Asian equity markets sold off sharply across the board on Friday amid a flight-to-safety.» Read More
Come tomorrow, we get the next salvo fired in the HD DVD vs. Blu-ray saga when Universal Studios Home Entertainment lets loose the last leg of the Jason Bourne trilogy, "The Bourne Ultimatum" on HD DVD. We'll also get the new boxed Jason Bourne Collection.
Everyone's been talking about how DVDs are dying, and that nobody's buying the archaic discs. But guess what, you'll probably get a whole bunch as gifts this year. There were more DVDs sold this Thanksgiving than any previous year, up 6 percent from the same weekend in 2007. Now, it's important to point out, that at the same time, the overall retail revenues from DVDs has fallen thanks to the big box retailers' deep discounting.
Big media is finally grasping that the sands beneath its feet are shifting; and Vivendi's bold step for Activision may be the beginnings of dramatic change for all kinds of digital entertainment. And it's about time. George Lucas (I know, major name-dropping here) told me not too long ago, that one of the key reasons for his studio's success is the seamless integration between his LucasArts video games division and LucasFilm, his studio operation.
No question our coverage Thursday surrounding Microsoft's Xbox issues generated a lot of interest. But it was my post about Microsoft's Xbox sales during last week, which included Black Friday, that generated a single, though extremely unusual response from Sony.
Sony's PlayStation 3 outsold Nintendo's Wii game console in Japan in November for the first time since the machines were launched last year, showing Sony may finally be overcoming a slow start versus its upstart rival.
The blogs might be rife with complaints about Xbox and its overheating issues. And a lawsuit seeking class-action status against Microsoft because of Halo 3's alleged incompatibility with the system, might be working its way through the courts.
It's the kind of news at the kind of time that Microsoft must be brooding over: the blogosphere is rife with meltdown messages from Xbox users all over the country. Extended play--the kind associated with new blockbuster titles like Halo 3 and Call of Duty 4--leading to system crashes, overheating, and frustration.
The game console war enjoyed a robust battle on Black Friday and we're getting indications now of new momentum for Sony's flagging PlayStation franchise, and continued mega-sales for Nintendo's Wii. Hard data from Sony indicates a strong week for its platform. The company reports that PlayStation 3 hardware sales jumped 245 percent compared to Black Friday sales a year ago.
Citigroup is selling up to 4.9 percent of itself for $7.5 billion to the Gulf Arab emirate of Abu Dhabi, giving the largest U.S. bank fresh capital as it wrestles with the subprime mortgage crisis and the resignation of its chief executive.
Apple hosted an unusual one-day sale to usher in the holiday shopping season; rather unusual for a company that prides itself on pricing strength. But nonetheless, it's a move that appears to be paying off as the company tries to establish itself as this year's big winner.
International Capital, an international investment company based in Dubai, said on Monday it has made a "substantial investment" in Japanese electronics and entertainment conglomerate Sony.
Black Friday is a big day for DVD and player sales but some people may be confused. If you buy "Ratatouille" in high def, you've gotta have a Blu-ray player. If the new high def "Transformers" is your thing, that Blu-ray player on your PS3 is totally useless, you need an HD DVD player.
Happy Anniversary to Wii: It was one year ago that the wildly popular videogame console hit the market, taking interactive play to a new level -- and giving Nintendo a huge advantage over Sony and Microsoft in the game game.
With the worst Hollywood labor crisis in 20 years headed for its third week, striking screenwriters and major studios have agreed to renew contract talks, offering the first glimmer of hope their deadlock can be broken.
As we head into the crux of the holiday shopping season, big screen, flat-panel digital televisions will once again be a hot seller; and the hottest company in this sector isn't Samsung, or Panasonic, or Sony or Pioneer. Prepare for the Vizio invasion.
U.S. sales of video game hardware and software jumped 73 percent in October, with Nintendo's Wii console regaining its spot as the top-selling console, industry data showed on Thursday.
The entertainment divisions of every media company will suffer from the writers' strike. But media giant Sony is rather well positioned because it's so diversified. I chatted about the strike with Sony CEO Howard Stringer last week and he said if there's a void of new content on TV
Sony appears to be coming up with a winning formula. Amazing what a steep price cut will do, but you can't argue with success. Howard Stringer, Sony's CEO, is on the wires saying Sony sold over 100,000 PlayStation 3 units last week, calling the results "the breakthrough we've been anticipating."
A heroin pusher and a honey bee put some sting back into the movie business.
Seems I struck a nerve with yesterday's post on the format war involving next generation DVD's. I came into the office today, welcomed by a flood of nasty e-mails challenging the blog, the premise, the spelling (sheeesh, "their" vs. "there" -- it's been corrected!)