Sony Computer Entertainment America CEO Jack Tretton has made it abundantly clear this weekend that the PlayStation 4 is not coming any time soon.
Tretton says the PS3 is only “in the first 25% to 30% of this generation,” meaning there is at least 6 more years before a PS4 is sitting on retail shelves.
“I would say we’re sitting in the catbird seat,” Tretton added, via CVG. “We’ve just passed the third year of the PlayStation 3 and we’re just hitting our stride. And I don’t think anyone is saying, ‘This is a five-year cycle; what’s new on the horizon?’ I can’t even imagine what can be done technically beyond the PlayStation 3 in the near future. A question I often get is when we are going to see PlayStation 4. When somebody can craft the technology that exceeds what we’re able to do on the PS3, but we are still just starting to harness it.”
Although not related, Tretton also said he expected God of War III sales to “blot out the sun.”
Result for: first quarter
Nintendo has confirmed that following today’s launch of the updated DSi LL handheld in Japan, the same system, just dubbed the DSi XL will hit Europe in the Q1 2010.
The updated system includes a 4.2-inch screen, dual pens and better battery life then the DSi.
“Nintendo today confirms that a new Nintendo DSi XL console is launching in Europe in the first quarter of 2010,” says the gaming company. “The retail price of the Nintendo DSi XL is expected to be higher than that of the Nintendo DSi. Further details will be released soon.”
The handheld retails for the equivalent of $220 USD in Japan.
For more details check here: Nintendo unveils DSi LL with larger screen
Result for: first quarter
First quarter revenue from Time Warner’s Filmed Entertainment division, which includes motion picture, home video, and television production and distribution, was down more than $200 million from the same period last year. Despite the drop, profits for the division were up 10%.
The news wasn’t as good for other divisions. While income for their Network Division, which includes of Turner Broadcasting and HBO, saw more than a 5% increase in revenue, the Publishing and AOL divisions’ revenue dropped by half a billion dollars combined.
Total revenue fell fell $525 million, resulting in a profit of just under $1.2 billion.
Although this is another clear sign that the entertainment industry is being affected by global economic conditions it also shows that they are still doing very well. It’s certainly better than their former music division, Warner Music Group, did over the same period.
Last week WMG reported a 17% drop in revenue compared to 2008.
