One Huge Reason Sony REALLY Needs PS4 to Win
Somewhere in Sony someone needs to make a profit.
Sony's PS4 launch in the States and its upcoming launch in the rest of the world could be the launch that keeps the rest of the creaking company in something like health.
The latest punch in the guts of the company that once owned gaming and, with the Walkman, mobile music is a $100 million hole in the finances of Sony Entertainment. This wing of the company serves up content to the PlayStation Network in the form of both music, TV and movies, and it's far from well.
ContactMusic reports that, "Sony Entertainment are currently riffling through their accounts as they look to cut up to $100 million from their budget in the coming months. The entertainment giants are particularly looking to make their filmmaking department more profitable and will begin investigating possible cost cutting exercises in the coming months."
The New York Times takes up the tale, "Charles Sipkins, a Sony spokesman, declined to comment aside from a statement: “As part of a nearly four-year process of increasing financial discipline, Sony Pictures is conducting a review of its business to identify further efficiencies. Our object is, and always has been, to operate an efficient studio that is uniquely positioned to capitalize on further growth opportunities.”
Fingers crossed y'all - bearing in mind that $100 million is apparently what it cost Microsoft to make the Xbox One controller, things might not be all bad.
The latest punch in the guts of the company that once owned gaming and, with the Walkman, mobile music is a $100 million hole in the finances of Sony Entertainment. This wing of the company serves up content to the PlayStation Network in the form of both music, TV and movies, and it's far from well.
ContactMusic reports that, "Sony Entertainment are currently riffling through their accounts as they look to cut up to $100 million from their budget in the coming months. The entertainment giants are particularly looking to make their filmmaking department more profitable and will begin investigating possible cost cutting exercises in the coming months."
The New York Times takes up the tale, "Charles Sipkins, a Sony spokesman, declined to comment aside from a statement: “As part of a nearly four-year process of increasing financial discipline, Sony Pictures is conducting a review of its business to identify further efficiencies. Our object is, and always has been, to operate an efficient studio that is uniquely positioned to capitalize on further growth opportunities.”
Fingers crossed y'all - bearing in mind that $100 million is apparently what it cost Microsoft to make the Xbox One controller, things might not be all bad.
Companies:
Sony
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