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Sony plans cloud-based TV service and unveils streaming game system

Sony on Tuesday announced a hotly-anticipated streaming game service along with the news that it sold more than 4.2 million PlayStation 4 consoles by the start of this year. PlayStation Now, set to begin a test phase this month and launch in the United States mid-year, promised to let gamers…

Grand Theft Auto 5 makes more than $800 million on first day of release

Grand Theft Auto 5 has smashed its way into the record books by grabbing the largest ever first day takings for a video game, underlining the appeal of the medium as Sony and Microsoft prepare to launch a new generation of consoles. The latest instalment of the British-produced franchise took…

Sony to launch new PlayStation console in late 2013

Sony will this month announce the late 2013 launch of its latest PlayStation console, Japanese media said Thursday, as is looks to its games business in a bid to repair its tattered finances. The much-anticipated announcement will come at a “PlayStation Meeting” set for February 20 in New York, the…

Sony and Sharp warn of massive losses

Sony and Sharp, two of Japan’s best-known electronics giants, on Tuesday warned of record losses in the billions of dollars as they struggle to survive amid fierce global competition. Sony, the Tokyo-based maker of PlayStation consoles and Bravia televisions, blamed a tax charge for its expected full-year loss of 520 billion…

Sony to axe 10,000 jobs worldwide: report

Sony will cut 10,000 jobs worldwide this year as it attempts to carry out sweeping reforms aimed at reviving the iconic but loss-making Japanese electronics giant, the Nikkei business daily said Monday. About half the planned job cuts are part of a restructuring of Sony’s chemical unit as well as…

Sony seeking Olympus stake: report

Japanese electronics giant Sony is in talks to take a stake of up to 30 percent in Olympus as the camera firm looks to shore up its finances after a $1.7 billion cover-up scandal, a report said Tuesday. The electronics giant has proposed a capital and business tie-up with the camera and medical…

Sony to sell LCD venture stake to Samsung for $940 million

TOKYO/SEOUL (Reuters) - Sony Corp has agreed to sell its nearly 50 percent stake in an LCD joint venture with Samsung Electronicsto the South Korean company for $940 million, as it struggles to reduce huge losses at its TV business. The seven-year-old venture cut its capital by 15 percent in July and industry sources had said Sony…

Skype introduces video calls on Android phones

LONDON (Reuters) – Skype, which is being bought by Microsoft for $8.5 billion, introduced a new service on Thursday allowing users of Android phones to make free video calls to Skype contacts, including those on Apple iPhones. The company whose name became synonymous with Internet calling in the mid-2000s said its updated Android app…

Lawsuit claims Sony fired network security staff before PSN breach

Just two weeks before hackers stole millions PlayStation Network and Qriocity user accounts, Sony Corp laid off employees responsible for network security, according to a recently filed lawsuit. Reuters reported Friday that the class action lawsuit alleges the company spent lavishly to protect its corporate secrets but was less concerned…

LulzSec manifesto promises to continue ‘causing mayhem and chaos throughout the Internet’

WASHINGTON — Computer hackers who have hit the websites of the CIA, US Senate, Sony and others during a month-long rampage said Friday that they were staging the attacks for their own entertainment. “You find it funny to watch havoc unfold, and we find it funny to cause it,” the…

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