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Prosecutor, Hollywood Demand Prison for Pirate Bay Crew 400°
March 2, 2009 // 10:43 pm - Last week we reported on the Pirate Bay Copyright Test Case beginning in Sweden.

Today, the latest news suggests that lawyers and Hollywood companies are leaning to demanding jail time for the four defendants in the trial. Pictured below, Pirate Bay defendant Peter Sunde speaks to reporters.

The prosecution is reportedly seeking at least a year in prison for each defendant, while Hollywood wants two years.

To quote: Three entertainment lawyers and...

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Rumor: First Wave of Microsoft Job Cuts to Affect XBox Division 50°
January 23, 2009 // 10:06 pm - According to an insider, Team XBox has the scoop that the first wave of Microsoft job cuts will hit the Entertainment and Devices division, including Xbox, Zune and Windows mobile.

But as they point out, its a bit surprising as the division experienced good revenue growth last quarter.

To quote: Yesterday, we told you that Microsoft will cut 5,000 jobs over the next 18 months, with 1,400 of those being cut as early as this month.

I'm hearing from my sources that the Entertainment and Devices (E&D) unit – the group that is responsible for Xbox, Zune...

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Confirmed: Sega Cuts Staff, Lays Off 30 Employees 100°
January 20, 2009 // 10:35 pm - It's now been confirmed that about 30 employees have been laid off by Sega, following a short-lived rumor from a company insider.

Sending out an email, a representative for the company divulges information:

Sega of America has grown at pace with the booming videogame industry, but at this time of economic recession, harsh retail landscape, and the reality of business challenges to profitability, we must take steps to reduce our cost structure and ensure long-term success.

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Pachter: PS3 at $299 in April, XBox 360 Price Cut to Follow 200°
January 12, 2009 // 11:08 pm - Well known gaming industry analyst Michael Pachter believes that Sony will drop the price of the PlayStation 3 to $299 this April.

Pacther also indicated that Microsoft may further lower its price on the XBox 360.

To quote: Pachter, however, believes the $399 price point will finally come down to $299 in just a few months. Microsoft is likely to drop its price on the 360 as well.

"Once the PS3 is at a more affordable price point (we expect a cut to $299 in April), we think that sales of that device will once again begin to grow. We expect another cut...

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Reeves: No Cutbacks Due to Recession, No PS4 Consideration Yet 100°
December 16, 2008 // 9:53 pm - Sony Europe president David Reeves has told RTL Z that the video game business is not recession proof, but there is no real visible slow-down.

Moreover, he noted that they have loads of personnel that are developing games and this is an investment which SCEE will not scale down at all. Here also added that he is not even sure if a PS4 is being considered, stating that he has no knowledge of it at all and is not sure if it is planned.

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Sony to Cut Manufacturing Plants and 8,000 Electronics Jobs 200°
December 9, 2008 // 3:32 am - Sony has announced plans to cut 8,000 electronics jobs - 5% of the division - as well as shutting 10% of its manufacturing sites.

The company said the jobs would be cut by April 2010 but did not say in which countries the staff would go. Sony said it had been trying to reduce production because of the downturn but warned it still had to do more.

The news came as Japan drastically raised its estimate of the amount its economy shrank from July to September. The Cabinet Office said the economy had shrunk at an annual rate of 1.8% in the quarter, down from its previous estimate...

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Best Buy to Price Cut PlayStation 3 And XBox 360 Titles Sunday 50°
December 7, 2008 // 5:25 am - Best Buy Co. Inc. stores will price cut select game titles for Sony Corp.'s Playstation 3 and Microsoft Corp.'s Xbox 360 in a new week-long video game sale.

Beginning Dec. 7, Konami Corp.'s Metal Gear Solid 4 (PS3) will be discounted to $39.99, $10 off the MSRP. Additionally, Dangerous Hunts 2009 (PS3) will be sold at $$29.99, $10 off the MSRP, and The Simpsons Game (PS3) at $9.99 after a $10 savings.

Discounted Xbox 360 titles include Tom Clancy's EndWar at $39.99, Civil War at $29.99, Legendary at $39.99, and Far Cry 2 at $39.99.

Retailers have held a range...

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Sony: No Plans for Rumored March PlayStation 3 Price Cut 200°
November 24, 2008 // 9:28 pm - Responding to new rumors of a PS3 price cut in March 2009, a Sony Computer Entertainment America rep told Edge, "There are no plans for a price reduction on PS3 in March 09, and anything reported on or discussed otherwise is purely rumor or speculation."

Over the weekend, online magazine D+Pad cited an anonymous source who purportedly attended a Sony staff briefing in London where execs said the PS3 will have a more competitive price from March 2009 and beyond.


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