business finance

  • Sony Goes Big On Epic Games With Whopping $1.35 Billion Investment

    Sony Goes Big On Epic Games With Whopping $1.35 Billion Investment

    Epic Games recently announced an epic new wave of fundraising, notable both for the $US2 ($3) billion it’s pulled in and for an eye-raising firm present among the leading partners: Sony. The makers of PlayStation VR have invested a cool $US1 ($1.35) billion in Epic to further “the development of new digital fan experiences” and…


  • Sony Cuts PlayStation Jobs Despite Growth

    Sony Cuts PlayStation Jobs Despite Growth

    Sony is cutting up to 90 jobs from its “merchandiser” and retail marketing teams as part of a “global transformation,” according to a new report by Axios. The layoffs come despite the continued growth of PlayStation thanks to the success of the PS5, and some employees were caught off guard by the move.