Founded in 1994, Insomniac Games has worked with Sony for more than 20 years since the first PlayStation
Sony had been struggling with losses as its consumer electronics business lost market share to rivals.
Apple's plans to go ahead with OLED displays in upcoming iPhones results in a drop in Japan Display share value
Apple recently started planning new iPhone models and decided all three models would have organic light-emitting diode panels
Sony and Samsung currently lead the global market for CMOS image sensors, with the Japanese rival holding a slight edge
Powered by stronger sales of its camera chips for smartphones along with video game systems and software, Sony Corp's stock could rise by another 20 percent over the coming year, Barron's said on Sunday.
Sony forecasts best-ever annual profit by the end of 2017 sealing CEO Kazuo Hirai's overhaul success
Sony raised its operating profit forecast by 26 percent to $5.57 billion, citing strong sales of image sensors as well as high-end television sets.
Amazon and Apple are willing to pay about the same amount for the rights as Warner Bros, The Hollywood Reporter magazine said, citing anonymous sources.
GoPro forecast a smaller-than-expected loss, and said it was on track to launch the latest version of its flagship camera, the Hero6, by the holiday season.
Oculus cut its price once before this year, dropping it from $798 to $598 in March.
According to researcher IDC, about 2 million VR headsets were shipped worldwide in the first three months of 2017.
At the annual E3 video game showcase, attendees strapped on VR headsets to peer into fantasy worlds, battle robotic creatures and command starships
while Sharp Corp and Japan Display Inc lag behind South Korean rivals OLED screens, some smaller Japanese equipment makers are booming.
Japan's Sony Corp on Thursday reported an annual loss in its image sensors business, raising fears the firm's revival of recent years may be losing momentum, even as cost cuts helped it book its biggest annual operating profit in eight years.
Toshiba Corp is set to sell its image sensor business to Sony Corp for around 20 billion yen ($164.68 million) as part of a restructuring plan laid out earlier this year, sources with knowledge of the deal said on Saturday.
The Sony hacking saga has revealed that the company was probing its India unit for corruption, bidding fraud, and bribes being paid to government officials.
Sony says its PlayStation Network is back online after three days of disruptions that began on Christmas.
Sony Corp said on Tuesday that sales of its PlayStation 4 video game console, launched in November, has surpassed 10 million units.