The parade of viewers dumping cable TV for internet streaming services continued during 2021. American viewers streamed nearly 15 million years’ worth of content over the course of the year, according to Nielsen, an information, data and market measurement firm. Nielsen notes that four types of programming — mystery, drama, reality and children’s fare — made up the bulk of viewers’ top choices...
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If you’re tired of outrageous fees charged by banks, mortgage lenders and other financial institutions, a federal consumer watchdog group wants to hear your story. The Consumer Financial Protection Bureau (CFPB) just launched a new initiative encouraging people to lodge complaints about the worst fees they’ve encountered. The CFPB — a federal agency established in 2011 to protect and enforce...
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Editor's Note: This story originally appeared on After50Finances.com. It’s almost here! After decades of work you’ll be retiring within the next four years. Congratulations! You’ve earned it! But you know that there are some final steps that you need to take before you retire. Let’s look at those tasks and see if we can’t find some resources to help you toward the retirement lifestyle you’ve...
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Since the short pandemic-induced recession of 2020, the job market has recovered quickly. At the onset of the pandemic, the U.S. lost over 22 million jobs, but according to the most recent data from the Bureau of Labor Statistics, nonfarm employment is currently just 4.2 million lower than pre-pandemic levels. While monthly job gains have not been steady, employment in October of 2021 was 5.
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Sony’s deal comes weeks after Microsoft unveiled a landmark US$69 billion pact to acquire Call of Duty maker Activision Blizzard, which Microsoft says would make it the third-largest gaming company by revenue behind Tencent and Sony. — AFP pic
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SAN FRANCISCO, Feb 1 — PlayStation maker Sony announced a US$3.6 billion (RM15 billion) agreement yesterday to buy US video game studio Bungie, creator of hits like Halo and Destiny, as a gaming industry battle heats up with Microsoft.
Sony’s deal comes weeks after Microsoft unveiled a landmark US$69 billion pact to acquire Call of Duty maker Activision Blizzard, which Microsoft says would make it the third-largest gaming company by revenue behind Tencent and Sony.
Bungie is based not far from Microsoft headquarters in the US state of Washington, and its Halo franchise is considered to be among the video games that contributed to the popularity of Xbox consoles.
“This is an important step in our strategy to expand the reach of PlayStation to a much wider audience,” Sony Interactive Entertainment chief Jim Ryan said of the Bungie buy.
Since it was founded in early 1991, Bungie has created games for play on rival PlayStation and Xbox consoles as well as on computers powered by Microsoft Windows software.
Bungie is to remain an independent studio, making games for play on competing devices, according to Sony.
“We will continue pursuing our vision of one, unified Bungie community, building games that value our community and meet them wherever and however they choose to play,” studio chief Pete Parsons said in a release.
Video games that let players roam virtual worlds as avatars are seen as natural predecessors to the metaverse.
The metaverse is a vision for the future of the internet, a virtual world where people will be able to interact using sensors, lenses and other gadgets.
Along with PlayStation video game consoles, Sony sells virtual reality headgear.
‘Destiny’
Bungie said that it is focusing on Destiny, an online first-person shooter franchise set in a science fiction world shared online with other players.
“Our original universes have immense potential and, with SIE’s support, we will propel Bungie into becoming a global multi-media entertainment company dedicated to delivering on our creative vision,” Parsons said.
The metaverse does not yet exist, even though Microsoft used the term to explain its buy of Activision Blizzard.
Some analysts viewed it as Microsoft hedging its bets with a deal that would be profitable with or without the metaverse.
Wedbush analyst Michael Pachter was among those who believe that Sony’s buy of Bungie is a response to Microsoft’s move.
“Seems like a very high price to me, but Sony has few games that monetize after the initial sale, and Bungie is really good at live operations,” Pachter told AFP.
The strategies of long-time console rivals Sony and Microsoft appear to be growing more aligned, analyst Piers Harding-Rolls of Ampere Analysis said in a tweet.
Sony and Microsoft each have stables of game studios, along with subscription services for players.
Facebook has portrayed the metaverse as the inevitable evolution of internet lifestyles, investing in the technology and restructuring to make the social media company’s parent name “Meta”.
The video game sector is booming with publisher Take-Two announcing a deal in January to acquire Farmville creator Zynga for US$12.7 billion, in a major mobile gaming push by the maker of “Grand Theft Auto.”
Analysts believe more acquisitions are on the horizon.
“I do see a lot of companies scrambling to lock up IP (intellectual property),” said DFC Intelligence analyst David Cole.
“The challenge is that it there are not many buyers out there who can afford companies like that,” Cole added. — AFP
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For many Americans, the pandemic has been a uniquely difficult time — full of upheaval, uncertainty and loss. But for a lucky few, it’s been full of much gain. When taken combined, the world’s 10 wealthiest people “more than doubled their fortunes from $700 billion to $1.5 trillion — at a rate of $15,000 per second or $1.3 billion a day — during the first two years of [the] pandemic...
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The countdown to the tax deadline has begun: This year, Tax Day is April 18. Millions of people take a DIY approach to taxes, and we can help with that. Money Talks News has a lot of articles on tax topics. If you’re having trouble with tax debt, we can also point you toward expert help in our Solutions Center. However, if you need help preparing state and federal tax forms for 2021...
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Editor's Note: This story originally appeared on NewRetirement. When to retire? Getting the answer to this question is by far one of the biggest decisions of your life. It’s also a choice that can cause a lot of stress. Here are tips from Dr. Ruth Chang, a professor at Rutgers University and a world-renowned expert on decision-making, that may help you decide when is the appropriate time to retire.
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Editor's Note: This story originally appeared on Inspection Support Network. It’s no secret that America’s most popular cities from a century ago, like New York and Chicago, have actually been shrinking in recent years, but even newer destinations like Los Angeles are also falling from their peak populations. Instead, U.S. residents are flocking to up-and-coming hotspots in the South and West.
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