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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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    The next update for Elite: Dangerous is coming next month and it includes a new feature called Powerplay. According to Frontier Developments, Powerplay allows players to participate in an ongoing battle that “enhances every aspect” of the game. Players can become allies with a number of galactic Powers and guide their strategy, pursue objectives in […]

  • Facebook says it’s “too early” to discuss large-scale shipments of Oculus Rift

    Facebook has said it is “too early” to discuss large-scale shipments of Oculus Rift as the VR headset is still in the development stages. Speaking during a call to investors, Facebook CFO David Wehner said the company had nothing to announce regarding the amount of stock it expected to ship. “We have not announced any […]

  • Battlefield Hardline’s first patch and rental server program hits next week

    Battlefield Hardline’s first patch has a release date for both consoles and PC. PC & Console patch and RSP for Consoles coming April 28th. Fixes include TDM spawns and more: http://t.co/BZYJeomPlr pic.twitter.com/27TCiY8hmf — Battlefield (@Battlefield) April 23, 2015 The update will include fixes to Punkbuster, Nvidia DirectX drivers, TDM spawns, contains weapon balance tweaks and […]

  • Modders can now earn money through Steam Workshop starting today with Skyrim

    Valve has introduced a new functionality within Steam Workshop which will allow mod makers to earn money for their creations, starting with Skyrim. The update will allow content such as mods, items, or maps to be sold through Steam Workshop for titles which have the feature enabled. A new “streamlined process for listing” has been […]

  • Play Skyrim for free this weekend on Steam and take 75% off while you’re at it

    Skyrim is free this weekend on Steam providing wanna-be Dragonborns who have procrastinated on wetting their blades with Stormcloak blood the perfect opportunity to give the RPG a try. Head over to Steam and download the game and play for free until April 26 at 1am PDT. The game is also 75% off if you […]

  • Call of Duty: Black Ops 3 “Ember” teaser video released ahead of full reveal

    Activision has released a Call of Duty: Black Ops 3 teaser video titled “Ember” and you can watch it right here. Here’s the video blurb: “In the next 50 years, technological advancements will lead us into a world where only those who risk going too far, will find out how far we can actually go.” […]

  • Dragon Age Keep update includes more customizability and control

    Bioware has updated Dragon Age Keep after listening to community feedback. The update includes more customization and control over heroes, world states, career and more. Players can now customize hero portraits or delete Dragon Age: Inquisition heroes from the Hero section. They can also remove playthrough states from the World State Manager and keep up […]

  • Here’s a look at some Conker community creations in Project Spark

    Conker’s Bug Reunion releases today, and below is a video showing some of the community creations you will be able to download using the creation pack. Project Spark is a free download on Xbox One and Windows 8.1, and you can download the Conker Creation Pack today. It contains 350 assets in order for users […]

  • Rainbow Six: Siege video shines spotlight on the British Counter Terrorist Unit

    Ubisoft has released a Rainbow Six: Siege video which gives you a look at the British Counter Terrorist Unit which features “the best of the Army, Navy, and Air Force.” The firm said that over the next few weeks it will introduce the public to each of the units in the game. Rainbow Six Siege […]

  • Mario Kart 8 DLC and Mewtwo for Super Smash Bros. headline eShop update in North America

    Nintendo has updated the North American end of the eShop with an update and new DLC for Mario Kart 8 and the Mewtwo DLC for Super Smash Bros. Other highlights include Mario Kart DS on Wii U Virtual Console, the continuation of International StreetPass Week and more. Full update is below. Nintendo eShop Mario Kart […]

  • Square Enix host E3 2015 conference this year on June 16

    With Final Fantasy 15, Rise of the Tomb Raider and Deus Ex: Mankind Divided on the horizon, it should come as no surprise to learn that Square Enix will be hosting a dedicated E3 2015 conference this year. The presentation will take place Tuesday, June 16 at 9am PDT/12pm EDT/5pm UK. It will be broadcast […]

  • Final Fantasy 4: The After Years 3D remake releasing on Steam next month

    Final Fantasy 4: The After Years has been given a makeover and will be released on Steam of PC next month. You can now pre-order it on Steam and take 10% off for the time being. The game will be released on the digital service May 12 and will include trading cards and achievements. Thanks, […]

  • This Project Cars video shows off the racer’s multiplayer

    Project Cars developer Slightly Mad has released a new video giving you a look at the game’s multiplayer. The game is out next month, and if you would like to refresh yourself on the tracks included,  give this a look. While you are clicking links, here’s the minimum and recommended PC specifications which dropped last […]

  • Looks like Logitech is getting out of OEM mouse production business [Clarification]

    Logitech will no longer produce “low-end” mice, citing a decline in PC accessories. This story has been updated to include a clarification. According to a Reuters report, per MCV, the firm will instead focus on video accessories and streaming music, as its wireless Bluetooth speakers are now its best-selling product rage. This will help offset […]

  • Win! We have 1,000 Heroes of the Storm beta keys to give away

    Must have more MOBA? Win one of our 1,000 Heroes of the Storm beta keys and see if you’re more Blizzard than LoL. Can’t wait for June 2? Of course you can’t. We have 1,000 closed beta keys for Heroes of the Storm to give away this week, allowing you access before Blizzard’s MOBA goes […]

  • Xenoblade Chronicles X Nintendo Direct airs tomorrow, April 24

    A Nintendo Direct devoted entirely to Xenoblade Chronicles X will air this Friday, April 24. The video showcase will start at 11am PDT/2pm EDT/7pm UK. After the showcase, a new Nintendo Treehouse: Live presentation featuring the game will air. This is the second Xenoblace Chronicles X Nintendo Direct, but the first in English. The first […]

  • Blizzard will have 500 game stations set up at gamescom 2015

    Blizzard is heading to gamescom 2015 in August and it will have 500 game stations set up for attendees to get their hands on five of its titles. The developer will be set up in Hall 7 and those who stop by will be able to get hands-on with the latest content for Heroes of […]

  • PS4 price cut to £299 in UK

    Sony has dropped the price of the PS4 in the UK. For a limited time only, you can grab the console for £299.99 from Argos, Game, Tesco and Very. Go to Amazon.co.uk and you’ll get it for £289. You’ve only got until April 28, then it goes back up to £349. Go, go, go. For […]

  • Mad Max: first ever gameplay footage revealed

    Today, we get to finally take our first look at gameplay from Mad Max. Avalanche and Warner Bros. have shown off the first gameplay trailer for Mad Max today. The trailer below offers a look at melee combat, car combat, customisation and much more. Give it a watch below: There are a few new screenshots […]

  • Overlord: Fellowship of Evil has four-player co-op like we figured

    Codemasters has pulled the veil back on the next Overlord game, and its a four-player co-op game called Overlord: Fellowship of Evil. Rhianna Pratchett is back to write the story. The game may be co-op at its core, but it can still be played single-player. Each of the four playable character have strengths and weaknesses, […]

  • Update now available for Pokemon Omega Ruby and Alpha Sapphire, Pokemon X and Y

    Pokemon Omega Ruby and Alpha Sapphire along with Pokemon X and Y are being updated by Nintendo to fix a few bugs and in-game text. There’s also the possibility of a few hacks and exploits being fixed. Per Nintendo Life (via Serebii), both patches are 250-270 blocks in size, and it’s a mandatory update which […]

  • Side-scrolling cover shooter Not a Hero gets a demo

    Not a Hero, the upcoming game from OlliOlli developer Roll7, has received a demo. The demo for Not a Hero was made available today on Steam. In the game, you play as Steve, the campaign manager for BunnyLord. A time-travelling rabbit who’s running for mayor of London. Think this is an absurd premise? This trailer […]

  • You have until April 30 to export your Green Day: Rock Band tracks to Rock Band 3

    Harmonix has announced that those looking to export their song collection from Green Day: Rock Band into Rock Band 3 can only do so until the end of the month. April 30 will be the cutoff date for anyone who wants to export tracks from Green Day: Rock Band into their Rock Band 3 library, […]

  • Batman: Arkham Knight minimum, recommended, and ultra PC specs revealed

    Batman: Arkham Knight is looking like it’s going to be quite a taxing game. Nvidia has released a list of the minimum, recommended, and ultra PC requirements for Batman: Arkham Knight. Here’s the full thing: Minimum OS: Win 7 SP1, Win 8.1 (64-bit Operating System Required) Processor: Intel Core i5-750, 2.67 GHz | AMD Phenom […]

  • Bloodborne patch 1.03 is live, reduces loading times, fixes suspend/resume bugs, more

    Patch 1.03 is now live for Bloodborne. The patch reduces loading times, adds item descriptions to loading screens, and fixes other various bugs. From Software has pushed update 1.03 live to all Bloodborne owners. As promised, it reduces loading times by approximately 5 to 15 seconds. Another new addition is showing item descriptions instead of […]

  • Battlefield 4: first look at Community Map in action

    Get your first look at the map designed by the community of Battlefield 4. Battlefield 4′s community-designed map is a reality. DICE has recently updated CTE to include an early version of the map. It’s not fully textured as Westie is about to show you, but the layout is nearly finalised. Westie goes over the […]

  • Microsoft apologises for uploading misleading Witcher 3: Wild Hunt footage

    Xbox’s YouTube channel uploaded a video of The Witcher 3: Wild Hunt yesterday that was captured from the PC build. The most recent gameplay video for the The Witcher 3: Wild Hunt appeared on the Xbox YouTube channel and showed a quest from the game’s opening section. A few minutes after it had gone live, […]

  • Assassin’s Creed creator’s new game is Ancestors: The Humankind Odyssey

    Ancestors: The Humankind Odyssey is the game Assassin’s Creed creator Patrice Desilets has been working on. Patrice Desilets has just announced that the next game his indie studio Panache Digital Games is making is called Ancestors: The Humankind Odyssey. The announcement comes from Desilets’s keynote at the Reboot Develop event in Croatia. The trailer started […]

  • Bloodborne: Cathedral Ward closed door mystery solved

    The mystery of the locked door at the bottom of the Cathedral Ward in Bloodborne has been solved. Bloodborne, like earlier From Software games, is filled with doors that don’t open the first time you try them. Some will give you “locked” messages, others “does not open from this side”. Some of these will open […]

  • Assassin’s Creed creator Patrice Desilets is revealing his next game now [UPDATE: ended]

    Patrice Desilets, one of the original creators of Assassin’s Creed is hosting a presentation where he’s expected to talk about his next project. Patrice Desilets has emerged once again. This time he’s attending development conference in Croatia. Desilets is giving a live keynote and there’s a good chance we’re going to hear about his next […]

  • Destiny House of Wolves: everything you need to know about gear upgrades & The Reef

    Bungie revealed plenty of important details in last night’s Destiny stream. Let’s go over everything. Alex wants to make sure you don’t miss any of the information revealed yesterday. Most of it affects all Destiny players too, even those who don’t intend on buying House of Wolves. During the first stream, Bungie explained the armour […]

  • Mod-friendly Galactic Civilizations 3 will leave Steam Early Access in May

    Galactic Civilizations 3 will leave Steam Early Access next month for a full release, Stardok has announced. The developer called the game the “largest and most diverse strategy sandbox to date,” as players have a variety of tools such as diplomatic treaties to resource exchanges, and United Planets resolutions to hundreds of research directions for […]

  • Ys 6: The Ark of Napishtim is out next week on PC – here’s the pre-order trailer

    Ys 6: The Ark of Napishtim will be released next week on PC, and today, we have a pre-order trailer for you. The game will be made available on April 28 for $19.99/€17.99/£13.99 on GOG, the Humble Store and Steam. Along with improvements over the original PSP version, it will contain less backtracking, controller support […]

  • Destiny: House of Wolves – full gear set up to level 34 in PvP and PvE, upgrades, more

    The Destiny: House of Wolves livestream this afternoon was chock full of information. Read onward for our full report. According to Bungie, Petra Venj, who serves the Queen, is the main story agent who leads the player through the main series of quests. Players who complete bounties will be able to level up in her […]

  • Destiny: House of Wolves – watch the livestream right here

    Bungie will host a Destiny: House of Wolves livestream at 2pm EDT today, and you can watch it right here. Watch live video from Bungie on www.twitch.tv The stream will introduce the new social space, The Reef, as well as gear upgrade paths. House of Wolves contains new Strike missions, The Prison of Elders three-player […]

  • FIFA Ultimate Team: week of April 22 team includes Barcelona, Chelsea players

    This week’s FIFA 15 Team of the Week is now available for FIFA Ultimate Team players. Each team member, as with previous weeks, is selected base on the previous weekend’s matches. Here’s the list of players now available: Starting GK: Claudio Bravo – FC Barcelona (Spain) CB: Leonardo Bonucci – Juventus (Italy) CB: Ömer Toprak […]

  • Sony’s Spring Fever Sale winds down with Shovel Knight and Call of Duty discounts

    It’s the final week of Sony’s Spring Fever Sale which means more games have been added to the mix. Shovel Knight, which launches today is one offer, and the rest are all Cal of Duty titles. The Taken movie series is on sale as well. With Shovel Knight available today on PlayStation 3, PS4 and […]

  • Drivers for Xbox controllers, voice messages, more features available in Xbox One preview

    Microsoft has announced new features coming to Xbox One and the Xbox App on Windows 10 through the preview program this month. Some of the new features have been requested by the community for both Xbox One and Xbox One SmartGlass. Here’s what to expect, straight from the horse’s mouth: Xbox on Windows 10 Game […]

  • Total War: Warhammer has been announced for PC, Mac, SteamOS

    Total War: Warhammer has been announced after previous teases from The Creative Assembly touched upon it. The game will contain “gigantic monsters, flying creatures, legendary heroes and storms of magical power.” It is also the first in a trilogy which includes two additional standalone titles and extra content packs. It will feature thousands of warriors […]

  • This video for The Witcher 3: Wild Hunt features a quest from the prologue

    A new video for The Witcher 3: Wild Hunt has been released, showing off the Precious Cargo quest contained in the game’s prologue. The quest tasks Geralt with helping a merchant retrieve a mysterious box from the swamps. The scene looks familiar, but we’ve seen so many videos for the game it’s hard to tell […]

  • Limited public beta for The Elder Scrolls Online kicks off tomorrow on consoles

    The limited public beta for The Elder Scrolls Online: Tamriel Unlimited will launch on PlayStation 4 and Xbox One tomorrow, and Sony has provided details on the tester for those who’ve been invited to participate. The beta test contains the full version of the game and will run from April 23-27, and will start and […]

  • Dying Light debuts in second place on Media Create charts

    Techland’s Dying Light made its debut in Japan lats week, coming in a respectable second place behind Nintendo’s Girls Mode 3: Kirakira Code. The zombie shooter sold 25,530 units on PlayStation 4, while the top earner for the week moved a little over 55,000 units on 3DS. Another western release when landed on the chart, […]

  • Lord of Magna: Maiden Heaven will release in the west this June

    Lord of Magna: Maiden Heaven has been given a release date by XSEED Games, which announced the localization back in February. The title will launch for 3DS in North America on June 2 digitally and through retail. It will be an eShop only title in Europe and Australia when it releases on June 4. A […]

  • This Overlord video teases four new faces of evil

    A new Overlord game is in the works, going by the previous teasing and this video – which teases the possibility of four-payer co-op. Or just four characters to choose from. We don’t know just yet – all we know is the team is asking you to “join the fellowship.” A new entry in the […]

  • GTA movie will star Daniel Radcliffe as Rockstar’s Sam Houser, the BBC confirms

    The GTA movie Game Changer will star Daniel Radcliffe as Rockstar co-founder and president Sam Houser, theBBC has confirmed. The BBC also confirmed Bill Paxton will play Jack Thompson, a role Paxton already confirmed last week when speaking with Deadline. Here’s the synopsis per the BBC: “Conceived for an adult audience, this special 90-minute drama […]

  • Take a look at Etrian Odyssey 2 Untold’s Classic Mode

    Etrian Odyssey 2 Untold’s Classic Mode has received a trailer today. Etrian Odyssey 2 Untold will come with two modes, Classic and Story. Classic Mode was trailered today and in it, you’ll get to make your party by choosing from 13 classes. You’ll be able to customise them too using the character creation tool. Revamped […]

  • Shovel Knight: Plague of Shadows to come with new challenge mode

    Shovel Knight’s upcoming expansion Plague of Shadows will bring with it a new challenge mode. Shovel Knight developer Yacht Club Games has revealed the challenge mode, one of the new additions coming to the game with the free Plague of Shadows expansion. “Are you more into digging than distillation? Already have your Feats book long […]

  • Nvidia releases complete graphical guide for GTA 5

    Those with GeForce cards will be happy to know that Nvidia has released a comprehensive graphical tweaks guide for GTA 5. Nvidia usually produces graphical guides for the big AAA games, and GTA 5 is no different. Their guides offer in-depth coverage of each in-game setting, how much they affect framerate, if they can be […]

  • Cthulhu voodoo: why Bloodborne is the best Lovecraftian game

    Sherif Said tackles Bloodborne’s links to Lovecraftian horror, explaining why you should face the madness and immerse yourself in its lore. Spoilers inside. No other game could commit to its themes so religiously without feeling the need to compromise its vision and veer towards accessibility. Bloodborne stands tall above any game that dares attach itself […]

  • WWE 2K15 is coming to PC this year

    WWE 2K15 will make its way to PC this spring. WWE announced that WWE 2K15 will make its debut on PC in the spring. The game will be based on the PlayStation 4 and Xbox One versions, both of which came out in November. MyCareer and 2K Showaces modes are included, as well as all […]

  • GTA 5 PC: new mod adds snow to GTA Online

    If you’re looking to get some snow in your GTA Online, someone figured out a way. Modder ECB2 created a mod that works with GTA Online on PC. The mod is called “Snow in GTA Online” and it does what it says on the tin. YouTube channel imperfectplayers captured a video showing it in action. […]

  • Deals with Gold: Call of Duty edition

    Xbox Live Deals with Gold for the week of April 20 are now live with mostly Call of Duty games. Various Call of Duty games are on sale on Xbox One and Xbox 360 through Xbox Live this week. Indie games Never Alone and We Are Doomed managed to sneak in as well. With the […]

  • Mortal Kombat X: PSN sign in problems fixed in new patch

    Patch 1.03 is now live for Mortal Kombat X and it brings an end to the aggravating sing in issue encountered by some users on PS4. Mortal Kombat X 1.03 patch has been released. The patch fixes bug CE-34878-0, which affected the PlayStation 4 version. The bug caused users to have to log in and […]

  • GTA 5 PC: new patch fixes Windows Media Player issue, getting stuck in the clouds

    GTA 5 has received a new patch on PC to fix issues caused by the lack of Windows Media Player and getting stuck between online matches. Patch 335.1 is now available to all owners of GTA 5 on PC. The strange issue that affected those who didn’t have Windows Media Player installed, has been fixed. […]