15:40:37 EDT Wed 11 Mar 2026
Enter Symbol
or Name
USA
CA



Sony CDR (CAD Hedged)
Symbol SONY
Shares Issued 100,000
Close 2026-03-10 C$ 11.36
Market Cap C$ 1,136,000
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Globe/wire say Sony defends monopoly lawsuit in London

2026-03-11 09:13 ET - In the News

Also In the News (C-MSFT) Microsoft CDR (CAD Hedged)
Also In the News (C-NTDO) Nintendo CDR (CAD Hedged)

The Globe and Mail reports in its Wednesday edition that Sony is fighting a London lawsuit worth almost two billion pounds ($3.6-billion) that alleges the PlayStation maker's "monopoly position" inflated prices for digital games. A Reuters dispatch to The Globe says it is the third against a major tech company to go to trial since the start of 2025. The Japanese conglomerate is accused of abusing its dominant position by requiring digital games and add-ons for its console to be bought and sold only via its PlayStation Store. Sony says it has "invested years and billions" in an integrated gaming platform that benefits consumers in a competitive market, where rivals Nintendo and Microsoft's Xbox use similar models. Its lawyers also argue the margin Sony earns on sales of games and additional content is not excessive, saying the lawsuit ignores the company's costs and the value of its brand. The case was brought at London's Competition Appeal Tribunal on behalf of around 12 million people. Sony, which sold eight million PlayStation 5 consoles between October and December, says the lawsuit amounts to arguing that third parties should be allowed to set up a store for the PlayStation and "free-ride" on Sony's investments.

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