Feeds

Sony to become 'web department store'

Getting into e-banking too

  • alert
  • submit to reddit

Gartner critical capabilities for enterprise endpoint backup

More flesh was added yesterday to the bones of Sony's scheme to dominate the digital world, when company president Nobuyuki Idei announced plans to set up an Internet-based bank, the first stage in Sony's plan to become a "web department store". Watch out, Amazon et al.

"We are not simply trying to provide distribution networks," said Idei. "What we are aiming for is to become a department store that handles everything that can be distributed through our digital networks." Look a couple of years down the line and you can easily see Net users buying music, movies and software through their SonyPlayStation, downloading it through a Sony broadband link, playing it all on Sony consumer electronics kit, paying for it through a Sony bank account. At this rate, we'll all be working for Sony.

In addition to the PlayStation-based digital content distribution system, Sony earlier this month said it will begin selling music online on 22 December. Sony's e-bank is set to open its virtual doors within two years, Idei said in a newspaper interview.

Given Sony's aim to begin selling digital content and software via the met sometime in 2001 - this is part of its PlayStation 2 plan - it's likely the bank will debut at the same time. A Sony spokesman told Reuters it didn't rule out the acquisition of an existing bank to provide the basis for the online venture. "Discussions will take place over the coming months in order to provide the best service in the field of finance for individual customers in the net era," he said. ®

Related stories

Sony, Palm deal set to expand PalmOS horizons - and then some
PlayStation 3 to ship 2002
Sony preps satellite digital content delivery service
Sony puts PlayStation 2 at heart of Net strategy

The essential guide to IT transformation

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.