Sony lowers its profit projection as the games industry struggles

Sony Group Corp. trimmed its profit forecast after a weak first quarter for its PlayStation business, which it blamed on waning consumer interest due to a lack of new games and an easing of COVID-19 constraints that dampened stay-at-home gaming. Sony said the business would draw support, however, from its upcoming game slate and as … Read more

Netflix partners with Microsoft on ad-supported subscription plans

Netflix has appointed Microsoft as its partner for the ad-supported service, the company announced Wednesday. “Microsoft has the proven ability to support all of our needs as we jointly build new ad-supported offerings. More importantly, Microsoft offers the flexibility to innovate over time on both the technology and sales fronts, as well as strong privacy … Read more

Netflix names Microsoft as partner for ad-supported platform

Netflix Inc. have chosen Microsoft Corp. as a technology and sales partner for ad-supported subscription plans, a Microsoft executive revealed in a blog post on Wednesday. “Microsoft has the proven capabilities to support all of our advertising needs as we jointly build new ad-supported offerings,” Netflix NFLX, +1.21% Chief Operating Officer Greg Peters said in … Read more

Wealthy customers will help Apple resist the effects of inflation

An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, the annual inflation rate in the … Read more

Snoop Dogg on crypto winter and the future of NFTs

Perhaps the most prominent celebrity figure in the Web3 zeitgeist is Snoop Dogg, but for Snoop being an early adopter is nothing new. In 2014, the rap icon was part of a $50 million investment into Reddit, which valued the company at around $500 million at the time. Today, the platform is worth $15 billion, … Read more