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GameSpot 28 April, 2021 - 09:58pm 34 views

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PlayStation 5 Nike sneakers coming in May, says report

CNET 28 April, 2021 - 04:59pm

Nike brand partnerships lead to some of the most desired sneakers around, as is evident from the collaboration with rapper Travis Scott, whose latest Jordan 6 shoes sold out in minutes. If availability of the upcoming PlayStation 5 sneakers is anything like that of the console they're based on, expect the shoes to be hard to find once they're released. 

Paul George of the LA Clippers will have another collaboration between his line of Nike shoes and PlayStation coming in May, according to sneaker-focused Instagram account LaceUpHK. The Nike PG 5 "PlayStation 5" comes in blue and white and includes multiple PS5 logos. The sneakers will reportedly cost $110 when they come out next month. 

George, Nike and Sony released their first collaboration with the Nike PG-2 sneaker in 2018. The sneaker had a unique look, with a color scheme that used the hues of the controller buttons and LED lights. 

Nike said it doesn't have information to share at this time. 

Sony Corp Doubles Full-Year Net Income With Boost From Games, Music & Movie Units; Pictures Records $762M Profit

Deadline 28 April, 2021 - 02:44am

Sony Corp logged a record $10.7 billion in net income for fiscal 2020, a 101% increase over the previous year thanks in part to the Games and Networks Services, Music and Film divisions. Still, the company, which unveiled its results in Tokyo on Wednesday, is cautious about the coming year, forecasting a roughly 4% profit loss due to expected decreases in Music and Games among other segments as Covid restrictions loosen up around the world and in-home demand for content eases. This should, however, be partially offset by increases in other areas including Sony Pictures Entertainment.

That division saw its profits for the year ended March 31, 2020 rise 21%, to $762M, despite a 25% decrease in sales to $7.2B. Both are results of the impact of the coronavirus. With movie theaters shut around the world for a large portion of the year, and amid a production slowdown, revenues were affected. Conversely, lower spend on theatrical marketing and higher home entertainment sales put a positive sheen on profits.

Looking ahead, Sony Pictures Entertainment is forecasted to see a 50% increase in sales for fiscal 2021 to 1.14 trillion yen ($10.5B), but just a 3% jump in profits. The small hike is expected in relation to the cost of supporting upcoming theatrical releases, which include Peter Rabbit 2: The Runaway in June (the sequel has already been performing strongly in Australia) and Hotel Transylvania: Transformania in July, followed by Venom: Let There Be Carnage, Ghostbusters: Afterlife and Spider-Man: No Way Home rounding out the year. Sony is also eyeing an increase in sales for TV productions including revenues from the licensing of Seinfeld.

Games and Network Services reported profits of 342.2B yen ($3.14B), up 44% from the previous year. Earnings were boosted by increased game software sales and network services sales, mainly from PlayStationPlus which had 47.6M subscribers at the end of March. However, Sony reported a loss resulting from strategic pricing of PlayStation 5 hardware (which was set at below the manufacturing costs) as well as general administrative costs related to the launch. PS5 rolled out at the end of 2020 and has sold 7.8M units. Sony is eyeing a 9% increase in sales for fiscal 2021, but a slight dip in profits. The company noted that there’s been difficulty in supply being able to meet demand.

The Music segment saw strong hikes with sales up to 940B yen ($8.6B), an 11% year-on-year increase. This is where the impact of runaway smash Demon Slayer – Kimetsu No Yaiba – The Movie: Mugen Train is felt as anime business sales fall under the Music umbrella; Sony’s Japan-based subsidiary Aniplex co-produced the pic whose global gross was an estimated $457M through Sunday. Operating income in the segment grew to $1.7B. The forecast here is for slightly higher sales in 2021 with a dip in profits.

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