Asian shares were mixed on Friday in quiet trade with many regional markets shut for the Easter holidays, except for Japan, China and South Korea.» Read More
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!)
Could it be a "black-and-blue" Friday for Blu-ray? There are rumblings about a big announcement coming from Wal-Mart that could give a big boost to HD-DVD. I'm hearing that the company will begin selling the Toshiba HD-A2 for $98 in a special one-day, in-store secret sale. The unit sells for $198 at Circuit City and Amazon, so this is a steep discount.
In the entertainment industry, the idea of being green is very, very cool. You can't go two feet without seeing a Prius--they're even becoming the limo-of-choice for the Oscars. I myself bought a Prius in May and I love it. Not only is it eco-friendly, but it's also incredibly convenient. Not having to fill up that often saves a ton of money, and all that time wasted at the gas station. Tons of time.
On the eve of what could be a major shift in Nintendo's family friendly approach to video-gaming, there comes word, courtesy of iSuppli, of just how big the Wii has gotten: how about #1? ISuppli reports that Nintendo has actually replaced Sony as the number one video game console vendor, surpassing the PlayStation maker in the third quarter, 2007.
French software company Dassault Systemes lowered its 2007 earnings and revenue goals to factor in a weaker dollar after it posted a 3 percent drop in third-quarter earnings per share on Tuesday.
NBC Universal and News Corp's HULU.COM finally launches after six months, plenty of delays, name-calling, and mocking. The joint venture between NBC Universal and News Corp's Fox was announced in March, conceived as a media company-controlled way to distribute a broad range of professionally created content--a viable alternative to YouTube.
Microsoft shares soared to a six-year high Friday, after issuing a muscular first-quarter earnings report and raising its full-year earnings guidance the day before.
Japan's Nintendo nearly tripled its first-half profit and boosted its annual earnings outlook on Thursday as its popular Wii and DS game machines outsell rival Sony's PlayStation.