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Tokyo-based Sony Corp.’s quarterly profit totaled 200 billion yen ($1.3 billion), down from 282 billion yen a year earlier. Quarterly sales rose 11% to 2.7 trillion yen ($18 billion), with gains in video games, image sensor and music operations and weakness in its financial and entertainment technology services. A deal was reached late Wednesday, ending the longest strike ever for film and television actors. Sony raised its full year profit forecast to 880 billion yen ($5.8 billion) from an earlier projection for an 860 billion yen ($5.7) profit. That’s lower than the profit recorded the previous year at 1 trillion yen.
Persons: , Travis Scott, Harry Styles, ___ Yuri Kageyama Organizations: TOKYO, Sony Corp, Sony, Screen, American Federation of Television, Radio Artists, PlayStation Locations: Tokyo
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
Microsoft, which owns the Xbox gaming system, closed its $69 billion deal to buy game-maker Activision Blizzard on Friday after fending off global opposition from antitrust regulators and rivals. It marks a career-defining moment for Spencer, who first joined Microsoft as an intern in 1988 and has helmed Xbox since 2014. When the companies announced a planned merger in January 2022, Microsoft CEO Satya Nadella made clear it would be "critical for Activision Blizzard to drive forward” on its commitments to improve its workplace culture. As of late last year, Activision Blizzard had 13,000 employees, about 72% in North America, according to a regulatory filing. “It is a new day for workers at Activision Blizzard,” said CWA President Claude Cummings Jr. in a statement Friday.
Persons: Phil Spencer, Spencer, , , Gil Luria, Davidson, he’s, Bobby Kotick, who's, Kotick, Satya Nadella, Joe Biden's, ” Luria, George Jijiashvili, Elder, ” Jijiashvili, Claude Cummings Jr, ” Cummings Organizations: Activision Blizzard, Microsoft, Activision, PlayStation, Sony, U.S . Federal Trade, ZeniMax Media, Bethesda Softworks, Communications Workers of America Locations: Southern California, U.S, United Kingdom, San Francisco, Bethesda, North America, Canada
The Best Tech Deals During Prime Big Deal Days
  + stars: | 2023-10-10 | by ( Nick Guy | ) www.wsj.com   time to read: +6 min
By Nick GuyWhether you’re looking for a new pair of AirPods, a portable projector or smart home security products, Amazon’s Prime Big Deal Days has something for you. We sorted through the wide range of tech deals to bring you the best sales on top-rated gear that Buy Side recommends. While you’re shopping, make sure to check out our list of the best overall deals that includes more than 100 products. MagSafe battery packAn upgraded version of a portable power bank we love for the iPhone is matching its lowest price ever during Prime Big Deal Days. It’s our pick for the best lower-price Bluetooth speaker and during Prime Big Deal Days, it’s even more affordable at $20 off.
Persons: Nick Guy, you’re, They’ll, it’s, They’re, you’ve, we’ll, they’re, Anker Organizations: Apple, Apple Watch, Amazon, Deal, JBL
CNN —The Atari home video game system took the late1970s and early 1980s by storm, complete with faux wood paneling and a classic joystick with a big red button. Centipede - Atari 2600 VCS Videogame ArcadeImages/Alamy Stock PhotoWith Rosen at the helm, the company is taking a closer look at its own history to chart its future, releasing remastered or reimagined versions of its classics like “Missile Command” and “Centipede,” producing the critically acclaimed “Atari 50” interactive documentary, and introducing its soon-to-be released retro console the Atari 2600+. They’re radically different things.”The retro console arrives in November at a $130 price point and in a more compact version. While it comes packaged with 10 games in a single cartridge, the console will also play new titles and work with original Atari 2600 and 7800 game cartridges. Atari is reimagining the classic "Haunted House" video game.
Persons: Wade Rosen, Rosen, ” Rosen, , They’re, , Tengku Bahar, there’d, It’s Organizations: CNN, Atari, , Command, Getty, Nightdive Studios, Nintendo, PlayStation Locations: Hong Kong, AFP
REUTERS/Kevork Djansezian Acquire Licensing RightsLONDON, Sept 27 (Reuters Breakingviews) - Microsoft’s (MSFT.O) gaming master plan is slowly coming together. But Microsoft’s gaming revenue was still around 8% of group sales, or $15 billion, for the year ended June 2022. Given these risks, it makes sense for Nadella to grow his exposure to those parts of the gaming market which are less likely to be upended by cloud gaming. It remains possible that cloud gaming is a dog that doesn’t bark – or at least not for some time. As a result of the Activision deal, Nadella has a hedge of sorts against cloud gaming happening too fast.
Persons: Kevork, Satya Nadella’s, Ampere, , GamesIndustry.biz, Nadella, George Hay, Katrina Hamlin Organizations: Activision, REUTERS, Reuters, Bethesda, Microsoft, Satya Nadella’s Activision, Ampere, Sony, Nintendo, Reuters Graphics, Netflix, Gamers, Xbox, PlayStation, Big Tech, Apple, HK, reckons, Competition, Markets Authority, CMA, Xbox Cloud Gaming, Ubisoft Entertainment, Ubisoft, Thomson Locations: Los Angeles , California, United States, U.S
Archie Madekwe Photo: Sony PicturesThe auto-racing drama “Gran Turismo,” based on the Sony PlayStation game and released by Sony’s Columbia Pictures, makes much of a concept I’d never heard before: “to podium.” It means to finish in the top three, and according to a crusty coach, only those “who podium” get to celebrate with champagne. Does the team that finishes second in the World Series dive into the Veuve Clicquot? Previous to this picture, finishing second or lower was commonly known as “losing,” but I suspect “Gran Turismo” is signaling modest ambitions both for its protagonist and itself: It would be content to be dubbed the third-best sports-underdog movie of the year.
Persons: Archie Madekwe Organizations: Sony, Turismo, Sony PlayStation, Sony’s Columbia Pictures
Fairy-tale ending will elude Disney in India
  + stars: | 2023-08-11 | by ( Shritama Bose | ) www.reuters.com   time to read: +4 min
MUMBAI, Aug 11 (Reuters Breakingviews) - India has lost its magic for Walt Disney (DIS.N). Even if boss Bob Iger can find a buyer or joint venture partner, a fairy-tale ending will elude the Magic Kingdom. The combination of changing viewing preferences and Disney’s own conservatism in streaming puts Disney India in a weak spot. The average monthly revenue per subscriber held steady at 59 cents, compared to $7.31 per subscriber in its domestic Disney+ business. Disney is exploring strategic options for its Star India business, including a joint venture or a sale, the Wall Street Journal reported on July 11, citing unnamed people familiar with the matter.
Persons: Walt Disney, pare, Bob Iger, Iger, Mukesh, Ambani, JioCinema, Una Galani, Katrina Hamlin Organizations: Reuters, Fox, Kingdom, Netflix, Indian Premier League, HBO, Disney, Disney India, Walt Disney, Star India, Wall Street, Thomson Locations: MUMBAI, India, U.S, Mumbai, United States, Canada
Hollywood studios, scrambling to contend with a strike by unionized actors, have started to remove big-budget movies from the 2023 release calendar, newly imperiling theaters and undoubtedly irritating fans. “Spider-Man: Beyond the Spider-Verse,” is no longer on track for a March premiere, and a new “Karate Kid” will no longer arrive in June. Until now, the 2023 theatrical release schedule had been left relatively unscathed by the actors’ strike, which started on July 14. Warner Bros. has been debating whether to postpone “Dune: Part Two,” which is supposed to arrive in theaters on Nov. 3. “Aquaman and the Lost Kingdom,” a big-budget superhero sequel, and “The Color Purple,” based on the Broadway musical, are among other 2023 holiday-season movies that could be delayed.
Persons: Kraven, Hunter ”, Organizations: Sony Pictures Entertainment, Marvel Comics, Sony, Warner Bros
CNN —A federal judge will not block Microsoft (MSFT) from closing its $69 billion deal to acquire video game giant Activision Blizzard, a defeat for US regulators who had asked for a temporary injunction while legal challenges to the merger unfold. Microsoft could potentially finalize the deal with Activision in a matter of days, ahead of a July 18 contractual deadline, or the parties could mutually seek to extend that timeframe. During a five-day hearing last month in federal court, Microsoft executives including CEO Satya Nadella testified that properties such as “Call of Duty” would not be restricted from competitors following the deal’s close. UK officials also previously moved to block the Activision merger in April, citing some of the same concerns the FTC raised in its case and triggering an appeal from Microsoft. “Microsoft and Activision have agreed with the CMA that a stay of the litigation in the UK would be in the public interest and the parties have made a joint submission … to this effect.”
Persons: , , Jacqueline Scott Corley, Corley, Satya Nadella, Tuesday’s, Microsoft’s, “ We’re, Brad Smith, we’ve, Bobby Kotick, Meta’s, ” Douglas Farrar, we’ll, ” Smith Organizations: CNN, Microsoft, Activision, US, Court, Northern, Northern District of, Sony PlayStation, Federal Trade Commission, FTC, Regulators, Nvidia, Nintendo, , PlayStation, Appeals, Ninth Circuit, Markets, CMA Locations: Northern District, Northern District of California, , San Francisco
'Barbie' movie banned in Vietnam over South China Sea map
  + stars: | 2023-07-03 | by ( ) edition.cnn.com   time to read: +1 min
Reuters —Vietnam has banned Warner Bros.’ highly anticipated film “Barbie” from domestic distribution over a scene featuring a map that shows China’s unilaterally claimed territory in the South China Sea, state media reported on Monday. (Warner Bros’, like CNN, is a unit of Warner Bros. The U-shaped “nine-dash line” is used on Chinese maps to illustrate its claims over vast areas of the South China Sea, including swathes of what Vietnam considers its continental shelf, where it has awarded oil concessions. “Barbie” is the latest movie to be banned in Vietnam for depicting China’s controversial nine-dash line, which was repudiated in an international arbitration ruling by a court in The Hague in 2016. Vietnam and China have long had overlapping territorial claims to a potentially energy-rich stretch in the South China Sea.
Persons: Barbie ”, China’s, “ Barbie ”, , “ Barbie, Margot Robbie, Ryan Gosling, Barbie ’, Kien Thanh Organizations: Reuters, Warner Bros, CNN, Warner Bros ., Vietnam, DreamWorks, Netflix, Department of Cinema Locations: Reuters — Vietnam, South China, Vietnam, The Hague, China, Australian, , United States
On Wednesday, it sued Amazon over allegations that the company tricked users into signing up for its Prime subscription service. has had setbacks: Its challenge to Meta’s purchase of a virtual reality start-up fell apart this year after a judge declined to stop the deal from closing. But that court does not have the legal authority to stop the deal. asked the federal court to step in this month, saying it feared Microsoft would try to complete the deal despite the legal challenges. would be a sign that its broader challenge has legs, and could put new pressure on Microsoft and Activision to reconsider the multibillion-dollar corporate marriage.
Persons: Wilkinson, , Jim Ryan, Meta, Microsoft’s, Corley’s Organizations: Microsoft, Activision, Nintendo, Nvidia, PlayStation, Sony, Amazon
Universal’s “The Super Mario Bros.” movie and Sony’s “Spider-Man: Across the Spider-Verse,” both animated films, have racked up big ticket sales this year. The successes of "Super Mario Bros." and "Spider-Man" also reflect a new post-COVID-19 trend at box offices, Hollywood insiders say. In his book, “Creativity, Inc.,” Pixar co-founder Ed Catmull credited Pixar's brain trust with the studio’s early box-office triumphs. Catmull and other members of the original brain trust are gone, though Docter remains, now in the role of chief creative officer. During the pandemic's peak, when many cinemas were closed, Disney launched three Pixar films directly to Disney+_in the U.S., bypassing theaters.
Persons: , Universal’s, Mario, Tony Chambers, Disney's, don’t, Chambers, DreamWorks Animation’s, “ Ruby Gillman, Tom Sito, King, Sito, Jeff Bock, Ed Catmull, — John Lasseter, Andrew Stanton, Pete Docter, Lee Unkrich, Joe Ranft —, Docter, Domee Shi, Soul’s ’ Kemp Powers, Pixar’s, Brad Bird, Oscar, , Darla K, Anderson, “ Coco ”, Bob Chapek, there’s, we’ve, ” Docter, it’ll, Dawn Chmielewski, Lisa Richwine, Kenneth Li, Jonathan Oatis Organizations: Pixar, Inc, Walt Disney, Universal Studios, DreamWorks, University of Southern, Netflix, Disney, Apple, Relations, Thomson Locations: ANGELES, U.S, Canada, Disney, University of Southern California,
Oil servicers sweeten the pill
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, June 15 (Reuters Breakingviews) - The approach of peak oil demand is bad for oil producers, but it’s worse for companies that help dig and service new wells. A $5 billion merger between Patterson-UTI Energy (PTEN.O) and NexTier Oilfield Solutions (NEX.N), two small oil field services firms, offers a way out. Big oil producers are already focusing on returning cash to investors as they face up to the inevitable. The International Energy Agency said on Wednesday that global demand growth is set to nearly halt by 2028, as the use of oil in transport falls from 2026. That trend is one reason Patterson-UTI and NexTier have both delivered negative total shareholder returns since 2018.
Persons: Patterson, Robert Cyran, John Foley, Streisand Neto Organizations: YORK, Reuters, Patterson, UTI Energy, International Energy Agency, Twitter, Thomson Locations: India
New L&G CEO has ways to tackle Brexit discount
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 15 (Reuters Breakingviews) - Britain’s Legal & General (LGEN.L) is betting on an outsider to offset a valuation discount against non-UK rivals. The $17 billion insurer has picked Banco Santander’s (SAN.MC) regional head of Europe António Simões as its new CEO. The unit’s non-UK assets accounted for 43% of new money last year. The arrival of the Portuguese-born banker will cost L&G 1.175 million pounds in annual basic salary, 9% more than Wilson’s base pay. That adds pressure for Simões to tackle L&G’s Brexit valuation gap.
Persons: Nigel Wilson –, , Simões, Assicurazioni, Wilson, Pamela Barbaglia, Lisa Jucca, Oliver Taslic Organizations: Reuters, Banco Santander’s, Allianz, HSBC, HK, G Capital, Twitter, Bank, Thomson Locations: Europe, Zurich, London, Hong Kong, United States, Portuguese, India
China’s rate cut highlights stimulus stubbornness
  + stars: | 2023-06-14 | by ( ) www.reuters.com   time to read: +2 min
In stark contrast to its peers, Chinese consumer inflation has nearly evaporated, standing at only 0.2% last month. In that context, cutting short-term borrowing costs to improve liquidity in the interbank market is the very least Beijing can do. It does suggest policymakers see credit demand weakening further, and the move will help domestic companies roll over debt. But as the small size of the latest cut suggests, this is not going to rally private sector investment or consumption much on its own. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Pete Sweeney, Una Galani, Thomas Shum Organizations: Reuters, Commodities, Twitter, Thomson Locations: TOKYO, Beijing, India, Teck
Sony’s India deal episode hits fresh cliffhanger
  + stars: | 2023-06-13 | by ( ) www.reuters.com   time to read: +2 min
MUMBAI, June 13 (Reuters Breakingviews) - Sony's (6758.T) Indian unit keeps running into fresh plot twists. The deal, in the works since late 2021, has already overcome multiple hurdles. Zee has weathered shareholder calls for a rejig of the company’s board and from creditors to declare it insolvent. After all, it is a strategic combination designed to take on Disney (DIS.N), Reliance Industries (RELI.NS), Netflix (NFLX.O) and others. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Punit Goenka, Subhash Chandra, Goenka, Shritama Bose, Una Galani, Thomas Shum Organizations: Reuters, Zee Entertainment, Securities, Exchange Board, India, Sony, Disney, Reliance Industries, Netflix, Zee, Twitter, Brookfield, Thomson Locations: MUMBAI, London, Teck, China
Embracer’s standalone pitch hits the right buttons
  + stars: | 2023-06-13 | by ( ) www.reuters.com   time to read: +2 min
The $3 billion video-game holding company announced on Tuesday that it would slash costs and investments to achieve a more “stable future”. The new strategy is to rely on its own free cash flow, rather than partnerships or capital hikes, to fund the business. Wingefors wants to cut overhead costs by at least 10% compared to the last quarter’s annual run rate. At least Wingefors’ new standalone survival strategy gives him a stronger negotiating hand if a bid comes along. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Lars Wingefors, it’s, Wingefors, Oliver Taslic, Liam Proud, Pranav Kiran Organizations: Reuters, Investors, Twitter, Thomson Locations: India, Teck, China
The movie is projected to debut with a modest $31 million to $41 million this weekend in the U.S., according to the Box Office Pro website. That is well shy of the recent $120.5 million haul for Sony’s critically acclaimed animated hit "Spider-Man: Across the Spider-Verse." Pixar is looking to rebound from the box office disappointment of 2022 release "Lightyear," the origin story of "Toy Story" hero Buzz Lightyear. "Judging Pixar on the recent past, history would not be kind," said SVB MoffettNathanson media analyst Michael Nathanson. But the move dealt a blow to creatives who had hoped their films would be seen on the big screen, according to one Pixar director who spoke on condition of anonymity.
Persons: Athie, Leah Lewis, Pete Docter, Denise Ream, Peter Sohn, Adele Exarchopoulos, Vincent Lacoste, Jim Morris, Read, Buzz Lightyear, Pixar, Michael Nathanson, Sohn, Mario, Shawn Robbins, Robbins, Bob Chapek’s, Luca, creatives, Sohn’s, Dawn Chmielewski, Lisa Richwine, Nathan Frandino, Kenneth Li, Jonathan Oatis Organizations: Cannes Film, Pixar Animation Studios, Box, Pixar, Reuters, Walt Disney Co, Reuters Television, Comcast, Universal Pictures, Mario Bros, Sony Pictures, Pro, Disney, U.S, Cannes, Rotten, Thomson Locations: U.S, City, Los Angeles, San Francisco
CNN —The Federal Trade Commission plans to file in federal court to prevent Microsoft and Activision-Blizzard from closing their $69 billion merger, according to a person familiar with the matter. The FTC sued Microsoft in the agency’s administrative court in December, challenging the deal as anticompetitive. “We welcome the opportunity to present our case in federal court,” Brad Smith, Microsoft’s president, said in a statement. Microsoft has struck 10-year licensing agreements with some game platforms that will ensure those titles remain available. Antitrust officials from the European Union blessed the deal last month, saying that Microsoft’s concessions were enough to address its competition concerns.
Persons: ” Brad Smith Organizations: CNN, Federal Trade Commission, Microsoft, Activision, Court, Northern, Northern District of, FTC, Sony, , Antitrust, European Union Locations: Northern District, Northern District of California, U.S, European
Microsoft’s Activision Loss Is Sony’s Gain
  + stars: | 2023-04-27 | by ( Jacky Wong | ) www.wsj.com   time to read: 1 min
Japan’s Sony has scored a surprise win in the first round of the videogame merger wars. But Japan’s Sony has scored a surprise win in the first round of the videogame merger wars—thanks to the U.K. government. Antitrust regulators in the U.K. blocked Microsoft’s $75 billion deal to buy game maker Activision Blizzard on Wednesday, putting the fate of the transaction in serious doubt. The Competition and Markets Authority said the combination could hinder competition in the nascent cloud gaming segment. Both companies will appeal the ruling, but completing the deal now seems like a long shot.
April 5 (Reuters) - When actor Russell Crowe began reading about the history of real-life Catholic priest Father Gabriele Amorth, who claimed to have performed over 50,000 exorcisms, he was intrigued. Crowe’s portrayal of Amorth in Sony’s (6758.T) horror flick “The Pope’s Exorcist” is based on the books the late priest left behind, which chronicled 36 years of exorcisms and other work for the Vatican. However, unlike previous exorcisms, the demon feeds off the exorcist's own guilt and regrets. While he knows this depiction of a religious figure may cause criticism from some, Crowe was determined to stick to Amorth’s accounts. “Everybody is going to have their own opinion, but these are books which are written from first-person experience,” he told Reuters.
Virtual Reality Is Still Trying to Get Game
  + stars: | 2023-03-19 | by ( Dan Gallagher | ) www.wsj.com   time to read: 1 min
The PlayStation VR2 has arrived more than six years after Sony’s first attempt to bring VR gaming to the masses. Far from launching a “metaverse,” virtual reality hasn’t made much of a dent in what should have been the easiest market to crack. Sony , at least, is betting that they are. The electronics giant that sells one of the world’s most popular videogame consoles launched the second version of its virtual-reality headset late last month. Called the PlayStation VR2, the new device comes more than six years after Sony’s first attempt to bring VR gaming to the masses.
Washington CNN —Microsoft’s $69 billion purchase of Activision Blizzard could harm competition by letting Microsoft restrict Activision’s video games to proprietary platforms such as Xbox, UK officials said Wednesday, in the latest challenge to the tech giant’s blockbuster acquisition. The UK’s competition regulator said the proposed deal, which would make Microsoft (MSFT) the world’s third-largest video game publisher, could hurt tens of millions of gamers in the country by leading to higher prices or fewer choices. The provisional finding by the UK Competition and Markets Authority is another sign of growing opposition to the deal by antitrust regulators worldwide. In December, the US Federal Trade Commission sued to block the acquisition over similar claims, and the European Union is also evaluating the deal. Cloud gaming services grant players access to video games without the need for downloading the games to a local PC or console.
CNN Underscored editors regularly highlight new product launches — everything from a new colorway of that viral pan to the next must-have sneaker — through announcement posts, in-depth reviews and comparative testing pieces. Now, for the first time, we’re giving readers a sneak peek at some of the most anticipated products that are set to launch in 2023 with a new feature: The Watch List. The Legendary Classic Canteen will combine an old-school aesthetic with modern design elements like a handy strap and leakproof lid. Meanwhile, the box quilt pattern keeps everything looking casual cool in four colors: natural, white, light gray and charcoal. Cabeau TNE S3: The Neck’s EvolutionCabeauThe Cabeau Evolution S3 is our pick for best travel pillow based on a variety of factors.
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