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Sony will shortly own 10% of Kadokawa
AppWizard
December 19, 2024

Sony will shortly own 10% of Kadokawa

Sony will acquire a 10 percent stake in Kadokawa by purchasing 12,054,100 new shares at Y4,146 each for a total investment of Y49.98 billion (approximately 7 million) on January 7, 2025. This will increase Sony's ownership in Kadokawa from 2.01 percent to 9.68 percent, making it Kadokawa's largest shareholder, although still behind Korea Securities Depository - Samsung and The Master Trust Bank of Japan in terms of major shareholders. The partnership aims to enhance collaboration on adapting Kadokawa's intellectual property into live-action films, television shows, and anime projects.
Google Makes More Money on Windows Than Microsoft, says Satya Nadella
Winsage
December 18, 2024

Google Makes More Money on Windows Than Microsoft, says Satya Nadella

Microsoft CEO Satya Nadella revealed that Google generates more revenue from Windows than Microsoft does. He discussed the competition in the browser market, noting Google's dominance with Chrome and Microsoft's efforts to regain market share with Edge and AI tools like Co-Pilot. Nadella highlighted the open nature of Windows, which allows various AI tools to compete. He expressed satisfaction with OpenAI's partnership with Apple, which he believes benefits Microsoft. He acknowledged the competitive landscape involving major players like Google, Amazon, Meta, and OpenAI, emphasizing that success is not a zero-sum game. Nadella pointed out the shift in consumer expectations from traditional search engines to AI-driven tools and recognized Google's advantage in mobile distribution. He expressed confidence in Microsoft's strategies to reclaim market share and warned of the potential consequences of Google's monopolistic practices, emphasizing the need to change user habits to alter default search engine choices.
Microsoft CEO Satya Nadella: Google makes more money on Windows than all of Microsoft
Winsage
December 18, 2024

Microsoft CEO Satya Nadella: Google makes more money on Windows than all of Microsoft

Microsoft CEO Satya Nadella revealed that Google now generates more revenue from Windows than Microsoft itself. He expressed nostalgia and frustration over the dominance of Chrome in the browser market, indicating a desire for Microsoft to reclaim its position. Nadella noted the challenges of an open Windows ecosystem, which allows competing AI tools to thrive, but remains optimistic about contesting for market share. He discussed the shift from traditional search to AI-driven agents and acknowledged Google's advantages in mobile distribution. Nadella also mentioned his long-standing ambition to secure a search deal with Apple, expressing delight at OpenAI's success in this area. He characterized the AI competition as "very competitive" but not a "winner take all" scenario, indicating Microsoft's commitment to innovation and competition.
Microsoft CEO Satya Nadella shares plans to wrest browser market amid Google’s dominance
Winsage
December 18, 2024

Microsoft CEO Satya Nadella shares plans to wrest browser market amid Google’s dominance

Microsoft CEO Satya Nadella stated that Google earns more revenue from the Windows operating system than Microsoft itself. He highlighted the success of Google's Chrome browser compared to Microsoft's offerings and noted Microsoft's historical victory over Netscape in the browser wars, followed by its loss to Google. Nadella discussed the advantages of Windows as an open system that encourages innovation and competition among AI tools. He mentioned his unsuccessful attempts to secure a search partnership with Apple but expressed satisfaction with OpenAI's success in doing so. Nadella characterized the competition among tech giants like Google, Amazon, Meta, and OpenAI as intense but unlikely to result in a single dominant entity. He pointed out the shift from traditional search engines to AI-powered tools and expressed optimism about Microsoft's potential to reclaim market share in the browser space. Nadella's comments followed his testimony in a 2022 antitrust trial, where he raised concerns about Google's dominance in the search market.
Sony says there's no "major risk" of players choosing PC gaming over a PS5, even if the PS5 Pro is $700 and the base console got a price hike in some regions
AppWizard
December 11, 2024

Sony says there’s no “major risk” of players choosing PC gaming over a PS5, even if the PS5 Pro is $700 and the base console got a price hike in some regions

Sony expressed confidence in the enduring appeal of the PlayStation 5 during a recent shareholders' Q&A, despite a price adjustment for the PS5 in Japan and the introduction of the pricier PS5 Pro. They noted that the PS5 is in the latter half of its console cycle, with an increasing library of exclusive titles. There was a reported dip in PS5 sales following a price hike, which coincided with a rise in Xbox sales. However, Sony remains optimistic about player loyalty, as evidenced by reports of scalpers selling limited-edition bundles for high prices. The company is focused on enhancing the PlayStation experience with exclusive games and features.
Zomato Launches District App For Android, Apple Users
AppWizard
November 17, 2024

Zomato Launches District App For Android, Apple Users

Zomato has launched the District app to enhance its going-out business, which includes dining experiences and ticketed events. The app is available on major app stores and is currently in beta mode. It aims to complement existing services by incorporating features similar to those of Paytm's Insider and TicketNew platforms. Zomato's founder, Deepinder Goyal, noted that the company operates two main consumer businesses, Zomato and Blinkit, while also having a significant going-out business that is gaining traction. The dining-out segment has an annualized gross order value exceeding Rs 1000 million and has achieved profitability. The going-out segment became a reportable category in Zomato's earnings in July 2023, reporting revenue of Rs 95 crore and a profit of Rs 11 crore in the first quarter.
PC and console sales down 46% at Embracer
AppWizard
November 15, 2024

PC and console sales down 46% at Embracer

Embracer Group reported a 46 percent decline in net sales for its PC and console division in the second quarter of the fiscal year, generating SEK 2.12 billion. The downturn is attributed to a sparse release schedule and mixed reception of launched titles. The company also experienced a 33 percent drop in organic growth within the sector. CEO Lars Wingefors indicated expectations of lower earnings for the year due to delays in notable releases and ongoing efforts to improve efficiency and ROI.
Warner Bros admits games business is "substantially underperforming"
AppWizard
November 8, 2024

Warner Bros admits games business is “substantially underperforming”

Warner Bros Discovery's video games division is facing significant challenges, described as "substantially underperforming," with losses exceeding 0 million due to underperforming titles. The free-to-play game MultiVersus has been particularly problematic. CEO David Zaslav acknowledged the need for more consistent performance from the games business and identified four strong and profitable franchises: Hogwarts Legacy, Mortal Kombat, Game of Thrones, and the DC Universe, particularly Batman. The company plans to recalibrate its strategy by focusing on these core franchises and leveraging the strengths of proven studios.
Take-Two CEO says Grand Theft Auto 6 is on track for 'fall' next year, GTA 5 has sold over 205 million, and 'PC will be more and more a part of [our] business going forward'
AppWizard
November 7, 2024

Take-Two CEO says Grand Theft Auto 6 is on track for ‘fall’ next year, GTA 5 has sold over 205 million, and ‘PC will be more and more a part of [our] business going forward’

Take-Two Interactive reported net bookings of .47 billion for the second quarter of fiscal year 2025, within its projected annual target of .55 to .65 billion. The company attributed its success to the popularity of its franchises, particularly Grand Theft Auto and Borderlands. Grand Theft Auto 5 has sold over 205 million units globally, and Grand Theft Auto Online's membership in the GTA+ service has grown by 35% over the past year. Red Dead Redemption 2 has sold over 67 million units. The anticipated release of Grand Theft Auto 6 is expected in the fall of 2026 at the earliest. The recent Borderlands film has been criticized but positively impacted catalogue sales.
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