Toho files suit against Cosmo
APRIL 30 | FROM VARIETY: TOKYO -- Distrib Toho has filed a suit for ¥13.5 million ($130,000) against Cosmo for manufacturing and selling DVDs of three classic Toho pics without permission.
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Nintendo profits jump 48%
APRIL 24 | FROM VARIETY: Nintendo recorded a 48% jump in net profit for the fiscal year ending in March 2008, despite big exchange rates losses, the company announced Thursday.
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Japanese stores go for Blu-ray
MARCH 18 | FROM VARIETY: Music and pic rental majors Tsutaya and Geo will start stocking Blu-ray discs in their stores in Japan.
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Sony launches web video service
MARCH 17 | FROM VARIETY: Sony subsid Sony Marketing will launch a vid service for Internet users on March 31, the company said Monday.
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Wii whips up Nintendo profits
JAN. 24 | FROM VARIETY: Nintendo has revised up its revenue projection for the fiscal year ending in March, while reporting that net profit nearly doubled for the first three quarters of the year, to 258.93 billion yen ($2.4 billion). Sales of Nintendo's Wii console have passed 20 million units worldwide.
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Sony to focus on 40GB PS3 in Japan
JAN. 14 | FROM VARIETY: Sony will stop selling two PlayStation 3 models -- the 20GB and 60GB -- in Japan at the end of the month to concentrate on the 40GB console.
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PlayStation 3 big holiday seller
JAN. 8 | FROM VARIETY: Sony sold 1.2 million PlayStation 3 units in the North American market during the holiday period, the company announced on Monday.
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Sony set to reach earnings goal
DEC. 12 | FROM VARIETY: Sony is on target to meet its goal of 5% profit margins by March, Sony CEO-chairman Howard Stringer told reporters Tuesday in Tokyo. Looking ahead, Stringer said a major theme for next year and beyond will be the expansion of online networking for the PS3 console to other electronics, beginning with the PlayStation Portable.
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Sony adds VOD to PS3
NOV. 30 | FROM VARIETY: Sony Computer Entertainment plans to launch an on-demand high-definition video service in Japan for PlayStation 3 early next year, according to Japanese press reports. Japanese PS3 owners with Internet access will be able to download content onto their PS3 hard drives.
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Wii powers Nintendo past $85 million
OCT. 15 | FROM VARIETY: Nintendo zipped past ¥10 trillion ($85 billion) in market value on Monday as strong demand for Wii game consoles, DS handhelds and software titles tripled the company's value in less than a year.
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Japan videogame makers focus on Nintendo
JUNE 27 | FROM VARIETY: TOKYO-- Japan's Big Three videogame makers plan to launch more titles and ship more units for Nintendo's game systems, including its smash hit Wii console, than for the PlayStation 3 and other competing Sony products in fiscal 2007, according to a Nikkei newspaper survey.
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