A humbled Sony — once a titan of Japan Inc. — recently sprang back into the black for the first year in five years, courtesy of a plunging yen. Honda, another corporate icon, triumphantly announced a return to Formula One racing, rejoining an exclusive club of high-performance car makers after having slinked away when cash ran low, the NYT reports.» Read More
With the superior fire power of Russell Crowe and Christian Bale, the Western "3:10 to Yuma" was the big shot at the weekend box office in North America, according to studio estimates issued Sunday.
Shares of Sony Corp jumped on Wednesday after the electronics conglomerate said it would list shares of its financial arm on the Tokyo Stock Exchange next month after raising up to $3 billion in an initial public offering to fund its core electronics business.
Apple, which is widely expected to announce a new line of iPods on Wednesday, has managed to stay one step ahead of the competition--so far.
Mobile handset maker Sony Ericsson said on Tuesday its president, Miles Flint, would step down and that the chairman of Sony Electronics USA would succeed him as of Nov 1.
A re-imagining of the classic slasher movie "Halloween" broke the record for a new release during the U.S. Labor Day holiday weekend, according to studio estimates issued on Sunday.
Consumer electronics maker Sony introduced a new U.S. version of its Sony Walkman that includes the ability to play digital video, the latest potential rival to Apple Inc.'s dominant iPod media player.
Bawdy comedy "Superbad" proved to be super good at the North American movie boxoffices, holding onto the No. 1 slot for the second straight weekend, according to studio estimates Sunday.
U.S. sales of video games and hardware rose 37 percent in July, with Sony Corp's struggling PlayStation 3 console getting a major boost from a price cut in the month, industry data showed Thursday.
GameStop posted on Thursday a better-than-expected seven-fold jump in quarterly profit and raised its full-year outlook on strong sales of games like "Guitar Hero II" and "NCAA Football '08," sending its shares up as much as 8 percent.
Another battle in the very long war. For years Sony's Blu-ray has been battling with Microsoft and Toshiba-backed HD DVD. And everyone--the studios, the disc and player manufacturers, and consumers--is just dying for one format to emerge victorious and the other format to fall the way of the BetaMax. HD DVD just scored an unexpected win, after Blu-ray had taken the lead. DreamWorks Animation and Viacom's Paramount (including DreamWorks Studio) just committed to releasing their films...
With the markets so volatile, many investors might be tempted to head for the exits. But in these nervous times, there are smart moves you can make to protect your portfolio. CNBC asked the experts what they would buy--and sell--in this type of environment. Here's what they're telling us.
Microsoft Corp is cutting the European price for its Xbox 360 video game console by 50 euros to 349.99 euros ($470), following a similar cut in the United States.
Goldman Sachs and Deutsche Bank are pulling out of their commitment to underwrite $1 billion of financing for MGM's slate financing deal, according to the Financial Times, which broke the news.We know that the credit crunch is being felt far and wide -- and now we see that it's being felt all the way in Hollywood at the most hallowed of filmmaking institutions. No one is raising any debt right now, and until the credit markets calm down, things will be quiet. Goldman Sachs and MGM were was raising about one billion dollars to finance a slate of MGM productions and co-productions, including the Hobbit, the fourth Terminator movie, and most likely the next James Bond film (co-produced with Sony).
There's no question that Blockbuster's livelihood is under attack--the business of driving to a store to rent a DVD and driving back when you're done is threatened from video on demand, and digital downloads, especially since both technologies are getting better and faster. So, looking to avoid going the way of the Beta Max, Blockbuster just purchased online movie downloading company Movielink for under $20 million.
U.S. movie rental chain Blockbuster said Wednesday it has bought film download service Movielink for undisclosed terms, giving it a stronger hold in an area where rival Netflix is also staking a claim.
Microsoft's Xbox 360 video game console will be $50 cheaper starting Wednesday, confirming fuzzy snapshots of leaked advertisements posted by bloggers in late July.
After paying their dues on the small screen for 18 years, "The Simpsons" have become movie superstars in just one day.
Sony currently has no plans for a further price cut to its PlayStation 3 game console following a $100 cut in the U.S., the electronics conglomerate's president said on Friday.
Stocks closed sharply lower and the Dow saw its biggest decline since the market meltdown in late February as disappointing news from the housing industry renewed concerns about credit markets and the U.S. economy. "This is just one more of the period panics that we've had in the last six months," said Barton Biggs, managing partner at Traxis Partners. "The puncture of the debt bubble is a positive development and restores some kind of sanity to the debt market."
Sony said on Thursday its quarterly profit more than trebled after strong digital camera sales and a softer yen far outstripped losses at its game unit.