Sony has one per cent profit rise, despite PS5 supply complexities October 28, 2021 Japan's Sony Group announced a surprise 1 per cent rise in operating profit for its second quarter though costs from growing sales of its PlayStation 5 (console pressed on margins.
CMA says Sony’s $430m purchase of independent label AWAL raises competition concerns September 7, 2021 The UK’s competition watchdog has today said the US recording giant Sony’s purchase of independent record label AWAL could lead to worse terms for musicians. Sony bought the company, which represents artists such as Jungle, Banks, Nick Cave and the Bad Seeds, and Deadmaus for $430m back in May. At the time, the Competition and [...]
Sony raises profit outlook by a third amid lockdown home entertainment boom February 3, 2021 Japanese electronics and media giant Sony Corp on Wednesday hiked its full-year profit outlook by a third as it taps surging demand for video games, music and movies as people feast on home entertainment amid Covid19 lockdowns. Reuters reports this morning. Sony now expects 94bn yen ($8.95bn) in operating profit in the 12 months through [...]
Xbox Series X: A powerhouse machine with bags of potential December 18, 2020 There was a time when the launch of a new games console represented a gigantic leap forward – when gamers could expect to see and play titles in ways they hadn’t even conceived. The jump from Nintendo’s SNES to the N64, for instance, ushered in the era of 3D gaming, changing the course of the [...]
MWC 2020: Sony becomes latest tech firm to pull out due to coronavirus February 10, 2020 Sony today said it will withdraw from the Mobile World Congress (MWC) 2020 in Barcelona later this month due to fears over coronavirus, dealing a fresh blow to the bumper tech convention. MWC, which attracts more than 100,000 visitors, is due to take place between 24 and 27 February, but has been hampered by a [...]
What do the financial markets hold in store for 2020? January 7, 2020 After the festive break, everyone in the City is slowly settling back into work. The opening week of 2020 has been hectic already, with oil and gold prices rising and stocks falling in reaction to tension in the Middle East. But what else are the financial experts and asset managers keeping an eye on for [...]
Men in Black – lessons for brands from the movie franchise July 1, 2019 Men in Black isn’t just a movie, a franchise, a former vehicle for Will Smith, or a shadowy organisation. It’s a hugely successful brand, and so contains learnings that other brands can use. The latest instalment in the series, Men in Black: International, was released last month and demonstrates these important qualities. For instance, MIB [...]
The robots are coming – and they’re (potentially) after your job May 22, 2019 | City Talk By Ian Hall (City AM, for the CFA Institute) ‘You want your robot to be smarter than the other team’s robot’: advice that sounds like it belongs to a participant in combat competition TV show Robot Wars. But, actually, it’s the increasingly competitive and technology-affected situation that many investment professionals will face in the workplace [...]
Tandem Bank scales up to Russell Square HQ April 23, 2019 Fast-growing digital bank Tandem has snapped up a new Bloomsbury HQ as it looks to double in size. Moving from King’s Cross, which has welcomed in the likes of tech giants such as Facebook and Sony over the last 12 months, Tandem is relocating to a 16,000 square foot (sq ft) office in Russell Square. Read [...]
Game over? Competition watchdog to probe console video gaming autorenewals April 5, 2019 The Competition and Markets Authority (CMA) today launched a consumer law investigation into the console gaming sector. The watchdog said the investigation would focus on the auto-renewal practice of Nintendo Switch, Playstation and Xbox. Read more: Astro Bot Rescue Mission is the PlayStation VR's killer app It said it was “concerned about whether some of [...]