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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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  • Dragon Age: Inquisition tavern songs free for a limited time

    Dragon Age: Inquisition tunes can be yours for the bargain price of zero cashmoney. The tavern songs from Dragon Age: Inquisition will be made available for purchase from various digital distributors sometime after February 9. Until then, though, you can have them for free – including their sheet music. To take advantage of this generous […]

  • Even the Five Nights at Freddy’s 3 teaser is frightening

    Five Nights at Freddy’s 3 is probably going to be just as tense and uncomfortable as its two prequels. This teaser for Five Nights at Freddy’s 3 is the first we’ve heard of the project since creator Scott Cawthon confirmed it is in the works. The third entry in the series is now up on […]

  • 6.6 million Xbox consoles shipped last quarter

    Xbox One and Xbox 360 console sales were strong last quarter, although Microsoft isn’t talking hard numbers yet. Microsoft shipped 6.6 million Xbox 360 and Xbox One consoles to retailers in the quarter ending December 31, the company revealed in its latest financial briefing. This figure wasn’t broken down by platform, and Microsoft didn’t supply […]

  • Homeworld Remastered Collection: five minutes of b-roll footage

    We may not have proper, uncut gameplay footage of the Homeworld Remastered Collection, but we have the next best thing. Homeworld Remastered Collection was confirmed to release on February 25. Gearbox has only showed a trailer, but no extended gameplay demos. There was however a b-roll video showing at PAX South, and we’ve embedded it […]

  • Grim Fandango Remastered looks sharp in these new screens

    Grim Fandango will come back from the dead with the Remastered edition, and it’s looking great. Grim Fandango Remastered has a few new screens available to prove that even old games can look stunning with the right remaster, especially ones with an already well-defined art style. Have a look at them below and get excited. […]

  • Battlefield Hardline: beta weapons, maps, modes, progression system and more

    The Battlefield Hardline beta will include a third new map and a new game mode, on top of what’s already announced. You may remember last week DICE started a community mission for all Battlefield 4 players. The goal was to reach 2 billion points playing Rush mode. That goal has been achieved and as a […]

  • Dying Light launch trailer is one last display of its forte

    The launch trailer for Dying Light is here one day ahead of the game’s release. Techland and Warner Bros. have put out the launch trailer for Dying Light. The trailer is a short reminder of the game’s main selling points: free-running, weapon crafting, drop-kicking zombies. Reviews should start to come out tomorrow for the game […]

  • Watch The Witcher 3 developers stream new gameplay on Twitch

    The Witcher 3 developer CD Projekt RED is hosting a Twitch live-stream to show off brand new gameplay footage and answer some fan questions. The live-stream will start at 7:00pm GMT, 2:00pm EST, 11:00am PST. It will show off plenty of new footage, some of which was shown only to the press so far. The […]

  • Finally, some screens for Final Fantasy 15

    Patience is a virtue and we finally have our hands on a few gameplay screens from Final Fantasy 15. There’s not a lot of them, but they show the impressive lighting and they’re all gameplay as far as I can tell, so take a look. There is no release date for Final Fantasy 15 as […]

  • Here’s 15 minutes of gameplay from The Witcher 3: Wild Hunt in 1080p

    The Witcher 3 has a new direct-feed, 1080p video available that’s 100% gameplay. Would you like some gameplay of The Witcher 3 in beautiful 1080p? Why, of course you would! The gameplay below shows combat, conversations, travelling. In short, it’s a small sample of everything the game will offer. If you’re looking to learn much […]

  • Two Mortal Kombat X characters to be revealed this week

    Mortal Kombat X will get not one, but two character reveals this week. Mortal Kombat creator Ed Boon has been at again on Twitter, teasing all kinds of reveals over the past few days. Firstly, Boon tweeted this image, which at first glance appears to show a character holding a bow. However, further examination by […]

  • Planetside 2 successfully claims the Guinness World Record for biggest FPS battle

    The Planetside 2 community has successfully organised an online battle involving over 1000 players, breaking the previous Guinness World Record. The event, which was organised by Planetside Battles was pitched to the community last week. 1,158 players have answered the call, smashing the record for “Most Players Online in an FPS Battle.” The previous 999 […]

  • Microsoft aiming for Xbox One-to-PC streaming to function while you watch TV

    Streaming Xbox One games to PC while you watch TV on the console through the HDMI pass-through is something Microsoft is hoping to achieve when the service launches with Windows 10. Microsoft’s Phil Spencer has been on Twitter answering fan questions following last week’s Windows 10 event. One interesting bit that came out of those […]

  • Everything we know about The Witcher 3: Wild Hunt

    The Witcher 3: Wild Hunt is sure to be one of the biggest RPGs of the year, due for release in May on PC, Xbox One and PS4. Delayed since its target release of 2015, CD Projekt Red’s latest game takes the series to a true open world environment, and charges the player with tracking […]

  • Battlefield Hardline beta date leaked – rumour

    According to an email sent to some YouTubers, the upcoming beta for Battlefield Hardline is scheduled for February 3. The date for the Battlefield Hardline beta is believed to be February 3. It comes from an email that’s been sent by Ronku to various YouTubers reminding them of the starting date, February 3. Ronku is […]

  • The history of The Witcher: beyond the Road With No Return

    We take a look at The Witcher franchise, from the original short stories to its blockbuster video games. The world was first introduced to Geralt through a set of short stories called The Witcher (English translation) written by author Andrzej Sapkowski. The first short story was published in the Polish fantasy and science fiction magazine […]

  • Bringing The Witcher 3: Wild Hunt to life

    In The Witcher 3: Wild Hunt, CD Projekt RED takes a whopping enormous map and fills it with stuff you actually want to see and do. Do you remember back before Oblivion came out there was a lot of chat about how much more lifelike and realistic the NPCs would be? Rather than just hanging […]

  • The big Witcher 3 questions answered: delays, playing as Ciri, and why enemies don’t scale

    Spending some time with The Witcher 3 level designer Miles Tost we were able to put some of our immediate questions to him after playing the game for over 4 hours. “That sense of improvement doesn’t happen if the monsters around you remain the same strength, there’s no sense of achievement.” Tost is a relaxed […]

  • The Witcher 3 sets a new generational standard for graphics

    The Witcher 3: Wild Hunt is the new standard in outrageously pretty. “The Witcher 3 is more than just eye-candy. Destiny, once the loveliest thing I had ever looked upon, has been outclassed.” The Witcher 3 is even better looking than the screenshots would have you believe, and until you see it in motion, running […]

  • The Witcher 3: hands-on with the RPG of the year

    Getting to know a bawdy hero; Geralt of Rivia’s third outing is accessible, untamed, and dripping with story. Warning: some spoilers are inevitable. “The Witcher 3 is horror and violence. It’s charming, witty and cheeky. Like Geralt, it knows what it wants and it’s going to grab it with both hands.” The Witcher 3: Wild […]

  • Borderlands: The Pre-Sequel gets Lady Hammerlock DLC tomorrow

    The Lady Hammerlock DLC for Borderlands: The Pre-Sequel will be released on PS3 and Xbox 360 tomorrow, January 27. The new playable character comes with three skill trees and the action skill Cold As Ice. If you haven’t bought the season pass for Borderlands: The Pre-Sequel you can download the DLC for $9.99, you lucky […]

  • A limited edition 20th Anniversary PS4 just sold for $128,000

    Sony has just auctioned one of its limited edition 20th Anniversary PS4 consoles for over $128,000. The model had the serial number 00001, according to the Wall Street Journal. “We appreciate all who participated in the auction and are surprised at the highest bid price, which was higher than our expectations,” said a rep for […]

  • Here’s Killer Instinct’s new Omen and Golem fighters in action

    Microsoft has revealed Killer Instinct Season 2′s fighter Omen in a new trailer. Stick around for the end of the video and you’ll also get a peek at another new fighter, Golem. Omen is a bonus character and as such isn’t available as part of the main season roster. He’s available for free to Ultra […]

  • Digital copies of Far Cry 4 are being deleted from Uplay

    Ubisoft appears to be deleting copies of Far Cry 4 bought through digital third-party retailers. According to the Ubisoft support forums, copies of the game acquired via G2Play and G2A are being removed from Uplay. Users had not been given any warning by publisher Ubisoft that the game will be removed, although it is now […]

  • Gearbox wants “badass” talent for the next Borderlands

    Borderlands 3 may not have been announced at PAX this weekend, but studio boss Randy Pitchford is currently recruiting for the next game in the series. We are recruiting for next Borderlands. This is the big one. Industry badass? E-mail me: heyrandy@gearboxsoftware.com pic.twitter.com/ZG9dLytX1B — Randy Pitchford (@DuvalMagic) January 26, 2015 A recruitment push would suggest […]

  • Destiny: less grind, fairer economy in House of Wolves DLC

    Destiny developer Bungie has said it aims to lessen the grind in House of Wolves, and it won’t repeat mistakes it made with rewards in The Dark Below. Gear rewards will be fairer, according to lead designer Luke Smith in a Neogaf thread. For example, buying from a vendor should not invalidate gear rewarded for […]

  • Halo: The Master Chief Disaster

    Over two months since release and Xbox One’s big Christmas game is still a turkey, says Rich Stanton. “The game has now been available for two-and-a-half months, including the blockbuster Christmas season, and by any reasonable standard it doesn’t work.” Halo: The Master Chief Collection launched worldwide on November 11, 2014. Intended as something of […]

  • Homeworld Remastered Collection dated, first gameplay footage released

    Homeworld Remastered Collection has a release date, and as promised, the gameplay footage of Gearbox Software’s remake has been released along with the news that Homeworld Shipbreaker development continues. The video was shown during the Inside Gearbox Software panel earlier this morning at PAX South. Last year, Gearbox had said hoped to release the title […]

  • Clock Tower spiritual successor Night Cry has landed on Kickstarter

    The Kickstarter for Clock Tower spiritual successor, Project Scissors, recently announced as Night Cry, has launched. A teaser directed by The Grudge director Takashi Shimizu was released for the game earlier this month, and the full short film can be viewed below. Shimizu is also creative director on the project and Silent Hill creative and environment […]

  • Toukiden Kiwami mission trailer released, pre-order bonuses detailed

    Pre-order bonuses for Toukiden Kiwami have been announced for PlayStation 4 and Vita. Here’s the pre-order bonus list for each participating retailer: North America GameStop – Armor inspired by new slayers Reki and Soma’s costumes and classic armor from Toukiden‘s six original NPC slayers. Amazon – 2 exclusive pieces of armor: a set of Tenko […]

  • More Final Fantasy Type-0 HD, Final Fantasy 15 info doled out by Tabata

    Final Fantasy Type-0 HD director Hajime Tabata took part in a Reddit AMA yesterday, and answered a variety of questions pertaining to the game and Final Fantasy 15. According to Tabata, the first playthrough of the game will last around 40 hours, but “the real fun” starts from the second playthrough which contains new events. […]

  • This video gives you an idea of what Borderlands Online is like

    A video for Borderlands Online, the China-exclusive title from 2K, Shanda Games and Gearbox, has been released. Posted on MMO Culture, the video was released to announce the “technical test” which started today. Borderlands Online is an instance-based online shooter, and will probably never reach western shores. Still, you can have a look anyway.

  • Guild Wars 2: Heart of Thorns is the MMO’s first expansion

    The first expansion for Guild Wars 2, Heart of Thorns, was announced today during PAX South, and ArenNet has posted a few content details for it on the official webiste. Heart of Thorns contains a reimagined progression with the new Mastery system, which provides new training opportunities for characters beyond level 80. Players will be […]

  • Turn-based action platformer Ronin has been polished up, nets a publisher

    Tomasz Waclawek has polished up his freeware title Ronin and will be releasing it through publisher Devolver Digital later this year. The turn-based action platformer stars a vengeful ninja who is determined to kill important memebers of a powerful corporation. Weapons at your disposal include razor wire and a katana, or you avoid combat by […]

  • Footage of cancelled Justice League brawler surfaces

    Footage of the cancelled Double Helix-developed Justice League brawler has surfaced online. The game was supposed to be a tie-in title for the also cancelled Justice League film directed by George Miller, according to leaked images and information from 2012. Jon Gwyn, the game’s artist and now Rockstar San Diego staffer, said at the time […]

  • Free Icona Vulcano DLC for DriveClub releases next week

    Sony has posted a video of the Icona Vulcano, which will be released as DLC next week for DriveClub. The video was posted on Facebook and we’ve embedded the video below courtesy of GamesHQMeida. It was announced earlier this week the Icona Vulcano would be released on the PS Store as a free download.

  • The Bard’s Tale 4 announced by inXile Entertainment at PAX South

    The Bard’s Tale 4 was announced today by inXile Entertainment CEO Brian Fargo during a panel at PAX South. inXile hinted around back in December that a sequel was in the works. Granted, The Bard’s Tale wasn’t mentioned. Still, everyone figured this was the game when Wasteland 2 project lead Chris Keenan stated the team […]

  • Here’s another Majora’s Mask 3DS vs N64 comparison video

    Last week, YouTube user Master0fHyrule uploaded a Majora’s Mask 3DS vs N64 comparison video, and we’ve embedded it for you below. The video shows 4.5 minutes of footage which appears before hitting the start button and the first meeting between Link and the Skull Kid. Another comparison video was released by another user back in […]

  • The Game Awards 2015 already in the planning stages

    The Game Awards 2015 are already in the planning stages, according to Geoff Keighley. The inaugural show took place on December 6, 2014. Keighley announced the 2015 show during his Storytime with Geoff Keighley panel at PAX South this weekend and through Twitter. He said more details will be announced in the spring. You can […]

  • Fahrenheit: Indigo Prophecy Remastered listed for January release

    It looks like Quantic Dream’s Indigo Prophecy is returning in remastered form next week, if an Amazon listing is any indication. According to the listing posted on NeoGAF, the uncut version of the game contains Steam DRM and will release January 29 at 12pm PST/3pm EST for a Linux, Mac and PC download. Titled Fahrenheit: […]

  • Indie Flash Sale kicks off on North American PS Store

    The North American end of the PlayStation Store is hosting a Flash Sale a beefy list of indie games and some films. The sales includes titles such as Resogun, Shadow Warrior, The Unfinished Swan, FEZ, Costume Quest 2, Joe Danger, Brothers: a Tale of Two Sons, and more for up to 80% off. The full […]

  • The Witcher 3 Twitch stream to show 15 minutes of new gameplay footage

    New The Witcher 3: Wild Hunt gameplay footage will be shown Monday, January 26 on GOG.com’s Twitch channel. Along with the footage, the developers will be answering questions from the community as well as providing commentary on the gameplay being shown. Live questions posted via Twitter chat will be answered by senior gameplay designer Damien […]

  • Borderlands 3 information teased for tomorrow’s Gearbox PAX South panel

    During PAX South this weekend, Gearbox Software is hosting a panel titled Inside Gearbox Software which will provide “the latest news and updates on Borderlands and upcoming Gearbox titles.” Yesterday during Gearbox’s panel called Question and Answer Time, CEO Rady Pitchford was asked “when or if” fans can expect Borderlands 3. “I’ll tell you what,” […]

  • Best Buy cancels multiple pre-order units of Limited Edition Majora’s Mask New 3DS XL

    Multiple sources reported overnight Best Buy has cancelled some pre-orders for the Limited Edition Majora’s Mask New 3DS XL. As of press time, it appears to only affect those who pre-ordered more than one system. Only one system was allotted per order, so the cancellation notices were sent out to comply with the restriction. Those […]

  • Rob Huebel is your KillCameraman in this CoD: Advanced Warfare video

    A live-action video for Call of Duty: Advanced Warfare – Havoc has been released by Activision. Subtitled: Randall Higgins: KillCameraman gives you a look at the action from a different perspective. In the video, Higgins is played by comedic actor and writer Rob Huebel (Children’s Hospital, Parks and Rec, The Mindy Project). The first DLC […]

  • Xbox App features included with Windows 10 January build outlined

    The January build of the Windows 10 Technical Preview includes a basic version of the Xbox App announced earlier this week. With the initial preview release, the team at Microsoft wanted to only include the basics such as high resolution monitor support along with keyboard and mouse input. Additional functionality will be released with each […]

  • Standalone version of DayZ has sold 3 million units

    The standalone version of DayZ sold 3 million units, Bohemia Interactive has announced. Release Just over a year ago on Steam Early Access, the milestone was hit yesterday. The standalone version was created by Dean Hall as a Arma 2 modification which has been updated 24 times since its initial release. In 2014, the development […]

  • The Witcher 3: Wild Hunt video shows gameplay clips, global hands-on events

    CD Projekt has released a video for The Witcher 3: Wild Hunt, giving a glimpse of gameplay and noting that hands-on impressions of the game will be bombarding the Internet next week. We’ll have extensive coverage of The Witcher 3 on Monday Jan 26 at 3pm GMT. The Witcher 3: Wild Hunt is coming to […]

  • Microsoft looking into possible HoloLens support for PC, Xbox One

    Microsoft’s HoloLens may be a dedicated device, but the company is obviously looking into how it could be used with PC and Xbox One. Speaking with Polygon, Xbox boss Phil Spencer said should the stand-alone product become a success, “specific scenarios” on how it could be used with Xbox One are already being brainstormed. “We […]

  • Final Fantasy Type-0 HD video compares PSP graphics to PS4, Xbox One

    A video for Final Fantasy Type-0 comparing the upcoming console version of the game to the original PSP version has been released by Square Enix. While comparing PSP graphics to those of PlayStation 4 and Xbox One seems rather unfair, it’s worth a watch anyway. Final Fantasy Type-0 HD releases March 17 in North America […]

  • Payday 2′s The Bomb Heists and Dragan Character Pack released

    In case you forgot, The Bomb Heists and Dragan Character content packs for Payday 2 were released yesterday. The new heist pack is available for $6.99/€6.99/£4.99 and the Dragan character will run you $4.99/€4.99/£3.99 through Steam and other digital distribution sites. Here’s the details: The Bomb Heists A new contact, called the Butcher, brought to […]

  • Rockstar offers tips on scaling GTA Online creations to support 30 players

    Rockstar has posted a tutorial of sorts on how to edit your GTA Online’s creations to support up to 30 players. According to the developer, when selecting Load Creation, users will be able to access any previously published Jobs and edit them in any way they wish. Users can also increase the Maximum Players races […]

  • Video for Life is Strange shows you how to rewind time

    If you could rewind time, would you change the events of your day or leave things be? In Life is Strange, you will make this choice. In the developer diary below, Dontnot Entertainment touches upon the main character’s ability to rewind time. How Max’s ability works and originated is also discussed. The first episode of […]

  • Take a look at one of the historical battles in Total War: Attila

    The Creative Assembly has revealed historical battles for Total War: Attila and shown off one of them. In the latest episode of Rally Point, developer Creative Assembly takes a look at one of the nine historical battles that will be included in Total War: Attila when it launches next month. But before you see the […]

  • ARMA 3 video lists 33 of its features, teases upcoming expansion

    ARMA 3 is an impressive military simulator, but that’s not the only thing impressive about it. In fact, this video lists 33 of the game’s most notable features. ARMA 3′s latest video gives you a tour of many of its strengths. It goes over the number of vehicles, weapons and playable area. But that’s not […]

  • No Man’s Sky dev explains what you actually do in the game

    No Man’s Sky is simultaneously the most intriguing mystery and the most scary. Developer Hello Games is asked some questions and gives some solid answers. Eurogamer asked Hello Games’ Sean Murray a number of questions that are on everyone’s mind when they think about No Man’s Sky. The biggest one being, what do you actually […]

  • Dying Light physical release set for February 27, Be The Zombie mode goes free

    The release date for the physical version of Dying Light has been confirmed for Europe, along with the release dates for all regions. Dying Light developer Techland has confirmed that the PC version of the game will release digitally, worldwide, on January 27. The physical version and the digital PS4 and Xbox One versions will […]

  • Guild Wars 2 is $10 this weekend

    ArenaNet is offering Guild Wars 2 for $10 this weekend only, and hosting a double XP event during the same period. The regular and Digital Deluxe editions of Guild Wars 2 are both offered at 75% off this weekend. The regular edition can be yours for just $10 while the Deluxe is $15. The offer […]

  • Cyberpunk 2077 development still going, but the focus is on The Witcher 3, says dev

    If you’re dying to hear anything about CD Projekt Red’s Cyberpunk 2077, you’ll be waiting a while still. The focus is on The Witcher 3 right now. Ever since Cyberpunk 2077′s announcement all the way back in 2012 developer CD Projekt Red has been really quiet about the sci-fi RPG. We’ve not seen any gameplay […]