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By Simon Sturdee with Anuj Srivas in Mumbai TOKYO, Jan 22, 2024 (AFP) – Sony “terminated” on Monday the $10-billion merger of its Indian operations with local rival Zee Entertainment that would have created a new streaming giant in the world’s most populous nation. The joint entity with mooted annual revenue of $2 billion would have helped both firms better compete with Disney, Amazon and Netflix in the entertainment market of 1.4 billion people. But […]
TOKYO, Dec 21, 2023 (AFP) – Sales of Sony’s PlayStation 5 have crossed 50 million units, the Japanese electronics giant said, pointing to “strong momentum” this year for its flagship gaming console. The PS5 was launched in November 2020, with the world in the grip of the Covid pandemic, and its sales initially suffered because of widespread supply chain problems and a global chip shortage. Still, the PS5 reached the 50-million-unit milestone in almost the […]
TOKYO, Nov 9, 2023 (AFP) – Japanese electronics titan Sony lifted its full-year net profit and sales forecasts on Thursday, citing strength in the company’s gaming, music and image-sensor sectors. The company said it saw net profit hitting 880 billion yen ($5.8 billion) in the year to March 2024, up from the previous projection of 860 billion yen. Annual sales were seen at 12.4 trillion yen, compared with a previous estimate of 12.2 trillion yen. […]
By Mathias Cena with Yassine Khiri in Paris TOKYO, Oct 17, 2023 (AFP) – 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. That’s where the similarities stop: the two games on rival consoles and their target audiences could hardly be more different. – Veterans – Mario, the moustachioed plumber in a red cap created by […]
San Francisco, United States (AFP) — Longtime video game console rivals Microsoft and Sony on Thursday announced an alliance to improve their platforms for streaming entertainment from the internet cloud. Microsoft’s Azure cloud computing platform will be used by the two rivals to support game and digital content streaming services, according to a statement from the companies. Sony PlayStation and Microsoft Xbox have for years battled as the two leading video game consoles, with exclusive […]
Japanese electronics giant Sony said on Friday that nine-month net profit jumped 63.2 percent on-year, led by its games and music divisions, while tax benefits allowed the firm to raise its annual forecast. But the electronics and entertainment giant lowered its annual sales forecast, citing slower-than-expected sales in a range of fields including the key semiconductor unit. The company said its April-December net profit reached 828.4 billion yen ($7.6 billion), while operating profit rose 13.9 […]
TOKYO, Japan (AFP) — Sony’s puppy-sized robot dog aibo, equipped with cameras, artificial intelligence and internet capability, can now remotely check up on family members, children or even pets, the Japanese electronics giant says. https://youtu.be/u6JLSntxZYM
TOKYO, Japan (AFP) – Sony on Tuesday revised upward its full-year profit and sales forecast, reporting first quarter profits nearly tripled from a year earlier, as it extends a roaring recovery under its new CEO. The electronics and entertainment giant now forecasts 500 billion yen ($4.5 billion) in net profit for the fiscal year to March 2019, up from its earlier estimate of 480 billion yen. Annual sales are now projected to rise slightly, with […]
by Kyoko Hasegawa and Miwa Suzuki Agence France Presse TOKYO, Japan (AFP) — Japanese entertainment giant Sony Tuesday announced a $1.9-billion deal to acquire EMI Music Publishing, one of the world’s largest music publishing companies with rights to songs by the likes of Queen and Pharrell Williams. The deal adds a catalog of more than two million songs — including some of the greatest hits from the first half of the 20th century — to […]
TOKYO, Japan (AFP) — Sony on Friday reported profits worth $4.5 billion, extending a roaring recovery supported by better sales of smartphone image sensors and movies, and improvement in its finance businesses. The firm said its net yearly profit reached 490.8 billion yen ($4.5 billion) for the year to March, compared with 73.3 billion yen a year earlier, thanks to increased sales across the board and favorable foreign exchange rates. Annual operating profit more than doubled […]
TOKYO, Japan (AFP) — Sony chief executive Kazuo Hirai, who led a major and successful overhaul at the Japanese electronics giant, will step down at the end of March, the firm said Friday. Hirai will become Sony chairman, filling a post that has been empty since June 2012, and will be replaced by the company’s current chief financial officer Kenichiro Yoshida on April 1. “As the company approaches a crucial juncture, when we will embark […]
LOS ANGELES, United States (AFP) — Sony’s family-oriented movie “Jumanji: Welcome to the Jungle” staked out the top spot at the North American box office this holiday weekend, gripping first place for the second straight week. “Jumanji,” starring Dwayne “The Rock” Johnson and funnymen Jack Black and Kevin Hart, was expected to net $33.4 million over the Martin Luther King Day weekend, bringing its domestic total to $289.5 million in its fourth week out, according […]
