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Sony Sells U.S. HQ

  • Financial
  • News
24 Jan

The Madison Avenue property went to the Chetrit Group for a reported $1.1 billion

bloomberggamesindustry internationalheadquartersmadison avenuenew yorksony corp.the chetrit group Read more

Rhode Island Acquires Studio 38’s Assets

  • News
Studio 38 Logo 10 Aug

U.S. Bankruptcy Judge awards the Rhode Island Economic Development Corp. and Bank of New York Mellon Trust the rights to the studio’s IP

bank of new york mellon trust co.bankruptcybloombergcopernicuscurt schillingjudge mary walrathkingdom of amalurrhode island economic development corporationstudio 38 Read more

Sony Cutting Executive Pay Following Fourth Straight Loss

  • Financial
  • News
13 Jun

In the wake of a ¥856 billion (approx. $10.75 billion) loss over the past four years, Sony Corp. is instituting pay cuts across many of its high ranking executive class, including CEO Kazuo Hirai. No exact reduction figures were announced. In a statement made to shareholders earlier today, Sony confirmed ¥799 million (approx. $10 million) […]

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Nexon Buyout Rumors Cause Spike in EA Shares

  • Financial
  • News
  • Rumor
27 Apr

After a rumor of an Electronic Arts buyout by South Korean free-to-play publisher Nexon began circulating early this morning (via Bloomberg video report), shares in EA spiked $1.22 (8.1%). Coming up from a year-long low, Electronic Arts evened out at $16.23 after closing bell.

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