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Sony Shares Slide on ‘Monumental Challenge’ From Microsoft-Activision Gaming Deal

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Sony Shares Slide on ‘Monumental Challenge’ From Microsoft-Activision Gaming Deal

Shares in Japan’s Sony Group fell 9 percent on Wednesday after gaming rival Microsoft said it would buy developer Activision Blizzard for a record $68.7 billion (about Rs 512,375 crore).

While Sony’s PlayStation is widely seen as leading the generational battle with Microsoft’s Xbox, the acquisition of the Call of Duty maker comes at a time when Microsoft is aggressively expanding its Game Pass subscription service.

In recent years, Sony has beefed up its network of in-house game studios and released a slew of exclusive games, including its Spider-Man franchise, while Microsoft is catching up. Amir Anvarzadeh, a market strategist at Asymmetric Advisors, recommends shorting the stock, he wrote in a note to clients.

Sony, a pioneer in virtual reality, announced some interesting details about its next-generation headset this month, but deep-pocketed non-traditional players like Facebook owner Meta Platforms are investing in virtual worlds or virtual online worlds.

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PlayStation is Activision’s main source of revenue, complicating any potential decision by Microsoft to remove games from Sony’s systems and squeeze its rivals. Many industry watchers believe that operability across multiple platforms is essential for users to play, shop and work freely as the cloud improves ties to the massive gaming hardware that has made Sony and Microsoft the industry gatekeepers.

“If Microsoft continues to offer these games to the (PlaySation) platform as well, it suggests it could be positioning itself in the metaverse for the long term,” Jefferies analyst Atul Goyal wrote in a client note.

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Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

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Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

Tom Holland, last seen in Apple TV show The Crowded Room last year, has signed his next with Academy Award-winning filmmaker Christopher Nolan.

Tom Holland is going to have a very busy 2025. As per The Hollywood Reporter, the actor has signed Christopher Nolan’s next, which he will juggle the filming of with that of the long-awaited Spider-Man 4. (Also Read – Tom Holland shares why he left alcohol behind: ‘Struggling without booze…’)

Tom signs Nolan’s next

This will mark the first collaboration between Tom and Christopher. While details of his next directorial aren’t known yet, it’s most likely not to have a contemporary setting. It’ll be either set in the past like, his previous film Oppenheimer (2023), or in the future like Interstellar (2014). Matt Damon, who has worked with Christopher in both, has also come on board his next.

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Christopher’s next will be co-produced by him and his wife Emma Thomas’ banner Syncopy Inc and Universal Pictures, as the two production houses will team up after the Academy Award-winning blockbuster Oppenheimer last year. Prior to Oppenheimer, Christopher collaborated mostly with Warner Bros before having a fallout post the debacle of Tenet (2020).

Warner Bros then went on to produce Greta Gerwig’s musical satire Barbie, which clashed with Oppenheimer at the box office and even outperformed it globally. Warner Bros offered Christopher a cheque for the fees he waived off for helming Tenet during the pandemic. While Christopher graciously accepted the belated remuneration, he still went on to pitch his next to Warner Bros.

Tom’s busy schedule

Tom didn’t have any release this year. His last outing was Todd Graff’s psychological thriller show The Crowded Room on Apple TV last year. He’ll juggle the filming of Christopher Nolan’s next and Spider-Man 4 in 2025. Tom has been playing the superhero ever since Russo Brothers’ 2016 blockbuster Captain America: Civil War. He’s slipped into the Peter Parker shoes post that for three standalone films and two Avengers movies. Spider-Man 4 will be helmed by Shang-Chi and the Legend of the Ten Rings director Destin Daniel Cretton.

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As Tom’s girlfriend and co-star Zendaya will be busy filming Spider-Man 4 in 2025, she’ll reprise her role of Chani in Denis Villeneuve’s sci-fi spectacle Dune 3 only in 2026. Meanwhile, Tom is also likely to make an appearance as Spider-Man in Russo Brothers’ Avengers: Doomsday, which will go on floors in the spring of 2025.

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