Both Microsoft and Sony made news at the Tokyo Game Show Wednesday. Microsoft announced its New Xbox Experience offering, which includes game, TV and movie downloads, as well as a new virtual world for Xbox 360 owners. Sony, meanwhile, announced that Home, its much-delayed virtual world for the Play...
Business travel is a major expense, ranking third on corporate budgets behind personnel and IT. The World Travel & Tourism Council estimates U.S. business travel spending at $179 billion, followed by second-ranked Japan at $64 billion. Besides the increasing financial expense of air travel and i...
Media giant Time Warner plans to sell off its remaining 84 percent stake in its recently spun-off cable company. The company unveiled the strategy as it posted weaker profit and its AOL Web portal grew modestly in advertising revenue. Time Warner said net profit for the first quarter was $771 millio...
More than a year after it shut down The WB Television Network, Warner Bros. said Monday it is bringing back the brand as an advertising-supported, video-on-demand site. Warner will launch a beta version of TheWB.com sometime early next month as part of a larger push to capitalize on new channels for...
Microsoft has teamed with Hollywood production company Safran to create original content available only to owners of its Xbox 360 gaming console, the two companies announced Monday. Safran has helmed the production several films, including "Scary Movie," and it has produced recent films such as "Mee...
With a marked lack of fanfare, Microsoft lowered the price of its Xbox 360 add-on HD DVD player from $179 to $129. Microsoft has also bundled five free HD DVDs with the player. The price cut comes just a few weeks after Toshiba dropped the price on its three HD DVD standalone players to $149 from $2...
In an effort to boost its market share in China, Google is reportedly in the final stages of a deal with Universal Music Group that would enable the Internet search giant to provide free music downloads to Chinese users. Google, the No. 1 search engine in other large markets such as the U.S., signif...
The online video distribution sweepstakes gained another entrant Monday, with Cablevision throwing its resources behind a joint venture with Popcorn that will offer movie downloads the same day they are released on DVD. The service will enable subscribers to Cablevision's iO TV digital cable service...
Aided by a more stabilized sales showing for its video game category, Sony reported a healthy bounce in profits for the third quarter. The Tokyo-based firm's PlayStation business halted a streak of six consecutive money-losing quarters, while its core electronics segment -- which includes liquid-cry...
When Warner Bros. Entertainment moved all its high-definition eggs into the Blu-ray basket a week and a half ago, tremors could be felt throughout the digital entertainment world. HD DVD champion Toshiba canceled a press event in response, and all eyes fell on Paramount and Universal, the last major...
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