Tag Archives: Sony Group Corp

Google to shut gaming service Stadia in latest cost-cutting effort

Google is shuttering its digital gaming service Stadia, the latest ambitious project to get cut as the company looks to shed costs. The gaming service, which launched in 2019 and runs on phones and the Chrome browser, “hasn’t gained the traction with users that we expected,” wrote Phil Harrison, a …

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Nintendo shares jump 5% after record Japan sales of Splatoon 3

Nintendo said domestic sales of Splatoon 3 hit a record in the first three days of the game being on sale. Splatoon 3 proved to be a hit in Japan, helping keep momentum for Nintendo’s ageing Switch console. Philip Fong | AFP | Getty Images Nintendo shares rose 5% on …

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Shares of Assassin’s Creed maker Ubisoft plunge after Tencent ups stake

Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin’s Creed. But analysts said this has effectively closed the door on a full takeover of the company. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Shares of games developer Ubisoft plunged …

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Sony, Tencent, NetEase continue deal hunt to expand new formats, markets

Revenue from mobile games accounts for more than half of the mobile gaming market. Sony is looking to diversify beyond consoles with its new dedicated PlayStation mobile gaming division. Mateusz Slodkowski | SOPA Images | LightRocket via Getty Images Sony Sony’s PlayStation has dominated the gaming console market for a …

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Chinese tech giant NetEase buys Star Wars game maker Quantic Dream

Chinese video game giant NetEase has been aggressively expanding overseas as the domestic market slows down amid tighter regulation. It now has fully-owned gaming studios in the U.S., Europe and Japan as it focuses on games beyond just mobile and PC. Arjun Kharpal | CNBC NetEase announced Wednesday that it …

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Sony sets up a PlayStation mobile gaming unit in push beyond consoles

Revenue from mobile games accounts for more than half of the mobile gaming market. Sony is looking to diversify beyond consoles with its new dedicated PlayStation mobile gaming division. Mateusz Slodkowski | SOPA Images | LightRocket via Getty Images Sony set up a dedicated PlayStation mobile gaming unit in a …

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Sony raises price of PlayStation 5 console due to soaring inflation

In this photo illustration a PlayStation 5 logo seen displayed on a smartphone. Mateusz Slodkowski | SOPA Images | LightRocket via Getty Images Sony on Thursday raised the recommended retail price of its PlayStation 5 games console in several international markets citing the global economic environment, including high inflation. The …

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No Way Home’ return to theaters

Tom Holland stars as Peter Parker in “Spider-Man: No Way Home.” Sony Spider-Man, the Na’vi and a ragtag group of galactic rebels are making their way back to theaters at the end of the summer. Disney is releasing Star Wars prequel “Rogue One” and “Avatar” in domestic theaters in the …

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Microsoft Xbox, Sony PlayStation, Nintendo: Video game earnings round-up

A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Yelim Lee | AFP via Getty Images The giants of the video game world saw their sales slide in the second quarter, as initial tailwinds from the Covid pandemic faded. In the three months ended June, Microsoft, …

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Video game industry not ‘recession proof,’ sales set to fall in 2022

The PlayStation 5 logo pictured at a store in Krakow, Poland. Nurphoto | Getty Images Video game sales are set to decline annually for the first time in years, as another industry that boomed in the coronavirus era faces the grim prospect of a recession. The global games and services …

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