Yahoo,Sony online video deal

Sony BMG Music Entertainment has come down to a licensing deal with Yahoo Inc that could make way for people to upload files with music, the companies said on Tuesday.

Yahoo said that the financial terms of the deal were not revealed. The agreement calls Sony to receive a cut of advertising revenue. The deal covers giving out of music videos through Yahoo player applications that users can place on other sites.

This agreement marks that Yahoo has reached a deal with a major recording company over licensing content in user created videos. Sony BMG is a joint venture of Sony Corporation and Bertelsmann.

The deal reflects the recognition of user created videos, which includes copyrighted content. Sony BMG also reached a similar deal with Google Inc last year. The agreement included Google subsidiary YouTube.

Major media and Internet companies issued a set of guidelines last month which required web portals that hosted user generated videos. Earlier, Yahoo said that it was deploying video identification and filtering technology early next year.

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November 20, 2007 | Filed Under Internet, Tech News | Leave a Comment

Sony lowers PS3 software kit price

Sony Corporation on Monday lowered the fees it was charging for a software development kit for the PS3 console in order to get more designers to do video games for the machine.

The company said that it would strengthen its backup support in order to make new games for the PS3. The console comes with a Blu-ray disc player and a processor, is Sony’s new product in years. Sales look no good for Sony because of high prices and lack of games.

Although PS2 dominated the gaming market, PS3 has had a hard time against rivals like Nintendo. The console has succeeded in getting players by offering games that use handheld device for the remote control.

Sony has sold about 5.5 million PS3 consoles world over, Sony’s spokesperson said. The console went on sale late last year in U.S and Japan.

PS3 has not been able to compete with Xbox. Microsoft has sold about 13 million Xbox 360 devices from the last two years. Xbox has also slashed it prices in Japan from ¥39,795 to ¥34,800.

Sony’s PS3 sales beat the Wii from Nintendo for the first time this month between Nov 5 to Nov 11, with 55,924 PS3 machines sold vs. 34,546 Wii’s. Sony’s chief executive said that last week sales in the U.S doubled after the price cut.

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November 19, 2007 | Filed Under Gaming, Tech News | Leave a Comment