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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

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Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
Arts & EntertainmentVideo Games

Sony Launches New Company For Mobile PlayStation Games

By
Tom Huddleston Jr.
Tom Huddleston Jr.
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By
Tom Huddleston Jr.
Tom Huddleston Jr.
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March 24, 2016, 10:40 AM ET
E3 Gaming Conference Begins In Los Angeles
Photograph by Kevork Djansezian—Getty Images
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A new company forming within Sony’s video game unit will focus on mobile games featuring characters from PlayStation titles.

Sony Computer Entertainment (which will soon change its name to Sony Interactive Entertainment) said on Thursday that it is launching ForwardWorks Corporation, a new company “aimed to deploy new services toward the ever-expanding smart device market.” ForwardWorks will officially begin operations on April 1 and the new company will be developing mobile games for smartphones that will draw on its parent company’s intellectual property, including specific characters as well as Sony’s (SNE) decades of video game experience.

Sony launched the PlayStation brand in 1994 and the company has introduced a range of popular video game characters, from Crash Bandicoot to Uncharted‘s Nathan Drake.

Sony said the new company will focus on providing games for users in Japan and the rest of Asia. Atsushi Morita, SCE’s Japan and Asia head, will be president of ForwardWorks, which launches roughly a year after Sony shut down PlayStation Mobile—an earlier attempt by the company to build games for mobile devices that never gained much traction.

Earlier this month, video game competitor Nintendo launched its first mobile app, called Miitomo, in Japan. While Nintendo’s Miitomo is likely to eventually include mobile gaming, the app seems to be more focused on a social networking experience catered to users of the company’s gaming consoles.

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