Digital Revenue Will Be More Dominating In Coming Times, Says Peter Moore

EA COO Peter Moore is counting on a dominating role for digital revenue in video games. Speaking at the Digital Entertainment World conference, he said that he expects the digital sales to completely eclipse retail numbers in the next two years. He likened the rising prominence of downloads as a kind of “creative destruction,” in which an industry is unable to manage the evolving buying habits of its consumers. Moore compared the situation to the music business, that he says remains recovering from its shift away …

Jim Greer to Step Down as Kongregate CEO

Jim Greer is very soon stepping down as Kongregate’s CEO. He declared the news in a forum post on the indie game portal’s web site. His sister Emily Greer will become the site’s next CEO. Jim will stick with the supportive role in the site and along with it will also be launching a non-profit political action group, according to a top website. The modification will go into effect on February 28. Kongregate is host to thousands of games, both downloadable and browser-based. …

PlayStation 4 Sales Crosses 5 Million Mark

PlayStation 4 sales have crossed over the 5 million mark way before Sony’s forecasts, according to the company’s latest estimates. Sony announced that they have more than 5.3 million PlayStation 4 sales as of February 8, which means it has sold-out around a million units since the start of the new year. The figure is specified as “sell-through,” representing sales to consumers instead of shipments to retailers. The console hit 4.2 million sales on December 28 last year, therefore it looked quite possible to eclipse Sony’s aim of 5 million units sold-out by the end of March 2014. In …

SONY to Sell-Off Entire PC Business

Sony has announced that they are selling off their entire PC division. Well, yes the news is absolutely true and is very surprising. Sony’s Vaio PC business will be sold off to Japan Industrial Partners, wherein 250 to 300 workers involved with the PC business are also making a move. “As a part of the business transfer to JIP, Sony will stop planning, design and development of PC products,” Sony said in their latest press release. This sudden move came off due to Sony expecting a net loss of $1.1 billion in the year ending March 2014. This could …

Google Selling Motorola To Lenovo For $2.91 Billion

The biggest tech company this time is interested in selling one of division i.e. Motorola handset to Lenovo for $2.91 billion. It is currently the biggest deal for chinese electronics company.Earlier Lenovo had offered $2.3 billion to IBM for low-end server business. This Chinese company will pay search engine giant as $660 million in cash, $750 million in Lenovo shares, …