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Sony adds $200 million to its projected losses, $1.2 billion loss expected

Thursday, 1 May 2014 09:49 GMT By Dave Cook

Sony has added $200 million to its projected losses, bringing the total to $1.2 billion.

GI.Biz reports that for the fiscal year ended March 31, 2014, Sony has projected a net loss of ¥130 billion / $1.27 billion. It previously predicted a loss of ¥110 billion / $1.07 billion.

It comes after Sony initially predicted profits of 50 billion / $489 million at the end of the last fiscal year.

Explaining the projection change, Sony cited its exit from the PC market and end of its VAIO. We reported on the decision back in February, along with Sony’s decision to focus on the 4K market, and the expected laying-off of some 5,000 staff.

Sony’s PC sales for the fiscal year just ended are said to have been lower than expected.

In a statement, a Sony spokesperson said, “Consequently, Sony expects to record write-downs for excess components in inventory and accrual of expenses to compensate suppliers for unused components ordered for Sony’s spring PC lineup.

“In addition, certain restructuring charges are expected to be recorded ahead of schedule. As a result of these factors, an additional total amount of approximately ¥30 billion in expenses is anticipated to be recorded in the fiscal year ended March 31, 2014.”

The company also highlighted ¥25 billion in, “impairment charges mainly related to its foreign disc manufacturing business.”

It follows restructuring efforts at Sony, which have seen lay-offs at Guerrilla Games Cambridge, Sony London, and Sony Santa Monica Studio. There have also been a run of departures at Naughty Dog, but they have not been linked with lay-offs.

However, it’s worth noting that the firm’s operating costs have since dropped from ¥80 billion to ¥26 billion. We’ll have a greater breakdown of the numbers once Sony reveals its full financial report on May 14.

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46 Comments

  1. Dragon

    Kaz is on borrowed time now, one more year of losses and he will be out.

    #1 9 months ago
  2. Joe Musashi

    Or make a retreat back to the only profitable division Sony have.

    JM

    #2 9 months ago
  3. The_Red

    Question for those with more info:
    Has Sony been doing this badly for years or did it get really worse when Kaz came on board? I’m not trying to blame him but so far, it’s been bad news after bad news ever since he came on board.

    If it really is his fault, then he should be fired immediately. If not, then he definitely deserves more chances (In case that all of this was his inheritance from Stringer regime, rather than his own doing).

    #3 9 months ago
  4. derpex

    Sony is selling or splitting off their lossy businesses (Vaio, TVs) and focusing on their profitable divisions. This means they’ll soon cut their losses and start turning a profit. You should be worried if Sony WASN’T cutting those losing divisions, but they’re making the right business decisions. They won’t ever be an empire again but they aren’t going bankrupt.

    Sony isn’t going bankrupt, and the gaming division and first party studios are well funded and making a profit. During the quarter ending 31st December 2013 the Game business made a profit of $172m off the back of an impressive 64.6 per cent rise in sales year on year. Sony is in for a year or two of losses and restructuring, then provided their profitable divisions stay profitable, they’ll be on solid ground.

    Sony is not on the brink of bankruptcy. They are still worth 18.5 billion. They just aren’t bringing in enough revenue or profits to bring that number up, and for a time, and probably for a few quarters here or there for the next few years, they will lose money. They also obviously have working capital, because they have games in development right now, and are able to market their newest system and do what they have to do to sell their products. If Sony were on the brink of bankruptcy, we wouldn’t be seeing AAA game announcements with budgets ranging from $50-100 million dollars. If they were on the brink of bankruptcy, they wouldn’t be buying Gaikai, or investing in new tech such as Morpheus or the PS4.

    PS4 will have the graphics advantage the entire gen. PS4 hardware and software will outsell Xbox globally the entire gen. PS4 will have more dev support and more 1st party games the entire gen. PS4 will make a net profit, and Sony won’t go bankrupt.

    Sony’s market cap is 18.65 billion as of today (2014).
    Market cap in 2013 was 17.6 billion it has gone up since then.
    Sony is ranked #80 in world as the most valuable brand 2013.

    Sony is ranked #506 in the global 2000
    #87 in Sales
    #171 in Assets
    #547 in Market value
    78.52 billion dollars in sales in 2013

    #4 9 months ago
  5. game_on

    Sell P4 to MS and go bankrupt already!

    @The_Red
    Sony is doing badly as long as I can rememer.

    #5 9 months ago
  6. dtyk

    @derpex
    While I’m glad that someone else here has the same business sense, but you should stop trying to convince people with logic. Doesn’t work around here lol. People also don’t understand that a market with no competition leads to a shit industry, they really just care about which platform they like to worship.

    #6 9 months ago
  7. super3001

    sony ends soon. brand loyal drones wised up. sony make overprice junk.

    will not miss them

    #7 9 months ago
  8. Erthazus

    This is incredibly lame. Gaming division won’t help at all.
    That’s why Jack Tretton left because he know that the ship is sinking.

    #8 9 months ago
  9. CyberMarco

    @super3001 Oh! look who came back for a visit… :P

    #9 9 months ago
  10. Joe Musashi

    @9 Strap yourself in buddy, the ride is just getting started.

    JM

    #10 9 months ago
  11. Erthazus

    Sony’s products are irrelevant. This year’s CES only showed that and it will continue to be that way until the company will collapse.
    It’s a sinking ship that requires a different strategy at all. Gaming division is not doing well too. Look at the Guarilla Cambridge/Sony London and other studios restruct.

    Anyway, execs are pissed off.

    #11 9 months ago
  12. dazedonthemoon

    @derpex
    Thanks for backing shit up with facts… All these trolls in here can only talk out their own asses.

    #12 9 months ago
  13. super3001

    only 1 fact needed. 1.2 billion dollar losses

    not sustainable. sony will end soon.

    #13 9 months ago
  14. Dragon

    @The_Red,
    Its more of an inheritance issue. Sony has lost ground in many divisions since the start of 21st century, but gaming (ps2, psp era), sony financials and other hugely profitable parts led to complacency in Sony execs. Stringer, a western and a non-hardware guy was a bad choice in hindsight.
    Much part of this losses stem from 1 time writeoffs like selling PC division I assume. Spinning off TVs is also a good decision, so Kaz is going down the right path. But if TVs don’t recover this year, Sony would be under very severe pressure to sell off TV division, like Pansonic did with its plasma range.
    If you cut out TV division, then entire Sony is in profits. But selling TV division is a catch 22 for sony as it would mean parting with a section that made what they are. Sort of like nokia selling off mobile division to MS.

    #14 9 months ago
  15. NocturnalB

    @derpex – I agree. I see it all as shedding and refocusing, I see them returning to profit eventually as well.

    #15 9 months ago
  16. melonbuster1

    Lol I’m so happy soon all the dead fan boys will rot.

    #16 9 months ago
  17. The_Red

    @game_on
    In that case, it seems that at least so far, Kaz has not been doing enough to turn the ship around. He is not solely responsible for the crappy situation at the company and yet either his changes and attempts have been insufficient (His bad) or the legacy of Stringer is indeed beyond repair (Not his bad).

    @Dragon
    Thanks for the explanation. Great point about the TV section. I had a Sony TV at the start of last gen and it was a hell of a good product (Later switched to Samsung). Hopefully Sony is not going the way of Nokia in irrelevancy. If anything, PS4 is the proof that the company can get the right people (Cerny, Boyes, Shahid…) to work on a good product (PS4).

    #17 9 months ago
  18. mxmassef

    They will continue to struggle but they arent going anywhere just changing.

    #18 9 months ago
  19. zoopdeloop

    Super,melon being 10yrs old is that fun eh?guess you can’t comprehend the whole article and what derpex added
    Erthazus i though you were smarter than this

    #19 9 months ago
  20. Mike W

    @zoopdeloop

    Lol, that was your first mistake, to put “Erthazus” and “smart” in the same sentence. ;)

    #20 9 months ago
  21. melonbuster1

    @zoopdeloop they are done by the time I’m 13 I won’t remember you or sony

    #21 9 months ago
  22. stretch215

    @20 +1000. You beat me to it!

    #22 9 months ago
  23. Nickwpearce

    @dazedonthemoon Facts??? Selling a few ps4s isnt going to help them champ, Sony fan boys in denial as usual, cant wait until they are gone!

    #23 9 months ago
  24. NocturnalB

    @Nickwpearce – “Sony fan boys in denial as usual, cant wait until they are gone!”

    Spoken in willful ignorance. Just because he chose to use vulgarity, you label him a fanboy. And then follow it up with an even more ignorant, fanyboy-esque “cant wait until they are gone!”.

    This isn’t a fanboy topic, it is a business topic, and whether you choose to accept them or not, verified facts are verified facts. Just because a company posts a loss, doesn’t not signify the apocalypse. It’s especially ignorant to hope and wish for a company – especially one that plays a vital roll in our delicate gaming ecosystem just as much as it’s competition – to fail.

    Apparently you enjoy pay walls at every turn and increased presence of micro transactions and in-app purchases as well as an over decrease in the quality of the industry.

    #24 9 months ago
  25. NocturnalB

    *does not signify

    #25 9 months ago
  26. bradk825

    Sony isn’t going bankrupt, that will just not happen. If anything they may continue to cut unprofitable business lines. We certainly from a gaming perspective have to reason to think they’ll be dropping off. PS4 is off to an amazing start. With that install base they’ll have no problem selling games. That part of the company isn’t going anywhere.

    #26 9 months ago
  27. Joe Musashi

    Some facts:

    There are the same number of letters in the word “SONY” as:

    DOOM
    FAIL
    DIRE
    DEAD
    BUST
    LOSS
    EXIT
    FOLD
    LAME
    MESS

    Coincidence?

    No: Fact.

    JM

    #27 9 months ago
  28. bradk825

    @NocturnalB Building on what you said, it takes more than a fanboy to wish for a company’s demise, it takes a complete asshole. Hoping for people to lose their jobs points to a penchant for cruelty.

    #28 9 months ago
  29. zoopdeloop

    @Mike W
    You got me :P still he rarely makes some good points.

    @melon
    hopefully until then you’ll be able to comprehend something beyond Dora the Explorer…”wishful thinking”

    #29 9 months ago
  30. mistermogul

    Where’s ps3fanboy when you want him?

    #30 9 months ago
  31. NocturnalB

    @Joe Musashi

    So what are you implying by this? Sarcasm, or a genuine belief that Sony is going to fail?

    #31 9 months ago
  32. cdcard

    lol, ps4 ain’t going to save you sony

    #32 9 months ago
  33. Mike W

    Derpex definitely put these numbers into a better perspective, something that even Dave Cook failed to do in his own article and we really do appreciate that. :D

    With that being said, these types articles only spread more ignorance and stupidity from the gaming community. Don’t believe me? Just look at “Super3001′s”, “Erthazus’s” and “Nickwpearce’s” comments.

    #33 9 months ago
  34. dreamcastnews

    Why would anybody want to see Sony out of the market? What bearing does it even have on anybody’s lives from a consumer standpoint?

    #34 9 months ago
  35. melonbuster1

    @zoopdeoop I will ask Dora for the map to where they buried you and ps4 when you die from a heart attack upon Hearing Sony files for chapter 11

    #35 9 months ago
  36. Mike W

    @dreamcastnews

    Just ignore the fools bro. God forbid if that will ever happen, the game industry will certainly not be the same and it will definitely be a turn for the worst for us gamers.

    Don’t be surprise that the fanboys are to fucking stupid to see that though. :D

    #36 9 months ago
  37. Mike W

    @melonbuster1

    Lol stop it bro, you’re making yourself look really stupid.

    Just because a company files for bankruptcy doesn’t mean the end for that company. Why won’t you look up the meaning of the word before you start using it.

    #37 9 months ago
  38. NocturnalB

    @dreamcastnews

    It doesn’t. The only people who wish for it are cynical, egotistical, immature, small minded, willfully uninformed, ignorant, arrogant, delusional, sociopathic desk jockeys with an insufficient grip on reality (much less the concept of how a multi-billion dollar corporation is financially operated), selective literary comprehension, and who comment for the reasons of either talking for narcissism’s sake, or as desperate attempt to establish a sense of self worth under the guise of being a self appointed expert in every subject they deem worthy of gracing with their invaluable (and usually invisible) knowledge.

    #38 9 months ago
  39. Eregol

    @NocturnalB
    https://3beautifulbamfs.files.wordpress.com/2011/10/the_rock_clap_clap_gif.gif?w=529

    #39 9 months ago
  40. Gheritt White

    Okay dipshits, lemme see if I understand this correctly.

    “In addition, certain restructuring charges are expected to be recorded ahead of schedule. As a result of these factors, an additional total amount of approximately ¥30 billion in expenses is anticipated to be recorded in the fiscal year ended March 31, 2014.”

    So this means that a $30Bn USD cost that *should* have gone into their 2015 financials has reported early? So, effectively, they’llbe able to report what amounts to a 30 billion dollar upside (or lack of downside, in reality) for the next financial year?

    That’s pretty enormous and is sure to have a positive impact on their share price not too far down the line.

    Did I get that right?

    PS: PS4 IS DOOOOOOOOMED. /sarcasm

    #40 9 months ago
  41. super3001

    #40

    yen. not dollar

    #41 9 months ago
  42. Gheritt White

    @super3001 Oh, right. So what, that;s like… 30, maybe 40 pence? :-)

    #42 9 months ago
  43. ManuOtaku

    Increased losses are never good, but thats not reason to call doom or bankrupt either. They need to focus more on the divisions they have big competotion, tv, laptops, etc or keep only in the side of the business they are doing well.

    They Just need to find the balance between quality and price, and taje the necesary steps to find that balance in those business.

    #43 9 months ago
  44. zoopdeloop

    @Mike W @37
    He is stupid and naive :P

    ps to the retarted (DMan)Super i don’t own a ps4,neither i’m planning to anytime soon ;)

    #44 9 months ago
  45. melonbuster1

    @Mike W I’m just messing with him. I don’t want Sony to go. I have owned every Playstation since the 1st. I have had many ps games and fun times. I love games I was just pulling old dudes chain

    #45 9 months ago
  46. dazedonthemoon

    @melonbuster1 zoopdeloop game_on nickwpearce… Do you guys even realize how terrible the industry would be if Sony failed? With no competition you can bet your little fanboy tushies that Microsoft would raise prices on games from $70 to $80 and upwards. Don’t even wanna think what the price of systems would be. Capitalism is all about competition, without it they will milk as much money from consumers as possible. You call yourselves gamers? Just masses of ignorant internet hatred that isn’t helping anything. Only showing how ugly humanity can be behind a veil of internet anonymity.

    #46 9 months ago

Comments are now closed on this article.

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    Far Cry 4′s latest DLC pack adds new story missions and a pile of new weapons. Far Cry 4: Hurk Deluxe is now available on PC and Xbox platforms, and is rolling out to the PSN in line with local network updates. The pack bundles five story missions, including Yak Farm, Blood Ruby and Hurk’s […]

  • Yes, Resident Evil: Revelations 2 has microtransactions

    Resident Evil: Revelations 2 has microtransactions, but thankfully they’re not as outrageous as initial reports suggested. The subject of Resident Evil: Revelations 2′s microtransactions arose earlier today with reports filtering out of a European press event that you’ll be able to pay to keep playing after your character dies. The ramifications of this are pretty […]

  • Play mini-games to unlock Magicka 2 content

    Magicka 2 publisher Paradox Interactive has invited fans to earn in-game rewards by playing other games. The Magicka website will host various mini-games in the build up to Magicka 2′s launch later this year on PC and PS4. Playing these games controbutes to a community score total which will eventually unlock in-game content as well […]

  • Deactivated Far Cry 4 keys were purchased through Origin

    Far Cry 4 owners who found their games deactivated without warning may be surprised to learn where they came from. Many copies of Far Cry 4 purchased through third-party re-sellers have been deactivated without notice. Although resellers affected by the deactivations argued that they had made authorised purchases, Ubisoft has denied this. The publisher told […]

  • Will Assassin’s Creed visit Japan in 2016?

    The next Assassin’s Creed game after Victory may finally bring ninja and assassins together. An Assassin’s Creed fan has spotted what certainly looks like a heavy hint that the next game after Victory will be set in Japan. Ubisoft forums member Cornik22 was looking through the Assassin’s Creed 4: Black Flag official art book when […]

  • Resident Evil HD modder aims to restore original, terrible voice acting

    Resident Evil and its early sequels are justifiably famous for their simply dire voice acting. Some Resident Evil fans feel they just can’t enjoy the experience of exploring Umbrella facilities if someone isn’t talking at them with absolutely no regard for pacing, content or tone. As a result, modder Bunny has stepped up to the […]

  • Record iPhone sales drive Apple to revenue spike

    The iPhone is still going strong – in fact, it’s selling better than ever. Apple has announced its financial results for the quarter ending December 27 2014, exceeding expectations with a 29.5% increase in revenues to $74.6 billion. This was a new record for the company. One of the key factors in this spike is […]

  • HoloLens has “mind-blowing” potential for games, says Microsoft CEO

    Microsoft’s VR wearable HoloLens is going to be great for games, according to CEO Satya Nadella. Speaking to investors, Nadella made Microsoft’s entertainment plans for the device explicit. “It’s also getting clearer how the games people love today will evolve to mind-blowing experiences in the future when designed for the mixed reality that Windows 10 […]

  • EA Q3: Battlefield 5 still on for holiday 2016, PGA Tour 15 spring release confirmed

    EA announced its financial results for its Q3 fiscal year 2015 quarter, ended December 31, 2014, noting total net revenue $1.13 billion in total net revenue compared to $808 million year-over-year. For the nine months ending December 31, total net revenue came in at $3.3 billion. Net revenues were up 39% and net income came […]

  • Players logged 113M single-player hours in Dragon Age: Inquisition, other EA games stats

    Ahead of its Q3 2015 earnings release, Electronic Arts has released a game infographic showing some interesting stats compiled through gameplay from October – December 2014. For FIFA 15, over 3.3 billion goals were made; 73 million knockouts occurred in EA SPORTS UFC; over 10 million families were created in The Sims 4; 113 million […]

  • Hyrule Warriors has shipped 1 million units worldwide

    Koei Tecmo has announced shipments of its Wii U hack and slash action title, Hyrule Warriors, has shipped one million units worldwide. The Omega Force-developed title was released in Japan on August 14 and in the west on September 26. Two packs of DLC for the game are slated for February alongside the version 1.5.0 […]

  • Xbox Games Store discounts Never Alone, Dragon Age: Inquisition, more

    This week’s deals available through the Xbox Games Store will be valid until February 2 with titles such as Battlefield 4, Dragon Age Inquisition, Never Alone, and Titanfall discounted. Discounted titles with an asterisk are for Xbox Live Gold members only. Xbox One Just Dance 2015* – 40% Another World* – 50% Never Alone* – […]

  • Say hello to Mortal Kombat X’s latest character: Reptile

    As promised, one of two character reveals this week for Mortal Kombat X has occurred: it’s the acid-spitting Reptile. Nice! Watch the video above. Mortal Kombat X is slated for release on April 14 and will be available on PC, PS3, PS4,Bxo 360 and Xbox One. Thanks, MrTGJelly (Trent).

  • Twisted fairy tale Woolfe: The Red Hood Diaries hits Steam Early Access

    Woolfe: The Red Hood Diaries, the successful Kickstarter from GRIN Studios, has launched on Steam Early Access. The PC title is described as a “cinematic fable featuring a vengeful Red Riding Hood,” who armed with an axe sets out on a quest to avenge the murder of her parents. Gameplay features action-platforming, combo-based hack ‘n […]

  • Dead or Alive 5: Last Round delayed to late March on Steam

    Koei Tecmo has announced it is delaying the PC release of Dead or Alive 5: Last Round to March. According to an updated listing on Steam (thanks, AGB), the fighter was delayed “in order to provide you with the best experience possible.” To apologize for the delay, Team Ninja will offer the Halloween 2013 Set, […]

  • Dragon’s Dogma Online will be F2P “no plans” for western release

    Dragon’s Dogma Online will be a free-to-play title for PC, PlayStation 4 and PlayStation 3. Set for release this year, Dragon’s Dogma Online has a lobby which will support up to 100 players, is open-world, and the executive producer is Hiroyuki Kobayashi. Players can form groups with up to four players or pawns while raids […]

  • Watch this release video for Borderlands: The Pre-Sequel DLC Lady Hammerlock

    The Lady Hammerlock DLC for Borderlands: The Pre-Sequel releases today on PC, PlayStation 3 and Xbox 360, and coinciding with the release is the launch trailer. In the Lady Hammerlock DLC, players are introduced and will be able to step into the shoes of Sir Hammerlock’s sister, Lady Aurelia the Baroness. The DLC will run […]

  • Free DLC for Tales of Zestiria takes place after main storyline

    Free DLC will be released in Japan for Tales of Zestiria, and while Bandai Namco has yet to state whether it will be released westward with the core game this summer, it’s an interesting slice of content. According to information from Jump posted by Siliconera, the DLC Alisha After Episode: What Is Reflected In The […]

  • This video of a Paris flat looks the real deal, but it’s all Unreal Engine 4

    I’m not entirely sure when, or how, this fella managed to sneak into my secret flat in Paris and film it, but since it’s out there I may as well share it with you. All joking aside, this video is rather amazing. It provides a virtual tour of a flat located in Paris; however, it’s […]

  • The Witness passes key development milestone, still no release date

    The Witness has seemingly come back from the dead. Creator Jonathan Blow has posted an update on the game’s development. Surely you still remember The Witness? Jonathan Blow’s follow-up to Braid, which was shown during the PlayStation 4 reveal event all the way back in February 2013? Well, today we got our first development update […]

  • You can now take selfies in World of Warcraft

    The latest patch to World of Warcraft has added a S.E.L.F.I.E. Camera to the game. And it does exactly what it sounds like it does. Patch 6.1 is currently being deployed to World of Warcraft’s Public Test Realms (PTR). There’s a massive list of patch notes, but the most pressing one, other than Twitter integration, […]

  • Hellblade: early gameplay and prototype footage revealed

    The latest developer diary for Hellblade is here with a look at some early gameplay prototypes and a peek at some polished areas. Hellblade developer Ninja Theory has revealed even more details of how game development works behind the scenes. The eighth part of this ongoing diary shows early gameplay footage along with some intriguing […]

  • Resident Evil Revelations 2: Raid mode offline-only on launch, more details

    Capcom has revealed a tonne of new details about Raid mode in Resident Evil: Revelations 2. Capcom has confirmed that Raid mode will launch with the first episode of Revelations 2 in February. You will be playing it offline only though, either solo or in split-screen co-op. As for the online portion, Capcom promised it […]

  • Watch the first 20 minutes of Life is Strange

    The first 20 minutes of Life is Strange have been posted online for anyone to watch. The opening 20 minutes of Life is Strange set the stage for what kind of game it is. The kind that you’ll probably like if you’re a fan of Telltale games. The video is courtesy of consolewarsofficial and you […]

  • Don’t blame Ubisoft for cancelling keys – blame the culture of overpriced games

    Publishers need to drop PC games prices in order to stem the flourishing grey market, says Matt Martin. “How are you going to sell me Far Cry 4 for £45 when I can pick up Far Cry, Far Cry 2, Far Cry 3, Far Cry: Blood Dragon and extra DLC for just £30?” Some players […]

  • Dragon’s Dogma Online is real, full reveal in this week’s Famitsu

    What’s been heavily-rumoured to be the next instalment in the Dragon’s Dogma franchise, Dragon’s Dogma Online, will be fully revealed this week. According to a recent post by Famitsu, the magazine’s upcoming weekly issue, which releases January 29, will contain a massive feature on Dragon’s Dogma Online. The magazine will dedicate 18 pages to all […]

  • Valve responds to recent Counter-Strike match-fixing scandal, bans offenders

    Valve has investigated the recent case of match-fixing involving two teams in the Counter-Strike: Global Offensive professional scene and decided to ban those involved from future tournaments. Recent allegations involving match-fixing between iBUYPOWER and NetcodeGuides.com – two of the professional teams that played in Cevo Season 5 – came to light. Valve has took notice […]

  • Having issues playing Grim Fandango Remastered on PS4? Sony is offering help

    Sony has offered a few steps to help those who are having issues with their pre-loaded PS4 installs of Grim Fandango Remastered. A few reports have started to appear online from users who’ve pre-ordered and pre-loaded Grim Fandango Remastered on their PS4 consoles. Sony has since posted a support thread on the official forums, to […]

  • Get Dragon Age: Inquisition for $36 and more in EA’s Xbox One sale

    Many EA digital games are being offered at considerable discounts on Xbox One right now. The latest EA sale is pretty good, offering sales on many AAA titles. It’s only available on Xbox One, with extra savings for Xbox Live Gold subscribers. The list below covers prices for Gold Subscribers. Plants vs. Zombies: Garden Warfare […]

  • Grim Fandango Remastered reviews round-up, all the scores

    Grim Fandango Remastered is a classic game brought into the new generation, so it’s time for everyone to know how great it is. The reviews for Grim Fandango Remastered have started popping up and as per usual, we’ve collected a few of them below. Grim Fandango Remastered is, as the name suggests, a remastered version […]

  • The Witcher 3: latest build is 1080p on PS4, 900p on Xbox One

    The recent preview build of The Witcher 3: Wild Hunt was running at full-HD resolution on PlayStation 4 and 900p on Xbox One. German website Gamestar attended the recent preview event for The Witcher 3 and examined the three versions that were on offer, PC, PS4 and Xbox One. Here’s the quote, courtesy of Google […]

  • Joystiq is likely to close – rumour

    AOL is rumoured to be closing its video game site, Joystiq. Re/code is reporting that AOL is likely to close its video game site Joystiq soon, according to “various sources.” The move is part of a company-wide restructuring that will affect Joystiq and other “under-performing content properties.” Joystiq is one of the most renowned sites […]

  • The Last of Us movie will be “pretty faithful” to the game

    The Last of Us will bring many of the same elements to the big screen as the small one, according to writer Neil Druckmann. Although The Last of Us will have to be adapted in various ways to make the transition from lengthy interactive adventure to cinema-friendly story arc, Druckmann is hoping to keep the […]

  • Microsoft is fixing Xbox One’s slow controllers

    Xbox One control pads have many charms, but quick start up is not one of them. The Xbox One controller currently takes up to five seconds to connect to your console after switching on, which is an eternity for someone with an attention span as short as mine. Luckily, Microsoft is working to fix this […]

  • Lucius 2 releases on Friday the 13th (of course)

    Lucius 2 has a really fitting release date. Lucius developer Shiver Games has produced a follow-up to the dark tale of an evil child, and it’s coming your way on February 13 – which just so happens to be a Friday. Lucius 2: The Prophecy will set you back $20, and release through Steam. As […]

  • Saints Row 4: Re-Elected PS4 recalled in Australia, incorrect content to blame

    Saints Row 4: Re-Elected has been recalled in Australia due to a mysterious manufacturing issue. An Australian PR representative said that the retail PS4 version of Saints Row 4: Re-Elected has “a serious manufacturing issue” and has been recalled nation-wide. Here’s what we were told (emphasis mine): “A manufacturing issue has caused an incorrectly classified […]

  • The Whispered World follow up now coming to PS4, too

    Deadalic’s gorgeous-looking adventure Silence has been confirmed for a fourth platform. Originally announced for Mac and PC with an Xbox One port one revealed at a later date, Silence is now on its way to PS4 as well. All versions are due later this year. Silence is Deadalic’s first multi-platform release and in my mind […]

  • Mythbusters to tackle DOOM this weekend

    DOOM is the subject of the next episode of Mythbusters. Having been airing for over ten years now, Mythbusters has pretty much run out of myths to bust, which is why we find ourselves in 2015 with an episode dedicating to answering the question “could DOOM be real?” Bethesda has rveealed that the January 31 […]

  • Destiny hosting a Bungie Bounty – go go go

    Destiny players have a chance to take down Bungie employees in return for one of the most exclusive vanity items in the game. Destiny’s Bungie Bounties usually feature guests from the community, and today’s event is no exception. Joining Bungie community manager David “Deej” Dague are several members of Bungie.org, the developer’s most staunch fan […]

  • Elite: Dangerous developer issues lay-offs

    Elite: Dangerous team Frontier Developments has had to let staff go. At least 15 staff have been laid off from the developer’s Halifax studio. According to an investor update, this decision will allow Frontier to focus its efforts at its primary studio in Cambridge, England. “With its business emphasis now on two major self-published franchises, […]

  • 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 […]