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November 22, 2024
 

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SONY

Sony Group headquarters in Tokyo, on Jan. 31, 2023
BUSINESS
Nov 20, 2024
Japanese publisher Kadokawa shares roar on Sony buyout report
Early afternoon Kadokawa shares were up 15.91% to ¥4,341 on the Tokyo Stock Exchange.
Sony already has a 2% stake in Kadokawa and a stake in Kadokawa subsidiary FromSoftware, the developer of Elden Ring.
BUSINESS / Companies
Nov 19, 2024
Sony in talks to buy media powerhouse behind Elden Ring, sources say
The talks between the two sides are ongoing and, if successful, a deal could be signed in the coming weeks.
A woman is silhouetted at The Pink Floyd Exhibition: Their Mortal Remains at the V&A Museum in London in 2017.
BUSINESS / Companies
Oct 2, 2024
Sony buys Pink Floyd music rights for $400 million, FT reports
The deal includes the band's name and portrait rights of its members.
The logo of Tokyo-based chipmaker Rapidus
BUSINESS / Companies
Sep 29, 2024
Sony and others to make extra investments in Rapidus
The Tokyo-based chipmaker hopes to secure the necessary funds to start mass production of next-generation semiconductors as early as 2027.
Japan might have created the PlayStation brand, but the cost of the latest generation of the console will exclude all but the most hardcore fans.
COMMENTARY / Japan
Sep 18, 2024
PS5 Pro price is a sticker shock for the country that made the PlayStation
With even an entry-level PS5 now costing some ¥72,980 following the latest hike last month, an entire generation of Japanese could be cut off.
Sony last month officially unveiled a digital ledger, Soneium, while other Japanese firms like Toyota explore various blockchain-related initiatives.
BUSINESS / Companies
Sep 18, 2024
Sony joins a crypto push in Japan as calls grow for looser rules
The question for the government is whether to heed requests from the crypto industry for less onerous rules to lower costs and spur growth.
Intel in 2022 lost out on a contract to design and fabricate the chip for Sony’s next-generation PlayStation 6.
BUSINESS / Tech
Sep 17, 2024
How Intel lost the Sony PlayStation business
A dispute over how much profit Intel stood to take from each chip sold to the electronics giant for the PlayStation 6 gave a leg-up to AMD, which clinched the deal.
The PlayStation 5 Pro gaming console is priced at $699.99 in the United States, and ¥119,980 in Japan.
BUSINESS / Companies
Sep 11, 2024
Sony prices PlayStation 5 Pro game console at a hefty $699.99
In Japan, the midgeneration console is priced at ¥119,980, compared with the standard PlayStation 5 digital model's ¥72,980 price tag.
The surprise 19% price increase comes even as PlayStation 5 sales have slowed.
BUSINESS / Companies
Aug 27, 2024
Sony hikes PlayStation 5 price in Japan citing cost volatility
The surprise move comes even as PS5 sales have slowed and Sony is widely expected to refresh its offering with a revamp of the console in coming months.
Turbines at a wind farm in Suttsu, Hokkaido. A renewable energy initiative called on Japan to triple its capacity of clean electricity.
BUSINESS / Economy
Jun 25, 2024
Japan urged to triple renewables capacity by 2035
The world's fourth-largest economy is heavily reliant on fossil fuels
Sony Group Chairman Kenichiro Yoshida says the group wants to contribute to anime through creation.
BUSINESS / Companies
May 23, 2024
Sony Group to strengthen anime business
The group will consider establishing an organization to train foreign anime creators.
Sony Group is missing analyst expectations for sales as demand for its PlayStation 5 hardware wanes.
BUSINESS / Companies
May 15, 2024
Sony sales outlook misses estimates on waning demand for PS5s
Shares in Sony have been under pressure this month amid mounting speculation about the terms of its potential $26 billion bid for Paramount Global.
Sony’s shares have dropped more than 5% this year, compared with a 16% gain in the Topix index, amid a global electronics slump.
BUSINESS / Companies
May 7, 2024
Sony shares fall as offer for Paramount spurs financing concerns
Investors are worried because the $26 billion proposal is larger than the Japanese electronics company's cash holdings.
A customer walks past a display for Nintendo's Super Mario at an electronics store in Tokyo on Jan. 12. Last year, Nintendo increased salaries, in part to be competitive with other studios.
BUSINESS
Apr 2, 2024
Japan’s game industry weathers the storm amid layoffs worldwide
The country's studios are actually scrambling to attract and retain talent — a state of affairs that is symptomatic of the nation’s demographic challenges.
Sony's move to cut costs and Microsoft's decision to release titles on rival platforms reflect uncertainty in the gaming industry.
COMMENTARY / Japan
Mar 8, 2024
Looks like we're nearing peak PlayStation
The gaming industry as a whole is struggling with ballooning development costs and longer production cycles, leading to fewer and risk-averse titles.
Sony trimmed its revenue forecast after sales of its flagship PlayStation 5 in the December quarter came in roughly a million units lower than analysts’ estimates.
BUSINESS / Companies
Feb 15, 2024
Sony dives most in two years after cutting PS5 sales outlook
Shares fell as much as 8.4% in early Tokyo trading, the biggest intraday fall since February 2022.
Michael Jackson performs in Vienna in 1997. Jackson, one of the top selling artists in pop music, died in 2009, leaving an estate worth hundreds of millions of dollars but large debts to work out.
BUSINESS / Companies
Feb 10, 2024
Sony to buy 50% stake in Michael Jackson music for $600 million
The agreement may also include songs from other artists that are part of the Mijac publishing catalog in what would be the largest such deal ever.
Sony terminated merger plans with Zee on Monday after more than two years of negotiations, citing alleged breaches of the terms of their agreement.
BUSINESS / Companies
Jan 25, 2024
India's Zee asks Sony to honor merger obligations and approaches tribunal
Zee denies Sony's claims that it had breached the terms of their agreement, which the Japanese company cited as the reason it called off the deal.
Sony had been expected to benefit from Zee’s deep library of content in regional Indian languages and its dozens of local television channels.
BUSINESS / Companies
Jan 22, 2024
Sony sends termination letter to Zee over India merger
The entertainment giant cited conditions of the merger agreement not being met as the reason for ending the deal with the Indian media network.
Sony plans to file the termination notice before a Jan. 20 extended deadline for closing the deal with Zee.
BUSINESS / Companies
Jan 9, 2024
Sony plans to call off $10 billion merger with India’s Zee
The plan to cancel the deal is due to a standoff over whether Zee CEO Punit Goenka would lead the merged entity amid a regulatory probe.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

Podcast

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By Kathryn Wortley

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