‘The Woman King’ shows why the box office needs more mid-budget movies

Viola Davis stars in Sony’s “The Woman King.” Sony “The Woman King” held firm at the box office during its second weekend in theaters. The Sony film is expected to generate $11.2 million in ticket sales domestically from Friday through Sunday, a 42% drop from its opening weekend. Typically, blockbuster films will drop 50% to … Read more

Nintendo shares jump 5% after record Japan sales of Splatoon 3

Nintendo said domestic sales of Splatoon 3 hit a record in the first three days of the game being on sale. Splatoon 3 proved to be a hit in Japan, helping keep momentum for Nintendo’s aging Switch console. Philip Fong | AFP | Getty Images Nintendo shares rose 5% on Tuesday after the Japanese gaming … Read more

Sony, Tencent, NetEase continue deal hunt to expand new formats, markets

Revenue from mobile games accounts for more than half of the mobile gaming market. Sony is looking to diversify beyond consoles with its new dedicated PlayStation mobile gaming division. Mateusz Slodkowski | SOPA Images | LightRocket via Getty Images Sony Sony’s PlayStation has dominated the gaming console market for a long time. But the business … Read more

Nationwide $3 movie deal draws record customers on National Cinema Day

An AMC movie theater in New York. Scott Mlyn | CNBC A $3 movie ticket promotion meant to boost sales across cinemas during a typically sleepy weekend for the business has drawn in 8.1 million customers, according to the National Association of Theater Owners. By those numbers, Saturday was the best day of the year … Read more

Sony sets up a PlayStation mobile gaming unit in push beyond consoles

Revenue from mobile games accounts for more than half of the mobile gaming market. Sony is looking to diversify beyond consoles with its new dedicated PlayStation mobile gaming division. Mateusz Slodkowski | SOPA Images | LightRocket via Getty Images Sony set up a dedicated PlayStation mobile gaming unit in a major push to diversify beyond … Read more

Sony raises the price of the PlayStation 5 console due to soaring inflation

In this photo illustration a PlayStation 5 logo seen displayed on a smartphone. Mateusz Slodkowski | SOPA Images | LightRocket via Getty Images Sony on Thursday raised the recommended retail price of its PlayStation 5 games console in several international markets citing the global economic environment, including high inflation. The Japanese gaming giant said that … Read more

Asia-Pacific markets trade mixed following a quiet Wall Street

Sri Lanka’s central bank governor sees country’s inflation peaking around 60% Inflation in Sri Lanka will peak at just above 60% in September, central bank governor Nandalal Weerasinghe told CNBC’s “Squawk Box Asia” — a shift from his previous forecast last month. The central bank held rates steady Thursday on cautious optimism on the defaulted … Read more

No Way Home’ return to theaters

Tom Holland stars as Peter Parker in “Spider-Man: No Way Home.” Sony Spider-Man, the Na’vi and a ragtag group of galactic rebels are making their way back to theaters at the end of the summer. Disney is releasing the Star Wars prequel “Rogue One” and “Avatar” in domestic theaters in the coming weeks, while Sony … Read more

Microsoft Xbox, Sony PlayStation, Nintendo: Video game earnings round-up

A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Yelim Lee | AFP via Getty Images The giants of the video game world saw their sales slide in the second quarter, as initial tailwinds from the Covid pandemic faded. In the three months ending June, Microsoft, Sony and Nintendo each posted … Read more

Morgan Stanley on market bottom and tech stocks, Nasdaq

Stocks have broadly rallied in July, with the Nasdaq bouncing off earlier declines. And Wall Street is debating if markets have hit the bottom yet. Growth stocks such as tech have slumped broadly this year on the back of monetary tightening, recession and other risks. And Morgan Stanley in an Aug. 3 report warned that … Read more