Chipotle (CMG) climbs higher late Tuesday on Q2 earnings beat >>> READ MORE

CES 2014: Sony Streaming and the Internet of Everything

Everything’s connected at the Consumer Electronics Show

    View All  

The Consumer Electronics Show is in full swing, and a number of “Tech Titans” have marched out to give their thoughts on where the industry is going and how their company fits in.

ces-2014-consumer-electronics-showSony (SNE) made waves with the announcement of two new cloud-based initiatives for the Playstation 4, and Yahoo (YHOO) showed it’s serious about media, but the “Internet of Everything” theme dominated the show.

Companies like Intel (INTC) and Samsung (SSNLF) are maneuvering to be at the center of the trend (Intel with the chips, Samsung with the things), as Tuesday saw hundreds of smaller companies churning out connected devices.

Here’s our latest roundup of CES 2014 happenings.

CES 2014: Yahoo Expends Media Offerings

Yahoo CEO Marissa Mayer gave a CES 2014 keynote address — an awkward spotlight to be in given Yahoo’s recent struggles with e-mail outages and a still festering issue where ads on Yahoo’s European servers were delivering up to 27,000 malware infections per hour.

Mayer outlined the company’s plans to expand its online media empire featuring summarized information in easy to digest language. New efforts include Yahoo News Digest, Yahoo Food and Yahoo Tech — the latter being led by former New York Times (NYT) columnist David Pogue. To accompany that new information, acquisitions like Tumblr and partnerships with traditional media outlets, Yahoo is also introducing new advertising tools and analytics.

CES 2014: Sony Brings Gamers PlayStation Now

The more interesting keynote — at least from the perspective of potential disruption — was Sony’s. Besides the expected 4K TV eye candy, CEO Kazuo Hirai unveiled two new cloud-based initiatives on Tuesday at CES 2014: Playstation Now and an as yet unnamed TV Service.

PlayStation Now (launching this summer) will allow PlayStation 4 owners to stream older PlayStation library games — hundreds of titles that are incompatible with the new PlayStation — to the PS4. The cloud-based gaming service is a payoff from its 2012 acquisition of Gaikai.

PlayStation Now lets PS4 owners play the older games on a subscription or rental basis, and could eventually give non-Playstation gamers access. The move instantly gives the new PS4 a huge content edge over Microsoft’s Xbox One and sent a shiver down the spine of used video game market. The Chicago Tribune reports that Gamestop (GME) stock dropped 8.4% after the Playstation Now announcement.

As for the cloud-based TV service due to begin testing in the U.S. this year, it’s being described as a combination of live cable, with DVR-like capability and on-demand content. Sony says it has 70 million Internet-enabled devices in homes today and that its PS3 game console is the No. 1 device being used to watch Netflix (NFLX) in the living room.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC