When Ek sits for a fireside chat at the South By Southwest (SXSW) Interactive Festival here later today, the Swedish-born, aspiring music industry mogul will be able to share some fresh bragging rights: Spotify has signed another 1 million subscribers since December, bringing the total to 6 million and cementing its position as the fastest-growing digital music company ever -- second in reach only to Internet radio company Pandora. A company … Read more
Sony's PlayStation Vita portable has price tags that can't quite get in line.
The 3G-connected model, which originally launched for $299.99, is currently on sale at several Sony retail stores around the country for $199.97, gaming blog Joystiq reported last night. The blog called a host of Sony stores around the country, and a large majority were selling them at that discounted rate.
But there's perhaps more to this than meets the eye. Although some Sony stores are selling the device for less, Sony's own online marketplace is selling the portable for $249.99. … Read more
After having led Sony's board of directors for a year, former CEO Howard Stringer has announced that he will retire from the company in June, the Financial Times reported.
Stringer had his role with Sony increasingly minimized over the last few years. After serving as CEO from 2005 to 2012, Stringer was replaced in that role by Kazuo Hirai, who was at the time head of Sony Computer Entertainment. Stringer remained on the board and then replaced board chairman Yotaro Kobayashi in June of 2012.
Stringer spoke of his decision to retire during a Japan Society lecture in New … Read more
It's been weeks since the PlayStation 4 event underwhelmed many people. Myself included. But as time has passed, my mind's become clearer as to why, exactly, I was so disappointed. It's a challenge for the PlayStation 4 to overcome, but it's also a challenge of all "next-gen" consoles.
I hate the term "next-gen" as much as anyone else, but that's what happens when you have one piece of hardware sit out on the market for six or seven years while you anticipate what the Next Big Thing will be. "Next-gen&… Read more
Google's YouTube, the entertainment industry's longtime "frenemy," is emerging as an important component of record label plans to adapt to consumers who are taking their music mobile.
A part of the streaming-music service that Google is aiming to launch this summer is a new YouTube product that would be designed for the desktop and mobile devices, according to a person familiar with the negotiations between Google and the major labels. Such a mobile offering, coupled with the powerful YouTube brand, could ignite the nascent streaming-music business, now led by Spotify for on-demand music and Pandora for … Read more
Selling or trading in your older used electronics for some fast cash is quick and convenient. You don't have to deal with pesky eBay fees, or haggle over the final sales price with a stranger on Craiglist. Sites like Amazon Trade-In, eBay Instant Sale, and Gazelle all make it easy to send in a used item. You mark the condition of your item, ship it off, let the company inspect it, and wait for the cash to show up in your PayPal or Amazon account. I rounded up five trade-in sites here if you're interested in reading more … Read more
Sony has sold off one of its most prominent buildings in Tokyo.
The company announced today that the Sony City Osaki building in Tokyo was sold off for 111.1 billion yen ($1.2 billion) to the Nippon Building Fund and a Japan-based institutional investor. The company, which currently has 5,000 employees working in the 25-story building, will lease the facility from the new owner for a period of five years.
Sony was reportedly shopping the building last month. The move is part of a broader strategy on Sony's part to offload assets and increase cash flow. Sony … Read more
Sony's PlayStation 4 is a major step forward for the games industry, according to an Electronic Arts executive.
Speaking yesterday at the Morgan Stanley Technology, Media, and Telecom Conference, EA Chief Technical Officer Rajat Taneja said that the PlayStation 4 has "8 to 10 times the power" of current-generation consoles, making it a "gigantic leap for the industry."
Polygon, a PlayStation news site, attended the event and reported on Taneja's comments.
It's not every day the president of Sony writes a blog post headlined "Help Sony's President Name His Pink Audio Balls."
What balls are we talking about? Today, Sony U.S. President Phil Molyneux took to the company's official blog and asked the Internet to leave a comment with a new name for the anemic-sounding SRS-BTV5 Bluetooth Wireless Mobile Speaker. If he likes the name, he'll push it through as the product's new moniker. The people behind the top five names get free -- ahem -- balls.… Read more