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Hollywood Reeling From DVD Slump

Disappearing profits threaten movies, star deals

(Newser) - Hollywood studios are faced with huge losses because of a 21% slump in DVD sales and the fallout from the crisis on Wall Street, reports the Financial Times. Studio heads have been forced to cut back on the number of new movies in production and are preparing to trim the...

Burn Your Kindle, Readers Need iPhone

Consumers jilt e-book readers, download titles to smartphones

(Newser) - They’ve only been around for a few years, but digital book readers may already be going the way of the Walkman. In increasing numbers, tech savvy bookworms are downloading their favorite titles onto smartphones like the iPhone for a fraction of the cost, BusinessWeek reports. For travelers, “bringing...

Nintendo to Launch Videos for Wii

Service will begin in apan in 2009

(Newser) - Nintendo plans to launch video programming for the blockbuster Wii game console, reports AFP. Players could access original programming online to watch on their TV sets. The service will  be aimed initially at the Japanese market and expand to markets worldwide. Rival Sony already uses its popular PlayStation for online...

Dow Down 242 on Auto Doubts
 Dow Down 242 on Auto Doubts 
MARKETS
Dec 9, 2008 3:27 PM CST

Dow Down 242 on Auto Doubts

Uncertainty over bailout details gives rally a flat tire

(Newser) - Yesterday’s gains in the market, buoyed by the probable Detroit bailout, slipped away today as details remained uncertain, the Wall Street Journal reports. Though investors are still optimistic about the president-elect’s infrastructure initiative’s impact on raw goods and energy, that sector couldn’t carry the market. The...

Stocks Saunter Downward
 Stocks Saunter Downward 
MARKET Open
Dec 9, 2008 8:59 AM CST

Stocks Saunter Downward

Mild drop as investors hold breath

(Newser) - Stocks dipped at the open today, as investors digested downbeat corporate news while awaiting an auto bailout. The Dow fell as much as 145; the Nasdaq and S&P were off 1.3% and 1.4%, respectively. Auto shares retreated after yesterday’s gains, the Wall Street Journal reports, with...

Sony Slashes 8,000 Jobs



 Sony Slashes 8,000 Jobs 
Dec 9, 2008 6:25 AM CST

Sony Slashes 8,000 Jobs

(Newser) - Sony is slashing 8,000 jobs, or 4%of its global work force, aiming to cut costs by $1.1 billion a year as a global downturn and stronger yen batters profits at the Japanese electronics maker. Sony, which has 185,000 employees worldwide, said today it will complete the layoffs...

Amazon Leads Charge Against Clamshell Packaging

(Newser) - Stories of angry and even injured customers have inspired companies to ditch sealed clamshell packaging for easy-to-open alternatives, the New York Times reports. Amazon leads the pack, working with suppliers to ship products in plain cardboard boxes ahead of the holidays. Even some offline companies, which rely on clamshells to...

Sony Profits Plunge 72% on Strong Yen, Slow Exports

Japanese Electronics maker sees profits tumble 72% for quarter

(Newser) - A strengthening yen and declining demand—especially from the US—for consumer electronics provided a one-two punch that knocked Sony profits down 72% for the third quarter, reports the New York Times. Sony shares slid to a 16-year low on Monday, and are down 67% for the year.

Sony Recalls Video Game for 'Islam Insult'

Koran quotes discovered in music track

(Newser) - Sony has held up distribution of a top video game after the discovery that it contains quotations from the Koran in a background music track, reports the BBC. Copies of Playstation 3 game LittleBigPlanet have been recalled and Sony has apologized. A modified version will be released next month. The...

After Beating Back HD DVD, Blu-Ray Hardly in Clear

Satellite, cable, internet offers enough HD options to keep buyers on fence

(Newser) - Blu-ray might have won the battle against Toshiba’s HD DVD, but it may still be losing the high-definition war as it is forced to compete with other sources of HD content, the Wall Street Journal reports. With cable and satellite TV providers offering more HD channels and video-on-demand services,...

MySpace Elbows iTunes With New Music Service

Rival launches today

(Newser) - Apple’s iTunes meets its first serious challenge today with the launch of MySpace Music, CNET reports. The second-largest online social network has joined forces with Amazon and the world’s four biggest record labels to offer free streaming and paid downloads. The move also pitches media mogul and MySpace...

Sony Recalls 440K Vaios
 Sony Recalls 440K Vaios 
Sep 4, 2008 8:55 AM CDT

Sony Recalls 440K Vaios

The TZ model may have bad wiring at the hinge and could overheat and wear quickly

(Newser) - Sony is recalling 440,000 Vaio laptops worldwide due to a wiring flaw that could cause overheating in 19 models of its TZ series manufactured between May 2007 and July 2008. The company said today that improperly placed wires near the hinge connecting the body of the laptop and its...

With Eye on Xmas, Microsoft Cuts Xbox Price

Maker of game console puts pressure on rival Sony to go lower

(Newser) - Microsoft appears to have fired the first shot in a new round of game-console price cuts, the Financial Times reports, trimming the cost of its Xbox 360 today in Japan. It plans to do likewise shortly in the US. In Japan, the Xbox now costs $184—less than half the...

Sony Bolsters Bet on Music Industry

Potential new deals behind $900M buyout of partner Bertelsmann

(Newser) - Sony will buy out Bertelsmann AG’s half-share of the Sony BMG music venture for $900 million, the Wall Street Journal reports—a significant bet in an industry that has seen little good news recently. Though sales of recorded music are down, Sony’s other ventures—its own consumer-electronics franchises,...

Sony Gets Green Thumbs-Up in Electronics Rankings

Nintendo lowest on Greenpeace list of environment-friendly manufacturers

(Newser) - Sony and Sony Ericsson are Greenpeace’s model tech citizens, topping a list of eco-friendly electronics companies. The environmental activists look at industry players’ use of hazardous chemicals, responsibility for obsolete products and—new this year—corporate policy toward climate change and other energy issues. Sony Ericsson was the first...

In-Game Ads Coming to PS3
In-Game Ads Coming to PS3
Jun 4, 2008 3:14 PM CDT

In-Game Ads Coming to PS3

EA games expected on board with Sony; product placement to be updated via Web

(Newser) - Sony has struck a deal to bring in-game advertising to its PlayStation 3 console, the Wall Street Journal reports. Many games have already toyed with product placement and ads, but thanks to the deal with IGA Worldwide, those digital billboards can now be updated in real time. Electronic Arts will...

Sony Deal Ends Cable Box Era
 Sony Deal Ends Cable Box Era 
May 28, 2008 12:19 PM CDT

Sony Deal Ends Cable Box Era

Strikes deal for accessory-free TV

(Newser) - The days of set-top cable boxes are surely numbered, thanks to Sony, the first consumer electronics company to close a deal to produce TVs that need no accessories to receive digital cable signals. The memorandum of understanding, signed by all the major cable companies, doesn’t just apply to Sony;...

Sony Aims to Power Up Online Gaming
Sony Aims to Power Up Online Gaming
May 22, 2008 10:38 AM CDT

Sony Aims to Power Up Online Gaming

Games developer seeks to reach new markets with innovative scenarios

(Newser) - Sony is seeking to boost online gaming to the next level with a pair of new adventures in the pipeline. The company's 1999 EverQuest was the first massive online game to rocket to popularity, but rivals like World of Warcraft have since taken the lead. With spy shooter game The ...

PS3 Sales Help Sony Get Its Q4 Game On
PS3 Sales Help
Sony Get Its
Q4 Game On
EARNINGS REPORT
May 15, 2008 6:59 AM CDT

PS3 Sales Help Sony Get Its Q4 Game On

Price cut, new games create resurgence, $224M profit

(Newser) - Sony reported fourth quarter profits of $277 million yesterday, driven largely by its once-sputtering PlayStation 3, which passed Microsoft's Xbox 360 and is nipping at the heels of Nintendo’s Wii. The results vastly improved on a loss of $643.6 million a year ago, reports the Wall Street Journal....

Warners Swallows New Line
 Warners Swallows New Line
Feb 29, 2008 3:06 AM CST

Warners Swallows New Line

Studio falls in latest Hollywood cost-cutting move

(Newser) - New Line Cinema, the studio that created the Lord of the Rings blockbuster franchise, will be folded into the Warner Brothers unit of Time Warner, reports the Los Angeles Times. It's a cost-cutting move and part of a trend that has seen DreamWorks swallowed by Viacom, and Miramax downsized by...

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