Moody’s downgrades Sony stock to ‘junk’ status

High levels of corporate debt have been cited as the reason behind credit ratings agency Moody’s decision to downgrade its Sony stock rating status to ‘junk’. "While Sony has made progress in its restructuring and benefits from continued profitability in several of its business segments, it still faces challenges to …

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SOE is closing four MMOs, including Free Realms

Sony Online Entertainment has confirmed the planned closure of four of its massively multiplayer online titles. Kotaku reports that Free Realms, Star Wars: Clone Wars Adventures, Vanguard: Saga of Heroes and Wizardry Online all face the chop so the company can focus its resources elsewhere. Free Realms, once a poster …

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