CFO

PS5 Supply Shortages Will Continue This Year – Sony CFO

Source Node: https://gamingbolt.com/ps5-supply-shortages-will-continue-this-year-sony-cfo
Time Stamp: April 29, 2021 9:48 AM - Modified On: October 29, 2021 - Published By:
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“Can we drastically increase the supply? No, that’s not likely,” says Sony’s Hiroki Totoki. New consoles are always in high demand, but the PS5 and Xbox Series X/S are seeing supply shortages the likes of which we haven’t seen all that often. The COVID-19 pandemic has been largely responsible for that, with the disruption of manufacturing and supply lines, as well as a global shortage of components, resulting in supply of hardware being unable to satisfy the high demand almost everywhere. But how long is that expected to continue? Many

Sony Investing ‘Aggressively’ in First-Party Studios, Exclusives

Source Node: https://www.dbltap.com/posts/sony-investing-aggressively-in-first-party-studios-exclusives-01f4cscwmw97?utm_source=RSS
Time Stamp: April 28, 2021 3:46 PM - Modified On: April 28, 2021 - Published By:
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Top GamesSony aims to step up its exclusive PlayStation offerings this year. | Photo courtesy of Insomniac Games/SonySony plans to put another $183 million into its first-party studios in addition to building out partnerships with third-party studios.Sony chief financial officer Hiroki Totoki detailed the plan during Wednesday's Sony earnings call."In terms of costs, we plan to increase development, personnel and other costs in our in-house studios by approximately [$183 million] year-on-year as we further strengthen out in-house produced software," Totoki said.Comments from Sony CFO on PS5 hardware and engagement:- Demand

Sony Confirms They Are Investing More Money For PS5 Exclusives 

Source Node: https://gameranx.com/updates/id/222575/article/sony-confirms-they-are-investing-more-money-for-ps5-exclusives/?utm_source=rss&utm_medium=rss&utm_campaign=sony-confirms-they-are-investing-more-money-for-ps5-exclusives
Time Stamp: April 28, 2021 2:19 PM - Modified On: October 29, 2021 - Published By:
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This latest generation of video game console platforms didn’t have the big reveals and marketing campaigns that previous consoles had. Thanks to the worldwide health pandemic, Sony and Microsoft were pretty limited in how they could go around to showcase their new consoles for players. However, what worked out on their end was the fact that so many quarantine orders had driven up sales for video games along with their platforms. With that said, there was a major problem that we’re still facing today with these latest consoles. Right now

Sony Anticipates Short PS5 Supply To Continue Through This Year

Source Node: https://gameranx.com/updates/id/222551/article/sony-anticipates-short-ps5-supply-to-continue-through-this-year/?utm_source=rss&utm_medium=rss&utm_campaign=sony-anticipates-short-ps5-supply-to-continue-through-this-year
Time Stamp: April 28, 2021 2:15 PM - Modified On: October 29, 2021 - Published By:
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Republished By Plato

This pandemic has put a ton of obstacles for people to go up against. From health to job issues, it’s looking more and more like there is a light at the end of the tunnel. However, those of you who are trying to get their hands on a new video game console and assume that so many more jobs starting back up again will result in more consoles being available in the marketplace will be mistaken. Sony has recently come out and stated that their PlayStation 5 will still be

Sony Announces New Changes to its Leadership Structure

Source Node: https://twinfinite.net/2021/03/sony-announces-new-changes-to-its-leadership-structure/
Time Stamp: March 22, 2021 2:43 PM - Modified On: October 29, 2021 - Published By:
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Sony is today announcing several changes to its leadership structure designed to “continue to drive growth and innovation” following the recent departure of former deputy president John Tsuyoshi Kodera, who has since moved to a new position at Sony Group Corporation. New promotions and changes include the promotion of Hideaki Nishino to SVP, platform experience. He will oversee network engineering and operations, R&D, design, data strategy, and operations in addition to managing Product and Platform development. A press release today offers a brief overview of Nishino’s tenure with Sony: Nishino

Modern Times Group Appoints Former CFO Maria Redin as President and CEO

Source Node: https://esportsobserver.com/mtg-appoints-maria-redin-ceo/
Time Stamp: September 3, 2020 12:43 PM - Modified On: September 3, 2020 - Published By:
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ESL and DreamHack parent Modern Times Group has appointed Maria Redin as group president and CEO effective immediately. Redin joined MTG in 2004 as a management trainee and most recently served as CFO. She has also previously held the position of CEO for Bet24, a former MTG gaming entertainment company. Her appointment follows the resignation of former CEO Jorgen Madsen Lindemann in July. According to a release, Lindemann will continue to act as an adviser to the company until the end of his notice period. With Redin’s appointment, MTG has

MLB Deputy Commissioner Departs to Join Activision Blizzard

Source Node: https://esportsobserver.com/tony-petitti-activision-blizzard/
Time Stamp: August 10, 2020 3:25 PM - Modified On: August 10, 2020 - Published By:
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By John Ourand and Eric Prisbell  One of MLB’s two Deputy Commissioners has left to take a senior job with the country’s biggest esports operator. MLB Deputy Commissioner of Business & Media Tony Petitti was named Activision Blizzard’s president of sports & entertainment today. He will remain based in N.Y and report to Activision Blizzard CEO Bobby Kotick. Petitti officially starts next week. “What Tony’s going to be uniquely able to do is unite what we’re doing in sport, film and television and consumer products, into what we do in

Bungie Vet Says Destiny Deal With Activision Was “Bad From The Start”; Microsoft Almost Signed The Game

Source Node: https://www.gamespot.com/articles/bungie-vet-says-destiny-deal-with-activision-was-b/1100-6479396/?ftag=CAD-01-10abi2f
Time Stamp: July 6, 2020 11:01 PM - Modified On: October 29, 2021 - Published By:
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Video game industry veteran Martin O'Donnell, who composed the music for Halo and was on Bungie's board of directors, has spoken very openly about the deal Bungie made with Activision and how it all fell apart. The long and short of it is that O'Donnell had a bad feeling about the deal for the Destiny series from the very beginning, but the whole story is like something out of a movie.Speaking to YouTuber HiddenXperia, O'Donnell first clarified that it was Bungie's seven members of the board of directors that collectively

How COVID-19 Is Impacting EA’s Business

Source Node: https://www.gamespot.com/articles/how-covid19-is-impacting-eas-business/1100-6478846/?ftag=CAD-01-10abi2f
Time Stamp: June 22, 2020 9:35 PM - Modified On: June 22, 2020 - Published By:
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Due to the COVID-19 pandemic, more people are staying home and playing video games. As such, spending on gaming has grown, and Electronic Arts is among the companies that is benefitting. In a new "fireside chat," EA CFO Blake Jorgensen said the company is expected to announce its biggest-ever Q1, which runs April-June.EA said in May that it expects to make $5.525 billion in revenue and a profit of $978 million for the period, which is a record for Q1, but Jorgensen said that the real numbers will be even

EA Says It Will “Double Down” On Star Wars Games Going Forward

Source Node: https://www.gamespot.com/articles/ea-says-it-will-double-down-on-star-wars-games-goi/1100-6478844/?ftag=CAD-01-10abi2f
Time Stamp: June 22, 2020 8:44 PM - Modified On: June 22, 2020 - Published By:
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With Star Wars, EA has one of the most sought-after licenses in all of entertainment--and the company plans to take full advantage of it. In a "fireside chat," EA executives spoke about how the company plans to "double down" on Star Wars after the huge success of Star Wars: Battlefront 1 and 2, Galaxy of Heroes, and Jedi Fallen Order more recently."Up is my hope--up and to the right," EA CEO Andrew Wilson said about where he hopes the company will take Star Wars in the future. "We have a