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Golden Rule: Netflix & Sony caught off-guard by KPop hit

KPop Demon Hunters has become a global smash hit – in spite of the low expectations of the companies behind it, writes Adam Maguire.

Business • 08 Sep

PlayStation prices to rise in US as tariffs bite

Sony said it is bumping up the price of PlayStation 5 video game consoles by $50 in the US due to a "challenging economic environment."

Business • 21 Aug

Sony hikes profit forecast seeing smaller trade war hit

Sony raised its full-year operating profit forecast today by 4% to 1.33 trillion yen ($9.01 billion), citing expectations of a smaller impact from US President Donald Trump's trade war.

Business • 07 Aug

The PS5 digital edition will now cost €499.99 in Europe, Sony said today

Sony announces PS5 price hike of 10% in some regions

Japan's Sony said it has hiked the price of some PlayStation 5 consoles in select markets, but not the US, because of "challenging" global economic conditions.

Business • 14 Apr

Sony's business now spans games, movies, music and image sensors

Sony lifts profit forecast as games business shines

Sony has today raised its operating profit forecast for the year ending in March by 2% to 1.34 trillion yen ($8.70 billion) as it reported strong growth at its key gaming unit.

Business • 13 Feb

The PlayStation Plus outage, which began late Friday, left users unable to sign in, play online games or access its online store

Sony to offer PlayStation Plus users 5-day extension

Sony said that all PlayStation Plus members would automatically receive an additional five days of service, after a global outage disrupted the PlayStation Network (PSN) for about 18 hours on Friday and Saturday.

Business • 10 Feb

Sony's businesses include music, movies, games and chips

Sony quarterly net profit jumps but forecast unchanged

Sony's net profit jumped in the second quarter thanks to stronger sales in gaming, music and imaging sensors, the PlayStation maker said today as it left its annual profit forecasts unchanged.

Business • 08 Nov 24

Concord was supposed to be the start of an epic franchise that would draw more players to Sony's Playstation

Game Over: The $200m flop you've never heard of

Even the biggest flop tends to make some of its money back - but Sony's blockbuster multiplayer game won't have made the studio a single cent following its short livespan, writes Adam Maguire.

Business • 07 Oct 24

Sony said it sold 2.4 million PlayStation 5 units in the first quarter

Sony reports 10% profit rise in first quarter

Sony has today reported a 10% rise in operating profit in the April-June quarter, beating analyst estimates, boosted by its image sensors and games businesses.

Business • 07 Aug 24

The move aligns Sony with the likes of Microsoft and Tencent-owned Riot Games, which have also laid off thousands of employees in recent months

Sony to lay off 900 PlayStation employees

Japan's Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said today as the video game industry struggles to recover from a post-pandemic slump.

Business • 27 Feb 24

Sony said it has sold 10 million copies of 'Marvel's Spider-Man 2', which launched in October

Sony slashes PlayStation 5 sales target

Japan's Sony has today slashed the full-year sales forecast for its PlayStation 5 console and said it plans to list its financial business next year as it focuses on entertainment and image sensors.

Business • 14 Feb 24

Sony Group has scrapped plans for a $10 billion merger between its Indian unit and Zee Entertainment

Sony ends $10bn deal to merge India assets with Zee

Japan's Sony Group has today scrapped plans for a $10 billion merger between its Indian unit and Zee Entertainment, which said it had been accused of breaching their agreement and that the case was set to go to arbitration.

Business • 22 Jan 24

Sony has moved from being the creator of iconic household electronics such as the Walkman to an entertainment behemoth straddling games, movies and music

Sony's quarterly profit slides on chip slump

Sony's said its operating profit fell 29% in the third quarter as the company was hit by a weaker performance at its image sensor and financial divisions.

Business • 09 Nov 23

Nintendo is going old-school with a 2D side-scroller, its first since 2012

Nintendo, Sony face off with Mario, Spider-Man games

Nintendo and Sony have a lot riding on two new releases this Friday, "Marvel's Spider-Man 2" for the PlayStation 5 and "Super Mario Bros Wonder" on the Switch.

Business • 17 Oct 23

Profit at its movie division plunged by two-thirds due to lower sales for television content

Sony profits tumble as movie business disappoints

Japan's Sony logged a hefty drop in first-quarter profit, hurt in part by a weaker performance from its movie division but the entertainment giant remained hopeful about prospects for a record year for its PlayStation 5 console.

Business • 09 Aug 23

The Japanese tech and entertainment conglomerate has said it expects to sell 25 million PS5 units this year

Sony PlayStation 5 console sales pass 40 million

Sony Group has sold more than 40 million PlayStation 5 consoles, its gaming division said today, citing the easing of supply chain problems.

Business • 27 Jul 23

Sony sold 19.1 million units of the PlayStation 5 console last business year, up from 11.5 million a year earlier

Sony expects profit to slip after record year

Sony Group said today it expects this business year's operating profit to slip from a record high as lower income from financial services offsets gains in its gaming, music and movie businesses.

Business • 28 Apr 23

A prototype of Afeela, an electric vehicle by Sony Honda Mobility, at this year's CES in Las Vegas

Sony and Honda unveil Afeela electric car brand at CES

Sony and Honda have unveiled their new electric car brand and said they hope to have the new company's first vehicles on the road within four years.

Business • 05 Jan 23

The deal has drawn criticism from Sony, maker of the PlayStation console

Microsoft offered FTC a consent decree on Call of Duty

Microsoft President Brad Smith said the company had offered to sign a legally-binding consent decree with the US Federal Trade Commission to provide "Call of Duty" games to rivals including Sony and others for a decade.

Business • 14 Dec 22

The Microsoft deal will bring the game from Activision Blizzard to Nintendo game consoles for the first time

Microsoft to bring Call of Duty to Nintendo

Microsoft has entered into a 10-year commitment to bring the gaming title "Call of Duty" to Nintendo platforms, the chief executive officer of Microsoft Gaming, Phil Spencer, said in a post on Twitter today.

Business • 07 Dec 22

Slack wants Microsoft's Teams split from its Office suite and sold to users at a fair price

Microsoft likely to face EU probe over Slack complaint

Microsoft is likely to face an EU competition investigation as regulators intensify their scrutiny into its practices in a case triggered by Salesforce.com's workspace messaging app Slack, people familiar with the matter have said.

Business • 24 Nov 22

Sony said it is raising the price of the disk drive equipped version of the console to €549.99 from €499.99

Sony ups PS5 price on economic pressures, rising rate

Sony said today it was increasing the price of its PlayStation 5 games console in markets including Ireland, Europe, Japan and Britain following economic pressures including rising interest rates.

Business • 25 Aug 22

The UK claim accuses Sony of abusing its market-dominant position to impose unfair terms and conditions on game developers and publishers

Playstation faces £5 billion legal action in UK

Millions of Sony PlayStation customers in the UK could claim a share of up to £5 billion in damages if a new legal claim filed against the gaming giant is successful.

Business • 22 Aug 22

Disney, Warner and Sony said they will delay the release of their latest movies in Russia

Disney, Warner, Sony pausing film releases in Russia

Hollywood studios Disney, Warner Bros, and Sony Pictures Entertainment said they would pause cinema releases of upcoming films in Russia in response to its invasion of Ukraine and the unfolding humanitarian crisis.

Business • 01 Mar 22

Profit at Sony's pictures business jumped by more than seven-fold to 149.4 billion yen, boosted by the release of the latest Spider-Man movie

'Spider-Man' propels Sony to forecast-beating Q3 profit

Japan's Sony Group has today posted a 32% jump in third-quarter operating profit that smashed analysts' estimates, as earnings at its pictures unit surged on the back of the success of "Spider-Man: No Way Home".

Business • 02 Feb 22