Sony Selling U.S. Headquarters

[Lunar Templar]

o.0

well, i knew they where having problems but damn ...

that's what releasing crap no one wants will do though

 

[Jumwa]

All off the Big 3 are hurting right now but Nintendo's the most financially vulnerable. Not to say they'll go down, but they're locked in to the gaming industry. Sony and MS can leave and not care. Honestly, if it were to be a 2 console market, I could see Sony or MS outspending Nintendo one on one.

Gamers have been reading the negative-Nintendo news too long.

The reason Kaz Hirai was made president of Sony is because the gaming department was the only profitable portion of Sony for ages. That's been changing as the Vita bombed and the PS3 didn't meet expectations.

Sony can not afford to cut and run from gaming.

 

[Atmos Duality]

The sale of the 37-story building, located at 550 Madison Avenue, is part of a "range of initiatives" Sony is taking in order to improve cash flow. To do this, the company is "carefully selecting investments, selling assets and strengthening control of working capital such as inventory."

Translation: "WE ARE FAILBOATING AND NEED CASH."
Welp, nothing can expand forever, and after witnessing their propensity for self-destruction and certain anti-consumer practices, it's not surprising.

 

[MrHide-Patten]

Well looks like I gotta invest in a good PC gaming rig and learn how to use a mouse and keyboard. My console gaming days are coming to end as it would seem... but then Microsoft locks down their stuff Apple style and I give up completely.

 

[AzrealMaximillion]

All off the Big 3 are hurting right now but Nintendo's the most financially vulnerable. Not to say they'll go down, but they're locked in to the gaming industry. Sony and MS can leave and not care. Honestly, if it were to be a 2 console market, I could see Sony or MS outspending Nintendo one on one.

Gamers have been reading the negative-Nintendo news too long.

The reason Kaz Hirai was made president of Sony is because the gaming department was the only profitable portion of Sony for ages. That's been changing as the Vita bombed and the PS3 didn't meet expectations.

Sony can not afford to cut and run from gaming.

Uhh, yeah they could. If Sony dropped gaming they'd stop taking a loss on every console/handheld they sell. You forget, Sony is a massive corporation, and also owner of the second biggest music label on the planet as well as Sony Pictures. Profits from those 2 subsidiaries alone have gone up decently. Sony the Corporation is by no means hurting for cash, and could take leaving gaming easily. Especially since that would mean they'd be selling off IPs, studios, and franchises, which would make them a few billion easily. I could see EA, Activision and Ubisoft in bidding wars for a lot of the rights to gaming franchises, a lot of which Sony owns but has done nothing with for a long time.

 

[AzrealMaximillion]

I wasn't aware Sony needed the money that badly.

Believe me, financially they're in the shitter.

They were worth around $120 billion at the start of this decade. They're now worth about $11 billion. While that's a large amount in itself, it's also a drop in value of 90%. If they don't sort out their TV and phone departments soon, they're going to go down the drain. They're already getting their rating downgraded to 'junk' by creditors, and things will only get worse if they don't pull the finger out.

Lolwut? Sony for $11 Billion? Not freaking likely. I could see that for just their gaming, but surely not the entire corporation. Sony's music label alone is worth $6 billion and profits for that have gone up. Same with Sony Pictures and that's worth $8 Billion. Sony Inc is worth closer to $144 Billion dollars. Sony ranked many places higher on the top Fortune Global 500 list than MS and MS is worth about $120 billion.

[link]http://money.cnn.com/magazines/fortune/global500/2012/full_list/index.html[/link]

Where'd you get $11 billion from?

 

[Owyn_Merrilin]

Man, Sony's consumer electronics division had better not fold. They make the best cheap (say, sub $20) earbuds on the market. That may not sound like much in the way of brand loyalty, but it's enough -- there aren't all that many brands I feel any sort of loyalty to.