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Why Sony’s £4 billion loss isn’t the disaster it seems

Tuesday, 10 April 2012 17:52 GMT By Rob Fahey

Sony announced a £4 billion annual loss today, filling the PlayStation doom-sayers’ guns with some monumental ammo. Don’t call the firing squad just yet, says Rob Fahey. The round you’re polishing is a dud.

Today’s £4 billion loss is eye-watering stuff, but don’t let it distract you from the reality – the problems at Sony run much, much deeper than its balance sheet. Hirai shouldn’t be losing much sleep over the ¥300 billion taxation charge that’s caused so many headlines; but then again, he shouldn’t be sleeping too soundly in the first place.

When former PlayStation boss Kazuo Hirai took over as head of Sony recently, journalists around the globe reached for their Big Book of Cliches. He had, apparently, a mountain to climb. He was confronted with a huge task. It would be an uphill struggle. There was a long road ahead. In summary – Sony’s a bit screwed right now, and Hirai’s going to have to make a lot of very tough and very clever decisions if he’s going to unscrew it.

Today, we discovered the real scale of the problems Sony faces – or, to continue the tortured metaphors, just how high the mountain, how long the road, and how steep the hill that Hirai faces actually is. As widely reported, Sony has just revised its forecasts for the 12 months ended March 31st 2012, and now stands to lose a whopping 520 billion Yen (about £4 billion) for the year.

That’s a lot of money. Except that I want to sound the first note of caution – it’s actually not a lot of money. Yes, £4 billion would buy you a fair few fish suppers, but I say “it’s not a lot of money” because the reality is that it never actually existed. Sony didn’t have four billion quid and then lose it. The accounting behind this figure is a bit more complex.

Sony had what are called “deferred tax assets” in the United States. These are essentially agreements with the US government which would allow the company to enjoy tax credits on its future income. Because of how corporate accounting works, they’re buried somewhere in Sony’s labyrinthine balance sheet as a great big asset – even though they don’t actually exist yet, since they’re just a promise to give the firm tax credits at some point in the future. For various reasons (largely, I believe, the fact that the company isn’t making enough money to actually use those credits), they’re no longer usable, so they have to be taken off the balance sheet – and that means the accountants have to register them as a “loss”, since they’re money (well, “not-money”) disappearing off Sony’s books.

I don’t pretend to understand the full detail of what’s happening here – if I fully understood the intricacies of multi-billion-dollar corporate tax regimes, I think I’d be in a very different career (and live in a very different house, for that matter). However, the bottom line is this – Sony never actually had the ¥300 billion it just “lost”. It looks bloody awful for the company, but it’s an accounting blip rather than a fresh indication that Sony is doomed.

Unfortunately for Kaz Hirai’s hiking boots, though, the mountain that’s left to climb is still pretty steep. The company’s ¥520 billion loss this year will be its worst ever – but even if you take out the ¥300 billion charge from this US taxation peculiarity, you’re still left with a ¥220 billion loss, or a little over £1.7 billion. That’s admittedly a little bit better than last year, when the company lost ¥260 billion – but last year, Sony actually had an operating profit (which is a better way of evaluating whether a firm’s core business is actually making money) of ¥200 billion. This year, it made an operating loss of ¥95 billion, which basically means that its actual business activities – making stuff and selling it – lost a vast amount of money in 2011.

Sony tried to soften the blow today by announcing that in the coming year, they’re going to make a ¥180 billion operating profit – although they didn’t say what would happen to the firm’s sales, which fell nearly 11% in 2011 compared with 2010. If I were to guess, though, I’d say that Hirai would probably be comfortable with a smaller, leaner Sony that can actually make a profit. He’s going to announce his plans for the company soon, but we’ve already heard that 10,000 job cuts are imminent. The rumour in Japan is that the axe will fall hardest overseas, and that’s a bit worrying, because it might suggest that Hirai doesn’t have what it takes to face down Sony’s powerful Japanese executives – the executives who have stubbornly kept the company deeply committed to areas where it can’t possibly hope to make a profit any more, like portable music players and television sets.

Squeezed between hugely powerful and successful rivals – Apple, Samsung, Microsoft and a host of others besides – and under pressure from a historically strong yen which makes it hard to turn a profit overseas, Sony’s challenges are mounting up. The company’s first foreign CEO, British-born Sir Howard Stringer, tried to bring in sweeping changes – but failed to turn the company around. Hirai is younger, deeply versed in the company’s successes with PlayStation, and his education and experience is truly international. He’ll need all of that and more if he’s going to turn Sony, the company which once inspired a young Steve Jobs to emulate it with his fledgling computer manufacturer, into a success story once again. Today’s £4 billion loss is eye-watering stuff, but don’t let it distract you from the reality – the problems at Sony run much, much deeper than its balance sheet. Hirai shouldn’t be losing much sleep over the ¥300 billion taxation charge that’s caused so many headlines; but then again, he shouldn’t be sleeping too soundly in the first place.

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38 Comments

  1. tenthousandgothsonacid

    Nice piece.

    #1 3 years ago
  2. LOLshock92

    xD

    #2 3 years ago
  3. jonahfalcon

    It’s quite a disaster for the thousands of people FIRED by Sony in this economy.

    #3 3 years ago
  4. Patrick Garratt

    Yeah, that’s true. But it’s important to understand it’s not the end of Sony.

    #4 3 years ago
  5. ManuOtaku

    Well even if this money was not real money, it will meant a possible future exchangable money, which might means that it was money sony would think will have in the future as a asset, and now they dont have, therefore maybe they had already made plans for this money, making credits with banks or another financial transactions in order to have “real” money in a short term, well in reality it might be turning a lost in the mid-long term window.

    #5 3 years ago
  6. Spider Law

    good explanation.
    Its exactly what i say to people when they say “Sony is losing big time monies”…i just laugh and explain.

    But, not as detailed as you though ;)

    #6 3 years ago
  7. viralshag

    Yeah, I would hardly say a “blip” leads to 10,000 redundancies. Really, no matter how you want to explain it, a loss IS a loss. If they were doing “alright”, like I’m sure other multi-billion dollar companies are, then they wouldn’t have made as big a loss as that.

    #7 3 years ago
  8. xino

    who is Rob Fahey?
    where have you written before?

    that Steph is a nice woman don’t you agree?:P

    #8 3 years ago
  9. rezenu

    #3: People were let go. They weren’t fired. Being fired and being let go are two different things. I know you’re frothing at the mouth over a bit of bad Sony news. It makes you feel better at night that a company is laying off workers, right?

    Grow up.

    #9 3 years ago
  10. Patrick Garratt

    Rob used to edit GamesIndustry.biz. He’s written for the Times, etc.

    #10 3 years ago
  11. rezenu

    And #7, no one is denying that Sony didn’t have losses. They’re just not as terrible as people are making it out to be. Sony needs to restructure their industries and either leave the TV industry or cut the prices of their TV’s.

    #11 3 years ago
  12. Razor

    All I know is is that Sony is a seriously fucked up company that needs to start making some serious cash pretty sharpish.

    #12 3 years ago
  13. xino

    what happened to the Ripten guy? (his name flew out of my head now)
    you love firing people Pat just like how the publishers fire their employees:P

    get rid of one, hire the next.
    (i joke, I joke)

    recession loves taking over people’s business man

    #13 3 years ago
  14. DSB

    Looks like they’re down 10%. That’s not bad for the size of the “loss”. Some businesses have taken far more just by making less than expected.

    They obviously still have a lot of room to maneuver, and they’re still worth a lot of money, but 10k workers let go is an awful lot.

    @10 Get a room, srsly.

    #14 3 years ago
  15. Patrick Garratt

    Heh. Dave Oshry. We’ll be using him again, definitely. Rob and Dave are both freelancers, so we use them as needed.

    #15 3 years ago
  16. tenthousandgothsonacid

    @10 Talking of which, why is there so much turnover in games journalism generally ? I’ve often pondered this. My best guesd is that it pays peanuts and once the youthful enthudiasm has worn off people get hacked off and get better paying jobs in Burger King (for example). If it sounds like I’m taking the piss I’m not. I’m genuinely interested why no one seems to stick at it ?

    #16 3 years ago
  17. mistermogul

    @3 – Good point. 10000 people they are making redundant aren’t they?

    There are also reports from staff saying they are not going about it very fairly either…

    #17 3 years ago
  18. Prof.Dr.Moertel

    Very interesting read. In my opinion, Sony should definitely streamline its operations. Really don’t see any other option here.

    #18 3 years ago
  19. Mike

    £4 billion loss?! Sony is fucking DOOMED.

    #19 3 years ago
  20. daytripper

    I disliked them at the start of this generation for ridiculous arrogance only matched by some of their irritating fanbase but peoples jobs are at stake, talented men and women and i would rather see Sony stay in competition with Nintendo and MS than not, they have given the consumer some good products and great ips so I hope they get out of the shit.

    #20 3 years ago
  21. daytripper

    oh and nicely written article :-)

    #21 3 years ago
  22. G1GAHURTZ

    Don’t worry…

    PS4 will bankrupt save them.

    #22 3 years ago
  23. Erthazus

    This is not the end of Sony for sure, but this is a START of the End of Sony.

    Because:

    Current Gen TV’s from Sony are one of the most durable TV’s with high quality image and at the same time SUCKY TV’s that require stupid firmware updates. If you look at CES 2012 for example, SONY never won something from journalists. If you look at http://www.Gizmodo.com . Best Products in 2012 in most cases were from other electronic companies and none from Sony.

    Their LapTop’s VAIO SUCK MY HUGE BASEBALL BAT. It’s a typical PC with zero innovation and crazy price for no reason at all.
    If i want to look cool, i will buy a Mac and will look like a hipster.

    Gaming – a lot of terrible decisions in the past (since this gen) with PS3, PSP, PSN, Games and even with Playstation Vita, PSP GO, PSP Phone, PS Move. Yeah, they have great games but they are only CRITICALLY successfull. One shitty game like Halo makes more money then all games that is coming from Sony combined, except for Gran turismo of course.
    But Gran Turismo 5 came out once and that’s it. That’s it.

    Movies – Most of them SUCK or just they are critically acclaimed franchises that don’t sell very well. Let’s see how their Spiderman movie will do in the end. They should do a lot with the latest Spider-man movie.

    Software – Piece of trash. The worst software company of all technology companies. I won’t say much, because even on the Vita, interface is Bad.

    Mobile devices – SUCK Balls. The latest Xperia Play Phone was a complete disaster and i said that long time ago, i remember how CJ tried to defend it as a good alternative to iPhone or other Android smartphones. Well, he is a Sony fanboy and he is just NUTS.
    Xperia latest phone was weird PSP, camera, stuff… Whatever… it was horrible and i’m not talking about Xperia Play, i’m talking about some sexy shit… Well, Sony said that it is sexy.

    Tablets – Have you seen them? Oh damn, they are so bad.

    Sony will die if they won’t do something in the next 2-4 years.

    #23 3 years ago
  24. TD_Monstrous69

    @19 Apparently, someone didn’t read the article, just the headline.
    @18 I agree, but something I feel Sony should correct themselves on going forward, and it’s the one thing they’re notorious for in almost all of their consumer electronics divisions, and that’s pricing. Whether it’s the TV’s themselves, their Walkman MP3 players, or components for certain devices (I’m eying you, proprietary Vita memory sticks), they have the tendancy to price themselves out of the sale.

    #24 3 years ago
  25. LOLshock92

    I wonder if this will have any kind of impact on PS4 development.

    #25 3 years ago
  26. xino

    guys…$4billion lose is like £4 lost out of £10
    Sony are rich man!

    #26 3 years ago
  27. Lounds

    If I were Sony, I’d pull out of the laptop industry, there laptops suck balls, they used to look the dogs, now they look like fisherprice toy.

    #27 3 years ago
  28. sb319

    No one has suggested it is the end of Sony, Pat. But there’s no positive spin to be had here either.

    #28 3 years ago
  29. OrbitMonkey

    ^ Two important points.

    1) @19 suggested this was the end for Sony

    2) Pat hasn’t put a positive spin on this… Quite impartial tbh.

    Er… So what was your point again?

    ;-)

    #29 3 years ago
  30. OlderGamer

    Nice explaination.

    #30 3 years ago
  31. earlyrock

    I also don’t reckon its the end of Sony or even a massively bad thing. Obviously job cuts are always bad and I feel for whoever does lose a job. But this could be a new start for Sony.

    I’d feel less optimistic if Kaz wasn’t in charge. The way he’s turned around the PlayStation side of things in the last couple years is fairly remarkable. If he takes some of that into the company as a whole, I don’t see why they can’t become as strong as they were 20 years ago.

    Basically, Sony needs to do what Apple did in 1997. Think about what they do well at and focus on it, and remove every single element of what they do bad at. Get rid of the crap and bloat, and focus on quality.

    #31 3 years ago
  32. landguy

    There is one major problem with this articles premise… If Sony took the loss now, that means they had the gain at some other time. So, the reason why this is a big deal is that it is like losing a billion. If you went and bought a car today for 30,000 and tomorrow you found out it is worth 300, you have just lost a ton of money. And the bank or whoever that borrowed you the 30,000 is going to be pissed! Also, because Sony had this on their balance sheet, that means the companies value just dropped by that much overnight-now the investors are pissed at a billion worth of value disappearing due to mismanagement.

    #32 3 years ago
  33. Kuwabara

    Sony will always exist as company, and the ps4 will by far be the best next gen console, with the best exclusives, once again.

    #33 3 years ago
  34. Christopher Jack

    @23, How am I a Sony fanboy? Even sold my PS3 a few weeks ago. Also to note, the Xperia Play was never a bad device, it just had an outdated SoC but was priced just as steep as next gen SoC devices like the SGS2, the difference depends on whether or not you actually want the gamepad which I’d imagine would be a must have for all the emulator fanatics.

    I happen to own a Nexus S & I can say for certain I wouldn’t NEED anything more in terms of power from a smartphone & the Play is about the same. I never said the Play was a present from god, I just never understood all the bullshit flying from your trolling mouth aimed at it. It was charged at the same price as the Xperia Arc running the same Soc with the same price, lacking the gamepad, why not have your bitchfest at that?

    I also fail to see how you think that this is ugly http://eurodroid.com/pics2/xperia-s-white.jpg but whatever floats your boat, it is your opinion after all but because you are an extreme narcissist, you cannot possibly conceive that someone has a different opinion, your opinion is apparently law.

    Now, if you’re looking for a true Sony fanboy, rather than someone to chuck names at, look at the post prior to mine.

    #34 3 years ago
  35. Da Man

    Narcissist is a wrong word, ‘retard’ is what you’re looking for.

    #35 3 years ago
  36. Christopher Jack

    Yes but people tend to take offence to retard because of its common association with those who suffer from mental disorders. Besides, Narcissist is so much more accurate. It’s not so much that he’s incredibly dumb, just extraordinarily arrogant with a one-track mind set, either his way or no other possible way.

    #36 3 years ago
  37. Da Man

    Well, no that’s the point. He is.

    #37 3 years ago
  38. onyxbox

    Wow, is Erthazus always like this?

    (needs to get a life by the looks of things)

    #38 3 years ago

Comments are now closed on this article.

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    Destiny is finally getting the vault space upgrade players have been begging for almost since launch week. Destiny players can currently use vault space to store 20 pieces of amour, 20 weapons and 20 general item stacks. In the latest Bungle Weekly Update, the developer revealed that as of patch 1.1.2, due before House of […]

  • Half-Life 2: Update mod applies some sparkle to the original title

    Half-Life 2: Update will be available tomorrow, and thanks to the modding community, those who own the vanilla version of the game can apply a visual update to the 2004 title. The comparison video shows you the differences between the original version, and the version with Half-Life 2: Update applied. Here’s what the mod includes: […]

  • Neverwinter MMO can now be pre-downloaded on Xbox One

    You can now pre-download the free-to-play Neverwinter MMO on Xbox One. The game launches on March 31, but you will still need an Xbox Live Gold account to play it. Based on the Dungeons & Dragons franchise, the game can be downloaded from the Xbox Store.

  • Destiny of Spirits will go offline starting next month

    Sony will be ending service for Destiny of Spirits starting next month, Sony has announced. The free-to-play Destiny of Spirits was released in late March 2014 on Vita, and tasked players with collecting supernatural forces appropriate to their geographical location, and then trading them with others online. Gravity Rush spirits were added to the game […]

  • MotoGP 15 is out this spring on PC, last and current-gen consoles

    MotoGP 15 will be released in June on PC, PlayStation 3, PS4, Xbox 360 and Xbox One, Milestone has announced. Bike, rider and team customization are part of the latest release in the franchise, along with time-trials and enhanced career options. The game features over 20 bike models divided into three classes: MotoGP, Moto 2 […]

  • Cities: Skylines players should check out Nakatomi Plaza and Wayne Enterprises

    Nakatomi Plaza and Wayne Enterprises can now be yours in Cities: Skylines. Die Hard fans will be familiar with Nakatomi Plaza. Those who have never watched the first film and live in Los Angeles know it by its real-life name, FOX Plaza. It was created by Enos Shenk and is available through Steamworks. Those who […]

  • Call of Duty franchise has sold 175M copies, players have thrown 300B grenades

    With the Call of Duty Championship kicking off tomorrow, Activision has sent over a series infographic full of interesting figures such as the number of copies sold over 10 years and how many grenades players have tossed. According to the stats below, the Call of Duty franchise has sold 175 million copies across all platforms […]

  • Save up to 75% on select SEGA games on Steam this weekend

    SEGA has put many of its games on sale through Steam this weekend and the firm has also announced Eastside Hockey Manager is now available through Early Access. The sale runs through March 30. The entire Total War, Company of Heroes and Dawn of War back catalogs are discounted 75% and all associated DLC is […]

  • Batman: Arkham Knight PC confirmed as digital download-only in UK

    Batman: Arkham Knight will indeed be a download-only title on PC in the UK, Warner Bros. has confirmed to VG247. Batman: Arkham Knight will be available as both a physical and digital release for PS4, Xbox One and PC in North America and Europe. Again, in the UK, the PC version will be “available as […]

  • Rainbow Six Siege release date set for October per GameStop Italy – report

    GameStop Italy may have let the release date for Rainbow Six Siege slip if a recent listing is accurate. According to the listing, the game will release on October 16. While this could be a placeholder date, October 16 is a Friday in the UK, the usual day new releases land at retail. The release […]

  • Watch the $1 million Call of Duty Championship right here

    The The Call of Duty Championship takes place this weekend, and you can watch all the action as it unfolds right here. The event takes place in Los Angeles tomorrow March 27 and runs through March 29, and the livestreams are below. 32 teams from five continents and 11 countries will be competing in Call […]

  • Battlefield Hardline: Battlefest kicks off this weekend with Double XP

    A new season of Battlefest kicks off this weekend, and starting today, you will earn Double XP in Battlefield Hardline. Battlefest for Hardline is similar to the event held for Battlefield 4 last year. For the entire month of April and into May, in-game events and competitions will be held by the developers and player […]

  • Don’t forget: the GTA 5 PC pre-order bonus cutoff is March 31

    Just a friendly reminder to those planning on purchasing GTA 5 for PC: you have until March 31 to pre-order if you want all the bonuses on offer. Those who pre-order will be handed $1 million in-game cash plus a bonus $300,000. It is split between GTA 5 and GTA Online: $500,000 for Grand Theft […]

  • Games with Gold offers doubled for April – six games instead of three

    Microsoft’s April Games with Gold collection is being doubled. For the month Xbox Live Gold members will receive six instead of three games free. Here’s what’s on offer: Pool Nation FX: Available all month on Xbox One Child of Light: Available all month on Xbox One Gears of War: Judgment: Available from April 1-15 on […]

  • Pokemon players can grab a code for Shiny Charizard at GAME in April

    Pokemon Omega Ruby and Alpha Sapphire players along with Pokemon X and Y owners can grab a free, rare Shiny Charizard from April 3 at one of GAME’s 320 stores in the UK. The redeemable codes for the character will be made available upon request and no purchase is necessary. Those who pop into one […]

  • F1 2015 will arrive on PC, PS4 and Xbox One in June, includes Mexico circuit

    Codemasters has announced its F1 franchise will make its series debut on PlayStation 4 and Xbox One this June with the release of F1 2015. The game was developed using a new engine and contains improved handling and physics for all vehicles and parts attached. This includes: engine, transmission, aerodynamics, fuel tank, force feedback, suspension […]

  • Mortal Kombat X video confirms Liu Kang as playable character

    Liu Kang has been confirmed as a playable character in Mortal Kombat X in the latest video. You’ll also notice Bo’ Rai Cho in there as well. In the Shaolin trailer above you also get a look at Kung Lao and Kung Jin who is new to the series. Apparently, Raiden’s past champions of the […]

  • Short teaser for Star Wars: Battlefront shows the Battle of Hoth

    A short teaser for Star Wars: Battlefront has been posted by EA on Twitter. Well, that speeder isn't going anywhere. Can someone give us a lift to @SW_Celebration http://t.co/srEVrAA0zl #SWCA https://t.co/4W4LG8myke — EAStarWars (@EAStarWars) March 25, 2015 The teaser shows vehicles which we could be using in the game, but it mainly shows the snowy landscape […]

  • Pillars of Eternity releases today – get all the review scores here

    Pillars of Eternity, which still stands as the second most-funded video game on Kickstarter, finally releases today. It’s also getting some rather positive reviews scores, which we’ve rounded up for you. The isometric, party-based RPG from Obsidian Entertainment was one of the first video game projects to take to Kickstarter, and hit its $1.1 million […]

  • Take an in-depth look at Evolve’s Behemoth monster and four new hunters

    Evolve’s fourth monster, the Behemoth, as well as the four new hunters are shown off in new gameplay video. Evolve’s latest gameplay trailer gives everyone a good look at each of the four new hunters and the massive Behemoth monster. The hunters can be bought either separately or though the hunting pass, while the monster […]

  • PS4 firmware update 2.50 causing issues with Killzone: Shadow Fall

    The suspend/resume feature in PlayStation 4′s 2.50 firmware update is causing some issues with Killzone: Shadow Fall. Killzone: Shadow Fall developer Guerrilla has said that the game is experiencing some issues in some instance where the suspend/resume feature is used. The timing of when players put the game in suspend mode does have an effect, […]

  • Bungie on Destiny matchmaking: “We believe there’s no substitute for a pre-made team”

    Crazy though this may seem, it’s possible that Destiny shipped according to plan. History points to community as a crucial component, far from the contingency that many now suspect. Paul Davies spoke to Bungie for clarity. “The community always engineers the best solutions for bringing players together. While Matchmaking is a great resource for introducing […]

  • Bloodborne works with suspend/resume, but only offline

    PlayStation 4′s newly-added suspend/resume feature works with Bloodborne as you’d expect, but only while offline. PlayStation 4 received the long-awaited suspend/resume feature today as part of firmware 2.50, and people are starting to test it out with various games. Bloodborne does work with the feature, but only if you play offline. Playing online is arguably […]

  • This is what Crossy Road looks like in first-person

    Crossy Road is fun and addictive. But in first-person, it’s mostly frightening. YouTube user Andy Front Films likes Crossy Road so much he decided to show off what it would look like in first-person. If crossing roads quickly and watching around for cars and trains, all of this as the camera chases you felt intense […]

  • Take a small behind-the-scenes peek at Mass Effect 4

    BioWare cinematic director Ken Thain has given us a very slim look behind the scenes at some motion capture work from the upcoming Mass Effect game. The upcoming Mass Effect game, whether it ends up being called Mass Effect 4 or not, will most definitely incorporate some form of motion capture work. How do we […]

  • Borderlands: The Handsome Collection – 8GB day one patch on PS4, 16GB on Xbox One

    Day one patches for Borderlands: The Handsome Collection are pretty hefty. Both the PlayStation 4 and Xbox One versions of Borderlands: The Handsome Collection require players to download lots of gigabytes to make the experience as smooth as possible. The PlayStation 4 version has an 8.31GB day one patch. The Xbox One version however has […]

  • Get a PlayStation 4 with Bloodborne and The Last of Us for $435

    If you’ve been waiting for the perfect game to get to buy a PlayStation 4, there’s no better time than the present. Amazon is offering a good PlayStation 4 bundle at the moment. For $434.99, you get a PlayStation 4 console, The Last of Us, and Bloodborne. The Last of Us is of course the […]

  • Upcoming Battlefield Hardline patch to nerf the K10, buff battle rifles

    Battlefield Hardline’s first patch will focus on weapon balance and a few changes have been proposed. Battlefield Hardline lead multiplayer designer Thaddeus Sasser posted a few of the balance changes that the team is considering for the next patch. K10: reduce bullet damage to 33 Saiga and PTR: reduce recoil to bring more in line […]

  • Call of Duty: Black Ops 3 and a new Resident Evil game coming this year, according to research firm

    According to digital games analyst SuperData, a new Resident Evil game is due this fall and that this year’s Call of Duty is Black Ops 3. In its latest report on digital console games, research and analytics firm SuperData revealed that a new Resident Evil is coming this fall. “We anticipate this month’s downturn to […]

  • Bloodborne: you can add gestures to your messages

    As players get deeper into Bloodborne, they keep uncovering so many of its little new additions, including this one. Bloodborne, like all of the Souls games before it, allows players to leave messages for other players. These messages could be used to point players towards impending doom, treasure, or just be sarcastic and witty. What […]

  • PlayStation 4 firmware update 2.50 is now live

    PlayStation 4 firmware update version 2.50 has started rolling out. Reports are coming in saying that Yukimura, PlayStation 4′s firmware 2.50 has been made available to download. The update is clocking in at just 245mb, so get downloading. 2.50 brings with it many new additions, including the suspend/resume feature, backup and restore, accessibility options and […]

  • Harley Quinn DLC for Batman: Arkham Knight is a prequel

    Batman: Arkham Knight’s Harley Quinn pre-order DLC is set before the events of the main game, according to Amazon’s description. Today we learned a few details about the pre-order DLC for Batman: Arkham Knight, namely the Harley Quinn one. According to the description on Amazon, the DLC takes place in the lead-up to the events […]

  • Bloodborne Vicar Amelia summon mystery solved

    Bloodborne players unable to summon near Vicar Amelia: here’s your solution. Bloodborne’s secrets are unfolding by the hour as clever players piece together From Software’s cunning design. Yesterday we reported problems summoning in the Cathedral Ward, before the Vicar Amelia boss fight. It turns out this isn’t a bug – or if it is, it’s […]

  • Steven Spielberg will direct film adaption of Ready Player One

    Steven Spielberg will direct the film adaption of the sci-fi, virtual world, video game themed novel Ready Player One by Ernest Cline. Warner Bros. bought the rights to the film in June 2010 and hired screenwriter Zak Penn to rewrite the previous draft written by Eric Eason, according to Deadline. The book takes place in […]

  • Bloodborne players with PS4 headsets shouldn’t forget about the custom audio

    Here’s a friendly reminder for Bloodborne players with PS4 headsets: be sure to download the Headset Companion App from the PlayStation store if you haven’t already. As previously reported, the game supports a custom Bloodborne audio mode which can be uploaded. It contains custom audio created by developers specifically tuned to enhance the audio. This […]

  • EA explains why FIFA Ultimate Team transfer prices are now platform specific

    EA has posted a blog entry explaining its FIFA Ultimate Team transfer market price ranges which now include platform-specific pricing in order to best the coin sellers. EA said it has implemented the changes to FUT over the last several weeks because it should be “fair and fun for every player,” ultimately coming to the […]

  • Game of Thrones: Episode 3 – The Sword in the Darkness now available

    In case you forgot, Game of Thrones: Episode 3 – The Sword in the Darkness was released today. It is available on Mac, PC, PlayStation 3, PS4, Xbox 360 and Xbox One. The third episode releases on iOS devices and Android tomorrow, March 26. The Sword in the Darkness finds Asher Forrester heading to Mereen […]

  • Bloodborne players are already documenting their crazy antics

    Bloodborne has been available for almost two days now in North America, and already players are posting interesting clips and character customization choices for the game. Below are interesting takes on creating a character and videos of a frustrating death and another full of blood coming from a very painful place – monster or not. […]

  • FIFA Ultimate Team celebrates sixth year in existence with giveaways

    FIFA Ultimate Team is celebrating its sixth year in existence with special events running from today until March 29. According to EA, every FUT fan will be handed one free pack every day, and those who play at least one match in the FUT Birthday Cup will have a chance to win rare “tradable In-Forms” […]

  • Halo Online is a F2P PC game in development exclusively for Russia – video

    Halo Online is a free-to-play game which will launch this spring in Russia, and is in development with Saber Interactive. According the reveal event attended by IGN Russia, the game was designed to run well on lower-end PCs and runs on a modified Halo 3 engine. The game is set on a secret UNSC space […]

  • SteamWorld Dig Xbox One release expected in late May

    SteamWorld Dig is coming to Xbox One, developer Image & Form has announced. A firm release date hasn’t been announced, but the studio expects the title to arrive on the system in late May. “We’re preparing quite an elaborate Easter egg for the Xbox One version – a gaming thing that we really wanted to […]

  • SMITE celebrating first anniversary with a sale on skins, Ultimate God Pack

    Hi-Rez Studios is celebrating the first anniversary of SMITE with a sale. From today through Friday, March 27, the Ultimate God Pack, which includes all current and future Gods, will run you $19.99. Alll individual pre-launch skins are 50% off, and all Gem Packs will award bonus gems. In addition, from March 27-29, all SMITE […]

  • Borderlands 2 has sold around 12 million copies, says Gearbox

    Speaking with Microsoft’s Major Nelson in his podcast, Gearbox Software boss Randy Pitchford stated Borderlands 2 has sold somewhere around the 12 million mark. As of August 2014, it was announced by Take-Two in its financial report the 2012 game had sold-in 10 million units. Pitchford noted in the podcast he learned of the figures […]

  • Broken Age releasing on PS4 and Vita same day as Act 2 on PC

    Double Fine Productions has announced it will release Broken Age on the PlayStation Store next month. Act 2 will also be released on PC. The full Broken Age adventure will release on PlayStation 4 and Vita on April 28 in North America and April 29 in Europe. It features cross-buy and cross-save. Broken Age Act […]

  • Star Citizen earned another $1 million within two weeks – total hits $76 million

    Star Citizen continues its funding streak with backers pumping another $1 million into the game’s development in the last two weeks. The total earned for the space sim has now reached $76 million ($76,015,532 to be exact) with 851,395 backers contributing to the staggering figure. Star Citizen’s latest update was version 1.1 which included two […]

  • Final Fantasy Type-0 HD, Resident Evil Revelations 2 and Battlefield: Hardline top Media Create charts

    Final Fantasy Type-0 HD, Resident Evil Revelations 2 and Battlefield: Hardline were the big ticket debuts during the March 16-2 period in Japan, with each game claiming the top three slots on the Media Create charts, respectively. Final Fantasy Type-0 HD moved 92,094 on PlayStation 4, while Resident Evil Revelations 2 moved 73,373 units on […]

  • You can now learn English or Spanish on Xbox One with the Rosetta App

    Want to learn English or Spanish? Rosetta Stone has an App for that on Xbox One. According to the language teaching firm, Rosetta Stone’s Discover Languages, the new application teaches English and Spanish by way of immersive simulation. Users will virtually travel to learn vocabulary and grammar “necessary for real-world interactions.” Here’s how it works: […]

  • PayDay 2 and PayDay: The Heist have sold over 9 million units combined

    The PayDay franchise is a lucrative IP for Starbreeze and Overkill, as both games combined have sold over 9 million copies as of November 2014. The company has also sold over 8 million paid DLC packages since PayDay 2 was released in 2013 (via NeoGAF). In its Q2 half year report issued in February, net […]

  • Nintendo wants to “surprise” customers with NX, not expand upon existing hardware

    Nintendo president Satoru Iwata has firm wants to “surprise” players with its new NX system. Speaking in an interview with Nikkei, translated by Kotaku, Iwata wouldn’t go into details on the new system, but stated expanding on a current gaming system would be “dull.” “In the past few years, the idea of what [encompasses] a […]

  • Kojima Station show suspended

    In another episode in the the ongoing kerfuffle between Hideo Kojima and Konami, the publisher has suspended the Kojima Station web show. Recent tweets from the newly created Japanese Metal Gear Solid account confirm that Kojima Station will not be broadcast tomorrow, but would not provide a date for the next episode. The Tweets were […]

  • Watch Battle Royale for free this weekend on Xbox Live

    Square Enix is celebrating the launch of Final Fantasy Type-0 HD by offering Xbox Live members in the UK a free rental of Battle Royale. Starting Saturday, March 28 and through Sunday, March 29, Xbox Live members in the UK will be able to rent Battle Royale through the Xbox Video Store, for free. The […]

  • Bloodborne journal, part 1: managing anxiety on the path to the Cleric Beast

    Bloodborne is both like and unlike the Souls games. Brenna descends into Yharnam with reluctance and trepidation. Need help succeeding in Bloodborne? You need our Bloodborne walkthrough and boss guide. Bloodborne isn’t Demon’s Souls or Dark Souls. Let’s get that out of the way right off. I enjoyed both Dark Souls games, but it was […]