Sony has announced a $1 billion loss for the fiscal year of 2008 which is its first annual loss in fourteen years. This net loss meets the predictions from top experts at Sony that the fiscal year ending March 2010 will see an even greater loss, estimated at $1.26 billion. Sony insiders indicate reduced sales, a ...

2008 was a good year for video games. Better than expected actually. Media Control GfK International says that video games sales surpassed DVD and Blu-ray sales worldwide for the first time in 2008. Does that mean we like to play more than we like to watch movies? Did the financial crisis strike our movie addiction? DVD ...