Sony

First casualty in the streaming wars

Illustration: Eniola Odetunde/Axios

Sony is shutting down Playstation Vue — its digital live-television service — next January, the company said in a blog post. It's the first digital live TV package to shutter after a slew of such services launched over the past five years.

Why it matters: Media companies and distribution networks are all trying to find new ways to package up content for streaming, but none of them has a magic formula. Increasingly, their over-the-top services resemble the cable bundles they sought to overtake.

Sony PlayStation 5 to arrive by holiday 2020

Sony's PlayStation logo against a blue background
Sony

Sony said Tuesday that its next game console, the PlayStation 5, will arrive by next year's holiday shopping season. It also announced the PS5's controllers will feature advanced haptics with variable tension, so shooting a bow and arrow feels more realistic, for example.

Why it matters: Though eagerly awaited by hard core gamers, the new PlayStation will face competition not just from Microsoft's next Xbox, but also from streaming services like Google's Stadia.