey, Atlantic City, www.twitter.com

☆ Sony’s PlayStation Access controller offers a new social lifeline for gamers with disabilities
▼ + stars: | 2023-10-24 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

Sony Interactive Entertainment is the maker of the wildly popular PlayStation consoles and a lineup of fan-favorite PlayStation games. Paul Amadeus Lane, an accessibility consultant working with Sony Interactive Entertainment, is pictured here with the Access controller, a Sony device specifically designed for gamers with disabilities. After years of tinkering and consulting with gamers who have disabilities like Lane, Sony Interactive Entertainment unveiled a first look at its Access controller for gamers with disabilities earlier this month. Gamers get a first look at Sony's Access controller, a highly-customizable device designed specifically for people with disabilities, at an event in San Mateo in September. “The industry needs to understand that the Xbox controller, the PlayStation controller, while they’re great and while they’re very beneficial, they cannot help everyone,” he said.

Persons: CNN — Grant Stoner, ” Stoner, I’ve, Stoner, Grant Stoner, Paul Amadeus Lane, quadriplegic, Lane, ” Lane, Alvin Daniel, ” Daniel, Daniel, “, ”, he’s, there’s Organizations: CNN, Super Nintendo, “, Pittsburgh, Sony, Sony Interactive Entertainment, Xbox, PlayStation, Nintendo, Gamers, Sony’s PlayStation, Gran Turismo Locations: San Mateo

☆ 'Marvel's Spider-Man 2' video game breaks 24-hour PlayStation Studios selling record
▼ + stars: | 2023-10-23 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

"Marvel's Spider-Man 2" broke the record for fastest-selling PlayStation Studios game in its opening 24 hours, according to a release. Consumers purchased more than 2.5 million copies of the game, which debuted Oct. 20, breaking PlayStation Studios' record. Sony Interactive Entertainment, which is the parent company of PlayStation Studios, priced the standard version of the game at $69.99 and offers a deluxe edition for $79.99. Only PlayStation 5 users have access to the new "Marvel's Spider-Man 2," since it is exclusive to that console, according to Marvel. The game, developed by Insomniac Games in collaboration with Marvel Games and PlayStation Studios, allows users to play as both Peter Parker and Miles Morales.

Persons: Peter Parker, Miles Morales, Peter, Miles, Eric Lempel Organizations: PlayStation, Consumers, PlayStation Studios, Sony Interactive Entertainment, Marvel, Insomniac Games, Marvel Games, Sony Locations: New York City, Sony's

When internet and sports betting money is included, the casinos, horse tracks that take sports bets and their online partners won over $521 million from gamblers in September. Tropicana won $21.4 million, down 8.2%; Caesars won just under $21.4 million, down 4.5%; Resorts won $14.9 million, down 10.7%; Bally's won $13.1 million, down 17.3%, and the Golden Nugget won $12.6 million, down 6.1%. Tropicana won $33.7 million, down 2.6%; Harrah's won $22.5 million, down 2.6%; Caesars won $21.3 million, down 10.7%; Bally's won $20.2 million, down 1.3%; and Resorts won nearly $15 million, down 11.6%. Of that money, about $111 million was kept as revenue after winning bets and other expenses were paid out. Among internet-only entities, Resorts Digital won $45.4 million in September, up nearly 33%, and Caesars Interactive Entertainment NJ won $5.6 million, down over 38%.

Persons: ”, Jane Bokunewicz, Lloyd Levenson, James Plousis, Harrah's, Bally's, Borgata, Wayne Parry Organizations: CITY, — Sports, Atlantic City, of Gaming, Resorts, New Jersey's Stockton University, New Jersey Casino Control, Casino, Ocean, Tropicana, Caesars, Golden, Casinos, Resorts Digital, Caesars Interactive Entertainment, Twitter Locations: N.J, New Jersey, Ocean, New, Atlantic City, www.twitter.com

☆ The boss of PlayStation is retiring after 28 years, saying he's tired of traveling so much for work
▼ + stars: | 2023-09-28 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

Playstation boss Jim Ryan is retiring after 28 years at the company, he said Wednesday. Ryan said he found it difficult to "reconcile living in Europe and working in North America." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe head of PlayStation and CEO of Sony Interactive Entertainment said he's retiring to avoid the stress of constant travel for work.

Persons: Jim Ryan, Ryan, —, he's, Insider's Dave Smith, Hiroki Totoki Organizations: Service, PlayStation, Sony Interactive Entertainment, Sony Locations: Europe, North America, British, Japan

☆ Sony gaming chief Jim Ryan to retire, group president to be interim head
▼ + stars: | 2023-09-27 | by ( Sam Nussey | ) www.reuters.com time to read: +1 min

Inside a GameStop store Sony PS5 gaming consoles are pictured in the Manhattan borough of New York City, New York, U.S., November 12, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsCompanies Sony Group Corp FollowTOKYO, Sept 28 (Reuters) - Sony Group (6758.T) said on Thursday its gaming chief Jim Ryan would retire next March, with group President Hiroki Totoki to become interim CEO during the search for a successor. Ryan, who is British, become CEO of Sony Interactive Entertainment (SIE) in 2019 and oversaw initiatives including the launch of the PlayStation 5 console the following year. "Jim no longer wants to manage the tradeoff between having a job in the U.S. and a home in the UK," SIE said in a statement. Reporting by Sam Nussey; Editing by Jamie Freed and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, Jim Ryan, Hiroki Totoki, Ryan, Jim, SIE, Sam Nussey, Jamie Freed, Aurora Ellis Organizations: GameStop, Sony, REUTERS, Sony Group Corp, Sony Group, Sony Interactive Entertainment, PlayStation, Thomson Locations: Manhattan, New York City , New York, U.S

☆ Growth of gaming accessories market is 'unabated,' says Razer CEO
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrowth of gaming accessories market is 'unabated,' says Razer CEOMin-Liang Tan, co-founder and CEO of gaming company Razer, explains why he thinks interactive entertainment is "here to stay."

Persons: Min, Liang Tan Organizations: Razer

☆ Microsoft gaming chief Phil Spencer says Starfield is seeing 'huge demand'
▼ + stars: | 2023-09-06 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Phil Spencer, CEO of Microsoft Gaming, appears at the Political Opening of the Gamescom conference in Cologne, Germany, on Aug. 23, 2023. Microsoft is seeing "huge demand" for its new Starfield video game, Phil Spencer, the software company's CEO of gaming, said Wednesday. Microsoft picked up the game through its $8.1 billion acquisition of game publisher ZeniMax, the parent of Bethesda. Spencer said Starfield is the most wish-listed game the company has had on the Steam game store. Spencer said tens of millions of Game Pass subscribers were getting a chance to play Starfield on Wednesday.

Persons: Phil Spencer, Spencer, CNBC's Steve Kovach, ZeniMax, Jim Ryan, Ryan, We've, we've, Starfield Organizations: Microsoft Gaming, Microsoft, Microsoft's Bethesda Game Studios, PlayStation, Gaming, Activision Blizzard, Sony Interactive Entertainment, Activision, Sony, Nintendo, Markets Authority, Ubisoft Locations: Cologne, Germany, Microsoft's, Bethesda, San Francisco

☆ Sarah E. Needleman — Reporter at The Wall Street Journal
▼ + stars: | 2023-08-17 | by ( Sarah E. Needleman | ) www.wsj.com time to read: +1 min

Sarah E. NeedlemanSarah E. Needleman is a reporter for The Wall Street Journal who writes about interactive entertainment and social media. Her coverage centers on Activision Blizzard, Electronic Arts and other big videogame publishers, as well as social-media companies such as Twitter, Reddit and Pinterest. In 2022, Sarah received an honorable mention with WSJ colleagues for their coverage of workplace misconduct at Activision from the Society for Advancing Business Editing and Writing, or Sabew. In her earlier years at the Journal, she covered small business and careers. Sarah graduated from Rutgers University in 1997 with a bachelor's degree in journalism.

Persons: Sarah E, Sarah, paginator Organizations: Wall Street, Activision Blizzard, Electronic Arts, Activision, Society for, Home News & Tribune, Princeton Packet, Rutgers University Locations: New Jersey

Game enthusiasts and industry personnel walk between the Microsoft Xbox and Sony PlayStation exhibits at the E3 trade show on June 16, 2015 in Los Angeles, California. Sony has signed a binding agreement with Microsoft to keep Call of Duty on its PlayStation gaming consoles after closing the Activision Blizzard acquisition, Microsoft said on Sunday. "We are pleased to announce that Microsoft and PlayStation have signed a binding agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard," Microsoft Gaming CEO Phil Spencer said on Twitter Sunday. Regulators around the world had expressed significant concern about Microsoft's power over the gaming market if an Activision acquisition was approved. The deal does something to ameliorate those concerns, although Microsoft and Sony aren't disclosing the duration of the agreement.

Persons: Activision Blizzard, Phil Spencer, Jim Ryan, Ryan, Brad Smith, divestitures Organizations: Microsoft Xbox, Sony PlayStation, Sony, Microsoft, PlayStation, Activision Blizzard, Activision, Twitter, Regulators, Sony's PlayStation, Federal Trade Commission, FTC, EU, Markets Authority Locations: Los Angeles , California, San Francisco federal

☆ Netflix sets its sights on video games for its next chapter as growth slows for the streaming giant
▼ + stars: | 2023-07-16 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Netflix launched its video game streaming service in November 2021, investing in mobile app games. The pivot to interactive streaming comes as Netflix's growth has slowed to single digits. As Netflix chases younger audiences and grapples with keeping its current subscribers content, the streaming giant has fixed its sights on a new chapter: video games. In late 2021, Netflix began dabbling in creating its mobile app games. The pivot to video games comes as Netflix's growth has slowed tremendously — according to records kept by Stock Analysis, the company's annual growth had never been below 12% until last year.

Persons: Max, The, We've, Sean Krankel Organizations: Netflix, Disney, HBO, Night School, PlayStation, Nintendo Switch, Stock Analysis, Google, TechCrunch Locations: Helsinki, Finland

☆ The biggest takeaways from Microsoft's courtroom showdown with the FTC over Activision Blizzard
▼ + stars: | 2023-06-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +21 min

The impulse to expand Microsoft's gaming business on mobile devices at least in part inspired the Activision acquisition. The impulse to expand Microsoft's gaming business on mobile devices at least in part inspired the Activision acquisition. Jim Ryan, CEO of Sony Interactive Entertainment, wasn't happy with a Microsoft-generated list of Activision Blizzard games that would remain accessible on the PlayStation after the acquisition closes. Jim Ryan, CEO of Sony Interactive Entertainment, wasn't happy with a Microsoft-generated list of Activision Blizzard games that would remain accessible on the PlayStation after the acquisition closes. Activision Blizzard and Microsoft have agreed to terminate the deal if it's not done by July 18.

Persons: Satya Nadella, Phil Spencer, Spencer, James Weingarten, Weingarten, Jim Ryan, Sony, Ryan, Amy Hood, Bobby Kotick, Sarah Bond, Kotick, Amazon Weingarten, Bond, Tim Stuart, Nadella, Bernstein, Mark Moerdler, Hood, Stuart, it's, Jacqueline Scott Corley, she'll Organizations: Northern, Northern District of, Microsoft, Activision Blizzard, Federal Trade Commission, FTC, Sony, PlayStation, Mobile, Activision, Xbox, Zynga, Sega Sammy, Nintendo, Enix, Sony Interactive Entertainment, Management, Sony Group, Amazon, Microsoft's Xbox, Bernstein Research, Symantec, Sony PlayStation Locations: U.S, Northern District, Northern District of California, San Francisco, cybersecurity, United Kingdom, FarmVille, Asia, Japan, Tokyo

Search resuls for: "Interactive Entertainment"

25 mentions found