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In the company’s fiscal first quarter ended June 30, Sony’s music operations showed the wear and tear of the economic downturn caused by the COVID-19 pandemic, with revenue declining 13.1% to ¥173.735 billion yen ($1.646 billion) from 2019’s first quarter revenue of ¥200.04 billion ($1.84 billion). While operating profit was also down to ¥34.89 billion ($325.3 million), the decline on a percentage basis wasn’t as much, coming in 8.8% down from the ¥38.3 billion ($348 million) tallied in the year earlier first quarter period. Consequently, the company’s already healthy operating margin showed a slight improvement, consisting of 19.7% of revenue this year, versus 18.9% in 2019’s first quarter, which shows the company kept a tight rein on expenses. During t...
Sony‘s latest strategic investment is sure to augment the already flourishing link between the music and gaming industries. The parent company of Sony Music has moved to acquire a $250 million minority stake in Epic Games, makers of the hit video game franchises Fortnite and Borderlands. The investment will enable the continued pursuit of crossover partnerships that have already begun to shakeup a rapidly shifting digital entertainment landscape. The two companies have already demonstrated record-setting synergy this year. In April, Travis Scott, a member of Sony’s Epic Records roster, drew in Fortnite’s single largest audience to date with his virtual Fortnite concert, pulling in over 12.3 million concurrent viewers. Kenichiro Yoshida, President and CEO of...
Thandie Newton is no stranger to the ills of Hollywood, and certainly not the industry’s ensuing racism. In a new interview with Vulture, the Westworld star details a particularly harrowing moment with former Sony producer Amy Pascal. For context, Newton had met with Pascal to audition for Charlie’s Angels, McG’s blockbuster reimagining of the ’70s series that would become one of the highest grossing pictures of 2000. Newton wouldn’t go near it — and with good reason. Below is her account of the meeting: I had a meeting with her, and she said, “Look, I don’t mean to be politically incorrect, but the character as written and you playing the role, I just feel like we’ve got to make sure that it’s believable.” I was like, “What do you mean? What changes would you have to make?” She’s like, “W...
Source: Insomniac Games / PlayStation Sony’s PS5 console might have been the crown jewel of last night’s reveal event, but our favorite Spider-Man, Miles Morales, stole the show. Sony came out guns blazing or, in this case, web-shooters shooting opening up with the gameplay trailer for Insomniac’s Marvel’s Spider-Man: Miles Morales. Fans were excited to see that hero from the film Spider-Man: Into The Spider-Verse is going to be a playable character in his own adventure and that the game will be available when PS5 launches Holiday 2020. Source: Insomniac Games / PlayStation In the exceptional Marvel’s Spider-Man game, which swung on PS4 exclusively back in 2018, gamers got the chance to control Miles in a small part of the game. Unfortunately, he hasn’t become the hero we love yet, but he ...
Sourced from Getty Images. Ericsson, Sony and Telenor have announced that they are teaming up to make it easy to connect people and things with intelligent tracking and monitoring solutions. Ranging from cargo to IoT healthcare devices for patients, tracking increases mobility and improves reliability and efficiency. Using Telenor’s network, Ericsson’s IoT Accelerator for global connectivity, and Sony Network Communications Europe’s smart IoT services, the three partners are collaborating to enhance real-time location and tracking solutions for different sectors. Ericsson IoT Accelerator is the Ericsson’s IoT connectivity and device management platform, providing enterprises with a unified solution that manages IoT operations of any scale, using worldwide mobile network infrastructure. Mor...
Sony is officially confirming its next PlayStation 5 event will be held on Thursday, June 4th. The event will begin at 4PM ET / 1PM PT, and Sony is promising “a look at the future of gaming on PlayStation 5.” It will run for “a bit more than an hour,” and feature “a first look at the games you’ll be playing after PlayStation 5 launches this holiday,” according to Jim Ryan, president and CEO of Sony Interactive Entertainment. “The games coming to PS5 represent the best in the industry from innovative studios that span the globe. Studios, both larger and smaller, those newer and those more established, all have been hard at work developing games that will showcase the potential of the hardware,” says Ryan. “This digital showcase will run for a bit more than an hour and, for the first time, w...