Tag - sony



A customer walks past a display for Nintendo's Super Mario at an electronics store in Tokyo on Jan. 12. Last year, Nintendo increased salaries, in part to be competitive with other studios.
Apr 2, 2024
Japan’s game industry weathers the storm amid layoffs worldwide
The country's studios are actually scrambling to attract and retain talent — a state of affairs that is symptomatic of the nation’s demographic challenges.
Sony's move to cut costs and Microsoft's decision to release titles on rival platforms reflect uncertainty in the gaming industry.
Mar 8, 2024
Looks like we're nearing peak PlayStation
The gaming industry as a whole is struggling with ballooning development costs and longer production cycles, leading to fewer and risk-averse titles.
Sony trimmed its revenue forecast after sales of its flagship PlayStation 5 in the December quarter came in roughly a million units lower than analysts’ estimates.
BUSINESS / Companies
Feb 15, 2024
Sony dives most in two years after cutting PS5 sales outlook
Shares fell as much as 8.4% in early Tokyo trading, the biggest intraday fall since February 2022.
Sony Group has lifted its net profit forecast for the year ending March to ¥920 billion from an earlier estimate of ¥880 billion.
BUSINESS / Companies
Feb 14, 2024
Sony Group lifts profit forecast, aims to list financial unit in 2025
The sales projection for fiscal 2023, however, was lowered to ¥12.3 trillion from its November forecast of ¥12.4 trillion.
Michael Jackson performs in Vienna in 1997. Jackson, one of the top selling artists in pop music, died in 2009, leaving an estate worth hundreds of millions of dollars but large debts to work out.
BUSINESS / Companies
Feb 10, 2024
Sony to buy 50% stake in Michael Jackson music for $600 million
The agreement may also include songs from other artists that are part of the Mijac publishing catalog in what would be the largest such deal ever.
Sony terminated merger plans with Zee on Monday after more than two years of negotiations, citing alleged breaches of the terms of their agreement.
BUSINESS / Companies
Jan 25, 2024
India's Zee asks Sony to honor merger obligations and approaches tribunal
Zee denies Sony's claims that it had breached the terms of their agreement, which the Japanese company cited as the reason it called off the deal.
Sony had been expected to benefit from Zee’s deep library of content in regional Indian languages and its dozens of local television channels.
BUSINESS / Companies
Jan 22, 2024
Sony sends termination letter to Zee over India merger
The entertainment giant cited conditions of the merger agreement not being met as the reason for ending the deal with the Indian media network.
Sony plans to file the termination notice before a Jan. 20 extended deadline for closing the deal with Zee.
BUSINESS / Companies
Jan 9, 2024
Sony plans to call off $10 billion merger with India’s Zee
The plan to cancel the deal is due to a standoff over whether Zee CEO Punit Goenka would lead the merged entity amid a regulatory probe.
Attendees play the Fate/Samurai Remnant video game on PlayStation 5 video game consoles at the Tokyo Game Show in September.
BUSINESS / Companies
Dec 21, 2023
Sony highlights PS5 momentum as hardware sales top 50 million
Sony is seeing strong momentum for its PlayStation 5 console, a senior games executive has said, with lifetime sales exceeding 50 million units and the company recording its best-ever Black Friday period sales for the device.
Sony Group has raised its full-year outlook after its media divisions outperformed.
BUSINESS / Companies
Nov 9, 2023
Sony raises sales and profit outlook as media helps offset mobile
The adjustments suggest resilient consumer spending and a weaker yen are stabilizing the business.
Nintendo has announced it is developing a live-action movie adaptation of its The Legend of Zelda video game series.
Nov 8, 2023
Zelda the movie shows Nintendo has learned its lesson
The live-action Zelda movie is still shrouded in mystery, but one thing is certain: Nintendo will want loyal sidekicks to embark on this adventure.
Bungie, the Sony-owned game studio behind Destiny 2, has cut an undisclosed number of staffers amid restructuring of Sony's video game operations.
BUSINESS / Companies
Oct 31, 2023
Sony’s Bungie game unit cuts staff following delayed titles
Sony, which purchased Bungie in early 2022 for $3.6 billion, has been cutting staff across its PlayStation division this year, in part due to delays.
Many of Japan’s largest businesses are exporters that benefit from a weaker yen.
BUSINESS / Companies
Oct 30, 2023
Japan’s biggest firms set for $9.3 billion bonanza from weak yen
Many of Japan’s largest businesses are exporters that benefit from a weaker yen.
An attendee tries out the XR Catch game at the Sony Group booth at CEATEC in Chiba on Tuesday.
Oct 17, 2023
Major Japan tech show opens with focus on sustainability
The major trade show kicked off on Tuesday, with firms keen to showcase how their latest technologies could contribute to creating a sustainable society.
Jim Ryan, president and CEO of Sony Interactive Entertainment, speaks during the Consumer Electronics Show in Las Vegas in January.
BUSINESS / Companies
Sep 28, 2023
Sony gaming chief Jim Ryan to retire in March
Ryan became CEO of Sony Interactive Entertainment in 2019 and oversaw initiatives including the launch of the PlayStation 5.
Nintendo Tokyo at the Shibuya Parco department store complex, the first such official Nintendo store in Japan
Sep 27, 2023
Microsoft buying Nintendo would have been a disaster
Imagine the clash of cultures. Nintendo executives famously cut their own salaries rather than lay off workers during the failure of the Wii U.
Eiko Higuchi at her microphone production station at Sony Taiyo
BUSINESS / Companies
Aug 25, 2023
A tiny factory is handcrafting mics for Justin Bieber and Dr. Dre
Sony Taiyo, a Sony Group subsidiary, is designed to give people with disabilities a fair chance in the workplace.
Sony's headquarters in Tokyo
Aug 12, 2023
Sony and other top music labels sue over Sinatra 78s stored online
The companies include a list of 2,749 recordings in the lawsuit, including songs by Bing Crosby and Louis Armstrong.
Sony, a key supplier of image sensors to Apple and other device-makers, has said it doesn’t expect demand in the mobile phone market to bounce back until next year at the earliest.
BUSINESS / Companies
Aug 10, 2023
Sony falls most in a year as smartphone demand fails to recover
The Tokyo-based company’s operating income fell 31% in the first fiscal quarter because of sharp declines in the movie and sensor groups.
Jasmy President Kazumasa Sato (center), Executive Officer Hidehiko Kakinuma (left) and head of software development Takashi Hagiwara at the company's office in Tokyo in July
Aug 9, 2023
Ex-Sony execs take on tech giants with blockchain security gambit
Kazumasa Sato aims to give people control over their personal data at a time when big tech firms have obtained vast amounts of it.


Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
The story isn't over for Japan's bookstores