SCE buys Gaikai, Sony make first move into Streaming Games

[Train wreck]

Flanneryaug said:

Icy-Zone said:

Flanneryaug said:
I think this is a pretty bad decision by Sony. A company that lost 6 billion last year shouldn't be spending 380 million on unnecessary tech.

I heard it was 1.2 billion. These are some comments from n4g members. Apparently sony's still ballin'.

Mikhail  +   2h ago

Deficit in the balance sheet is different from net loss in the income statement. Just google those to know the difference

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LNDCalling  +   1h ago

For a company purported by many to be in financial difficulty they aren't half flashing the cash!

In 2012:-

USD 1,000,000,000 (Invested in camera image sensor production)
USD 623,000,000 (Invested in Olympus)
USD 380,000,000 (To acquire Gaikai)
USD 2,200,000,000 (EMI - as 50/50 JV assume circa USD1bn from Sony)
USD ??? (Sony and Panasonic OLED TV joint venture)

And late 2011:-

USD 1,470,000,000 (To acquire Ericsson)

And these are just a few of their recent investments / acquisitions.

Back on topic, I think this is a good move in all sorts of ways especially if implemented correctly and one that could send shockwaves through the industry depending what they do with it… interesting times!

They lost 1.2 billion in the last financial quarter, but about 6 billion in the last financial year. Also, all of your data shows why Sony is in its current financial situation. I'm not saying that cloud gaming won't ever be a good investment, but it isn't one right now.

Wrong.  The loss for SCE was from March 2011 to March 2012.