During a corporate strategy meeting this week (detailed in this document) Sony president and CEO Kazuo Hirai said that the PlayStation 4 is already profitable for Sony on a hardware unit basis.

Prior to Sony reporting its consolidated results for the fiscal year ending March 31, CEO Kazuo Hirai and other executives will not be taking bonuses this year, according to the Wall Street Journal.

They may also take a 50 percent pay cut this year, according to the report. Sony's exit from the PC business as well as consumer disinterest in physical media such as DVDs and Blu-ray discs are the main reason for these reductions in pay and bonuses.

Sony Online Entertainment has released a short video highlighting some of the things that players have been building and discovering in Landmark. Also, today SOE officially opened submissions for its "Landmarks of Landmark" competition, a challenge that offers the chance for some builders to have their creations prominently featured as permanent additions to the online game world. More details on that can be found here.

Sony announced today that it expects to report a net loss of 130 billion yen ($1.3 billion) for the 12 month period that ended on March 31, 2014. That compares with a loss of 110 billion yen ($1.1 billion) forecast in February, a reduction from its October 2013 projection of a 30 billion yen ($294 million) profit. Sony won't report its consolidated results for the fiscal year until May 14, but it published a preliminary earnings report on Thursday to get investors prepared for the news.

Sony Computer Entertainment announced this morning that it has sold all of its holdings - its entire 9,520,000 shares - in Square Enix to SMBC Nikko Securities. An income of nearly 4.8bn yen will be marked down in Sony's financial report for the year ending 31st March 2015, with the exact sale price of the shares to be revealed tomorrow. Sony's annual financial report for the year ending March 31, 2014 will be released on May 14 and will likely contain a forecast for the year ahead that will include the sale of the shares.

Sony and developer Sucker Punch are happy to announce that their first-party PlayStation 4 title InFamous: Second Son has sold through over 1 million digital and physical copies worldwide in its first nine days after launch. The super-hero/villain themed open-world action game is one of the first significant releases this year for the PlayStation 4, topping the digital charts on PlayStation Network in both North America and Europe, according to Sony.

Sony Online Entertainment announced that Player Studio support will begin for Landmark "on or before May 1." As part of the rollout, Player Studio creators in select regions outside of the United States will be able to submit in-game items across all Player Studio-supported games.

Sony has confirmed that several studios in its UK studio system have been affected by a round of layoffs. The studios affected by layoffs include its London Studio, Guerrilla Cambridge Studio, and Evolution Studio. While the company confirmed the layoffs it would not say just how many employees were let go in this latest round of layoffs that are part of a restructuring plan.

Sony says that it is considering allowing software to be "pre-loaded" on to its PlayStation 4 console. Speaking to Polygon, a Sony rep. told the publication that the company is aware that consumers want this feature.

The PlayStation 4 will continue to be "supply constrained" until this summer, according to what PlayStation boss Andrew House tells The Wall Street Journal.

We're struggling to keep up with demand," House said, noting highest demand is in the US and Europe. "Conservatively, as we get into the early summer months, we'll be closer to a full supply situation."

God of War III creative director Stig Asmussen has resigned from Sony Santa Monica, following recent layoffs at the studio. While Sony Computer Entertainment confirmed with IGN that the sudden departure was real, the company did not give a specific reason for Asmussen's resignation. Asmussen was supposedly working on a new project unrelated to the God of War series for which Sony's Santa Monica studio was responsible for over the years.

Speaking at SXSW this weekend, Microsoft Studios corporate vice president Phil Spencer said that Xbox’s Games with Gold program (it's free monthly game giveaway for Xbox 360 - and eventually Xbox One) is "fundamentally different" than "other programs" (we assume he is referring the PlayStation Plus for PS3 and PS4) because it allows members to keep the games regardless of whether they continue to pay for a subscription or not.

Xbox executive Phil Spencer has publicly praised outgoing Sony Computer Entertainment CEO Jack Tretton, who has been one of Microsoft's chief rivals for the last decade or so. Tretton announced yesterday that he will leave his post as president and CEO of Sony Computer Entertainment America on March 31.

Long-time Sony Computer Entertainment America CEO Jack Tretton is leaving the company, on March 31, 2014. According to what SCEA tells GamesIndustry International, it was mutually agreed to that Tretton's contract would not be renewed. Shawn Layden, the current SCEA executive vice president and COO of Sony Network Entertainment International will become President and CEO of SCEA on April 1. Tretton has worked for SCEA since 2005.

While the wait has likely been excruciating for PlayStation 3 owners, at least it is finally over. It has been nearly a year since the HBO Go app was released on Xbox 360, but (for some reason) PS3 owners had to wait...and wait.... and wait. We're not sure exactly why it took so long to get the popular pay network's app on Sony's platform, but now consumers can watch all of the network's past and present shows on demand.

PS4 digital and retail software sales approach 14 million units, according to Sony. The company claims that global sales of games are well over 13.7 million units as of March 2.

Sony said today that it will cut 1,000 jobs from its global workforce and sell a building it owns in Japan by the end of 2014. The number represents about a third of its global workforce. The 1,000 layoffs are part of a previously announced overall restructuring plan. Earlier in the week the company laid off some staff at its Santa Monica Studio (responsible for the God of War series) and that it would close 20 of its retail stores in the United States.

Sony has confirmed that it has laid off a number of employees at its Sony Santa Monica studio, though the company would not say just how many employees are now out of a job, and reports indicate that the studio was forced to cancel at least one game project.

"SCEA can confirm that we have completed a reduction in workforce at Santa Monica Studio," confirmed the company in a statement. "This is a result of a cycle of resource re-alignment against priority growth areas within SCE WWS," Sony added.

The PlayStation 4 went on sale in Japan on February 24, and according to Japanese publication Famitsu, the system sold a repeatable 320,000 hardware units. Believe it or not, the two day sales figures are a lot better than they were for Sony's last console launch in the region; the PlayStation 3 sold 88,443 units in its first two days of release in Japan. The PlayStation 2 remains Sony's fastest selling console in Japan to date, hitting 630,552 units in its first two days on sale.

A new teaching lab has opened at Abertay University in Dundee (Scotland). The new lab represents the largest in Europe and offers 30 new PlayStation Vita development kits, and stock of PS3 and PS4 dev kits. Students attending the lab have access to all of the hardware. The University has dubbed it the "Playstation lab." The development kits were given to the university as part of a partnership with PlayStation First, Sony Computer Entertainment Europe's Academic Development Program.

In ancient times gamers in North America had to wait a year or two after a system was released in Japan to get their hands on that same system, but Sony has put that paradigm on its head with the PlayStation 4's launch. Instead of releasing its latest console system in Japan first, Sony decided to release it in North America and Europe last year instead, making gamers in its home country wait a full three months.

Sony says that around 48 percent of the games bought by PS Vita customers are sold online. Speaking at a behind-closed-doors meeting in California, a representative for the company told IGN that digital games sales currently account for 48 percent of the PS Vita’s total software sales.

Sony's games division (which covers PS Vita, PS3, PS4, Sony Computer Entertainment, Sony Online Entertainment, and PlayStation Network) recorded sales and operating revenue of 441.8 billion yen (or $4.35 billion USD) for the quarter ending Dec. 31, 2013. That's a 64.6 percent year-on-year increase thanks to the launch of the PlayStation 4 in major markets around the world last November.

The "Father of the PlayStation" will finally be honored by the Game Developers Choice Awards for his accomplishments while serving as the CEO of Sony Computer Entertainment - bringing the masses Sony's very first home console and its subsequent iterations. Former Sony Computer Entertainment CEO Ken Kutaragi will receive a well-deserved Lifetime Achievement Award at the 14th Annual Game Developers Choice Awards.

With the internet focusing so heavily on Nintendo's financials, you might think that everything is rosy with its competitors but, as it turns out, Sony also has a weed or two.

Moody's Investors Service has lowered Sony's credit rating from Baa3 to Ba1, which is a level below investment grade.

But isn't Sony's new Playstation 4 selling really well?

Apparently a number of PlayStation 4 owners are having a serious issue with the system corrupting their save data, rendering their progress in the top PS4 titles unplayable. The problem being reported by some PS4 owners is labeled error CE-34878-0, and has become more prevalent in recent weeks. The error first started being reported back in Dec. on the official support forums for the system, but more and more players are complaining about receiving the error code lately.

On this week's show hosts Andrew Eisen and E. Zachary Knight talk about Sony's PlayStation Now streaming service, Sony Online Entertainment's all access MMO pass, Ultimate Gay Fighter, and South Australia's government being pressured into getting rid of anti-game billboards. Download Episode 83 now: SuperPAC Episode 83 (1 hour, 8 minutes) 78.5 MB.

Hot on the heels of Microsoft announcing that it sold 3 million Xbox One since its launch in November, Sony rolled out its sales number for the PS4. The system, which launched on November 15, sold 4.2 million units worldwide in 2013. The company made the announcement during its Consumers Electronics Show press event today.

Sony announced that it has sold 4.2 million PlayStation 4 consoles worldwide as of December 28, 2013. The figure is an estimate by SCEI, and is based on "sell-through," representing units sold to consumers.

Sony announced today that the service based on its acquisition of game streaming service Gaikai will be called PlayStation Now and will eventually stream PlayStation, PlayStation 2, and PlayStation 3 games "from the cloud." Sony executive Andrew House made the announcement at the Consumer Electronics Show taking place this week in Las Vegas.

Sony is kicking off the new year right for those who subscribe to its PlayStation Plus premium online service for its various devices. In January, PS Plus subscribers will be able to download BioShock Infinite, DmC: Devil May Cry, and Brothers: A Tale of Two Sons for the PlayStation 3. PlayStation 4 owners will be able to grab the indie title Don't Starve. Finally, PS Vita owners will be able to grab Worms: Battle Island and Smart As...

Sony gave away Borderlands 2 for PS3 in December (which we assume is still available to PS Plus subscribers who haven't grabbed it yet).