decrypt16d agobearish
Sony Dismisses PS5 Buyers' $508M Tariff Refund Claim as 'Illogical'The company raised PlayStation prices for a second time in March, five weeks after the tariffs were struck down.
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LA Times59d agobearish
Sony Music Entertainment files new lawsuit against AI startup UdioSony Music Entertainment on Monday filed a new lawsuit against AI startup Udio, alleging the company infringed on the copyrights of more than 30,000 recordings.
Fortune72d agobearish
‘Sony essentially destroys its own defense’: How its disc-free PS5 plan triggered a $457M lawsuit and undercut its antitrust defenseSony’s move enraged thousands of gamers and brought on a lawsuit with the backdrop of rival Xbox’s restructuring amid video game industry challenges.
Bloomberg74d agobearish
Behind Xbox’s Big Layoffs, a Streaming Strategy That Failed(Bloomberg) -- Microsoft Corp.’s Xbox spent nearly $80 billion in the last decade on deals that would give it popular video game titles like Call of Duty and Skyrim, betting that gamers would flock to its Netflix-like subscription service offering hundreds of options for endless play.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaTwo Millennium Trading Pods Made About $3.7 Billion Last MonthNasdaq 100 Falls 2% in Chip-Led Rout as Oil Climbs: Markets WrapM
Bloomberg100d agobearish
Xbox Plans Significant Layoffs as New CEO Plans Overhaul(Bloomberg) -- Microsoft Corp.’s Xbox division is planning major job cuts next month as new Chief Executive Officer Asha Sharma overhauls the video game unit to stem declining revenue.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Tech Stocks Sink as Oil Jumps on US-Iran Jitters: Markets WrapXbox Plans Significant Layoffs as New CEO Plans OverhaulCuba Poised for Biggest US Fuel Shipment Since Cold War EmbargoH-1B Visa Rules Have Changed Again. What to KnowTh
TechCrunch108d agobearish
Still facing copyright lawsuits, AI music generator Suno raises another $400MThe prominent AI music generation startup is now valued at over $5.4 billion -- about seven months ago, it raised at a $2.45 billion valuation.
The Wall Street Journal134d agobearish
Sony Sees Double-Digit Earnings Growth Despite Quarterly Miss on EV Losses, Game WeaknessThe Japanese entertainment and electronics company has spent billions of dollars on acquisitions in recent years to beef up its entertainment content.