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Newsom blames Trump for DOJ probe, but reports say investigation predates his administration
Reports suggest the federal probe into Gavin Newsom's orbit began during the Biden administration, complicating his claims of a Trump-directed attack.
Man killed, another injured in late-night shooting outside North Austin business
Police are investigating a late-night shooting that left one man dead and another injured in north Austin, marking the city's 32nd homicide of the year.
Shots ring out overnight in Fort Lauderdale’s downtown entertainment district
Fort Lauderdale police are investigating after shots rang out overnight Sunday in the city’s downtown entertainment district.
A financially independent millennial explains the 'lazy way' to hit FIRE
Cody Berman hit financial independence using a simple approach to investing.
Wang Yi Says China Welcomes Stronger European Business Relations
China welcomes deeper cooperation with Swedish and European businesses, which will benefit all parties involved, Foreign Minister Wang Yi said in a meeting with Investor AB Chairman Jacob Wallenberg in Stockholm on July 4, according to a statement from the ministry on Sunday.
Booz Allen Hamilton (BAH) to Buy Ultra I&C Mission Solutions Business for $720 Million
Booz Allen Hamilton Holding Corp. (NYSE:BAH) is one of the 12 best industrial stocks with more than 50% upside. The company’s acquisitive growth strategy is making it a compelling investment case. On June 22, Booz Allen Hamilton Holding Corp. (NYSE:BAH) signed a definitive agreement with an Advent portfolio company, Cobham Ultra Group, to purchase its […]
89 Percent — And a Reminder of What Science Can Do When We Pay For It
A century of work, and finally a shot that protects against one of the world's great killers of children. That is not luck. That is investment. Every once
Watch Ebola Crisis Exposes Congo's Fragile Health System
Daniele Nyirandutiye, Senior Fellow at the Center for American Progress, discusses how the Ebola outbreak in Congo exposed critical weaknesses in healthcare and why long-term investment is essential.
Universal Health Services (UHS) Stock May Trade At A Discount On Medicare Payment News
Universal Health Services stock has rebounded in the short term but is still down sharply year to date, which sits alongside valuation checks that currently paint the shares as looking cheap rather than stretched. After falling 28% year to date, Universal Health Services now raises the question of whether the recent bounce is simply a recovery from depressed levels or a sign that value investors are stepping back in. Expectations for solid earnings and ongoing support from Medicare payments...
Knicks Success Assert Madison Square Garden Sports Corp. (MSGS) as a Top Stock to Buy According to Ariel Investments
Madison Square Garden Sports Corp. (NYSE:MSGS) is one of the top stocks to buy according to Ariel Investments. On June 23, Susquehanna reiterated a Positive rating on Madison Square Garden Sports Corp. (NYSE:MSGS) and raised the price target to $430. The new price target represents significant upside as the stock is trading at about $403 […]
Solid Growth Prospects Assert Sphere Entertainment Co. (SPHR) as a Top Stock to Buy According to Ariel Investments
Sphere Entertainment Co. (NYSE:SPHR) is one of the top stocks to buy according to Ariel Investments. On June 18, Benchmark reiterated a Buy rating on Sphere Entertainment (NYSE:SPHR) and raised the price target to $175 from $155. The price target hike comes amid expectations that the company is well positioned to deliver a solid second […]
Madison Square Garden Entertainment Corp. (MSGE) To Remain Fully Operational Amid New York Penn Station Redevelopment
Madison Square Garden Entertainment Corp. (NYSE:MSGE) is one of the top stocks to buy according to Ariel Investments. On June 9, Madison Square Garden Entertainment Corp. (NYSE:MSGE) entered into a non-binding agreement with Penn Transformation Partners for the development of the New York Penn Station. Under the terms of the agreement, Madison Square Garden will […]
Universal Health Services (UHS) Is Up 8.7% After CMS Proposes Hospital Payment Increase and Analyst Support
In recent days, Universal Health Services received a boost after the Centers for Medicare & Medicaid Services proposed a 2.4% payment rate increase for hospitals, alongside supportive analyst commentary on its operating performance and upcoming second-quarter results. This regulatory tailwind for hospital reimbursement comes as UHS continues to expand its behavioral health footprint and prepare for its next earnings update, potentially influencing how investors assess its longer-term growth...
How Flutter’s Removal from Key Russell Growth Indices Will Impact Flutter Entertainment (FLUT) Investors
In late June 2026, Flutter Entertainment plc (NYSE: FLUT) was removed from multiple Russell growth benchmarks, including the Russell 1000 Growth, Russell 3000 Growth, Russell Midcap Growth, Russell 3000E Growth, and Russell Small Cap Comp Growth indices. This broad index exclusion matters because it can prompt passive and index-tracking investors to sell shares, potentially amplifying trading volumes and sentiment shifts around Flutter’s stock. Next, we’ll examine how Flutter’s removal from...
Notes From A Career In Private Equity: David Mussafer On Business
David Mussafer emphasized leadership, teamwork, continuous learning, disciplined investing, and AI adoption as keys to long-term business success.
For one small business, AI was key to a quick start and expansion
Here Now Health isn't an AI-based company, but its quick path from an idea in founder Michelle Turner's mind to an operating mental health platform for foster children relied deeply on the technology now restructuring the U.S. economy. Working from her Virginia Beach home, she used AI tools to school herself in startup culture, create a business plan and fine-tune a presentation for early-stage investors. Funding began to flow, and the company, launched in January 2025, now has 16 employees and is certified in three states to provide Medicaid-funded mental health counseling for children entering the foster system, a gap in care she identified through her own experience as a foster parent.
What to know about cyclosporiasis as Michigan health officials investigate 300+ cases in outbreak
Over 300 cases of cyclosporiasis have been reported within a week in Southeast Michigan, and Michigan health officials are investigating.
Canada vs. Morocco 2026 livestream: How to watch World Cup for free
Live stream all the action from the 2026 FIFA World Cup without spending anything.
Argentina vs. Scotland 2026 livestream: How to watch Nations Championship for free
Live stream all the action from the first edition of this competition without spending anything.
I pay each startup employee $18,000 a year to live near the office
Sebastian Jimenez, the CEO of Rilla, explains why the AI startup invests $37,000 a year in perks for every employee, including a housing stipend.
10 Legionnaires' disease cases on NYC's Upper East Side under investigation, health officials say
EAST TEXAS POLITICS: One year later — State senator discusses findings from Texas Hill Country flood investigation
State senator discusses findings from Texas Hill Country flood investigation on East Texas Politics
How I Went From Side Hustle to 7 Figures in 12 Months Using 4 AI Tools (No Employees, No Investors)
Most solopreneurs aren't failing because they need more AI tools —they're failing because they're using AI to patch outdated systems instead of rebuilding their business around an AI-first workflow that scales.
Securing a high-character goldmine preserves Cowboys draft investment
It is still unbelievable that Caleb Downs fell to the Cowboys.
ESPN’s Matt Miller’s Crash, Backlash, and Missouri Investigation: A Timeline
The Missouri AG’s office confirmed it is investigating Miller.
CDC investigates parasite that’s caused cases of ‘explosive’ diarrhea in 18 US states
Parasite cyclospora spreads through produce and water contaminated with feces and causes the intestinal illness cyclosporiasis
The FBI is directing hundreds of analysts to its investigation of Georgia's 2020 presidential election
Georgia's votes in that year's presidential race were counted three times, including once by hand, and each count affirmed Democrat Joe Biden's win.
Long Reads for the Long Weekend
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) Happy Fourth of July weekend! As has been a tradition of mine going back to the beginning of the EntStrategyGuy website, I’m sharing my favorite long reads of the last year, like I did in 2019, 2020, 2021, 2024, and 2025. Let’s dive right in! Subscribe “Different Prices for the Same Ride: How Uber and Lyft Use AI to Get More Money Out of You“ by Derek Kravitz in Consumer Reports I don’t think surveillance pricing, like the kind described in this brilliant Consumer Reports article, is long for the world—it’s toxically unpopular—but we’ll see if either party takes on this issue. If I ran a political party focused on affordability, I would focus on a few pro-consumer and pro-market policies: Banning non-compete agreements. Ending surveillance pricing Eliminating junk fees (read more here...) Ensuring “right to repair” for consumer (and military!) products Capping excessive app store fees Stopping digital/algorithmic price-fixing tools. Preventing automatic subscription price increases. And more. If you want to fight inflation, there are a lot of great ways to do it quickly. Speaking of higher prices... “Secret Documents Show Pepsi and Walmart Colluded to Raise Food Prices Across the Economy“ by Matt Stoller in BIG Again, I think a political party should focus on lowering prices for consumers. And deals like this—Walmart making a deal/forcing Pepsi to offer the lowest prices at its stores and nowhere else—hypothetically lower prices at Walmart...but raise them everywhere else. “15 DUIs, still driving: California’s failure to take repeat drunk drivers off the road“ by Robert Lewis and Lauren Hepler in CalMatters CalMatters does terrific reporting in California, something the Golden State desperately needs more of, and this article is a great example of that. “PugLips: The next insanely popular thing you’ve never heard of…” by Simon Carless in Game Discover Co I thought that this parody article (and yes, it’s a parody, but I was definitely unsure at first) was hilarious and totally nailed how much tech/business journalism feels these days. Actually, three of my favorite articles this year were on hype in the video game industry, including Georg Zoller’s “The Video Game Industries Very Dark Night”—which I linked to recently and wrote a follow-up here—and Owen Mahoney’s “Derek Zoolander, Videogame Exec”. In particular, I like Mahoney’s focus on user experience as a guide to what trends will actually grab hold of customers. “The Matrix Lies“ by Evan Shapiro in Media War & Peace Evan Shapiro’s first person account of his experience with AI was hilarious. I think LLMs capabilities have significantly grown from last summer, and yet...my editor/researcher just had an abysmal experience using an LLM to do a quite basic task (which our LLM normally does each week) and the LLM made a mistake on every single data entry...along with seven different mistakes affecting twelve of the twenty or so entries, including mistakes that are explicitly spelled out in the prompt. That’s a brutal failure rate. Again, if you use AI/LLM for data collection, you need to take a lot of extra steps to verify and check the data. “Ghosts in the Balcony: A Cross-Country Trip to 58 Theaters Fighting to Survive“ by Matthew Frank in The Ankler I thought Matthew Frank’s pitch to head across America to visit theaters sounded insane aggressive at the time—at least it felt that way to someone a decade older than him; man, to be in your twenties again, am I right?—but I knew the result would be great. And it was, a terrific feature by a great young writer. Also, I loved Matthew’s recent article on who’s getting the precious few entry level jobs in Hollywood. (Hint: nepotism.) “Disney erased FiveThirtyEight“ and “Did Las Vegas get too greedy?” by Nate Silver in Silver Bulletin I love media history and analysis, and there’s no one better to get the history of FiveThirtyEight than from Nate Silver, who wrote about his personal experience in one of my favorite pieces from this year. I also loved Nate’s breakdown of what’s causing Vegas’ woes, but I’ll offer one criticism, summarized as “Might I suggest antitrust?” Many centrists/center-right/libertarian thinkers (Nate is self-described as the latter) often don’t consider consolidation or antitrust as factors in policy issues like housing, America’s military readiness, or, in this case, Las Vegas. Even if libertarians want to debunk antitrust/consolidation concerns, I’d love to read that debunking. In this case, Vegas is incredibly consolidated (though it also has been for a long time) and I’d have loved to read Nate at least contending with this factor, since he addresses almost every other potential factor for Vegas’ decline. “Why Microsoft’s Carbon Removal Pullback Is Such a Big Deal“ by Robinson Meyer in Heatmap News I’m a big supporter of carbon removal efforts, but this nascent industry faces a lot of headwinds, including this big move most recently. I think it’s clear that solar panels and batteries should be able to get the world to its carbon footprint goals, but effective carbon renewal remains necessary to prevent the worst impacts of global warming. “AI is killing the cheap smartphone“ by David Oks LLMs and AI will impact the world in ways we’re not ready for, and already, third world countries are seeing the prices of cheap cellphones skyrocket due to the cost of chips skyrocketing. This article by David Oks is a terrific breakdown. “100 Days of Madness: Netflix, Paramount, Warner and the Future of Hollywood“ by Wade Major at Hollywood Heretic Wade Major dove deep into Hollywood/streaming’s financials in this must read piece. Not that I agree with everything in this article (read my take on Warner Bros./Paramount here) but the analysis is top notch. I think many people discount how quality thinking, regardless of the argument/conclusion, will make you a better thinker. “Erased by the UFC: Frank Shamrock, The MMA GOAT of the 20th Century“ by Nate Wilcox in The MMA Draw Newsletter Growing up playing the UFC fighting game on the Dreamcast, Frank Shamrock was my favorite MMA fighter, and this history/tribute to him was great. Other Fun Reads “The Hardest Part Of History To Tell Is How It Felt“ by Craig Fehrman at Defector “Unmasking the Sea Star Killer“ by Craig Welch at bioGraphic “What Could Save the Industry? Fin-Syn“ by Richard Rushfield in The Ankler Alex Rollins Berg in Underexposed on movie bumpers, pillow shots, Disney trash cinema, cult films, and Casablanca. David H. Montgomery in YouGov’s The Surveyor on punctuation marks, condiments, dinosaurs, and comic strips and kids media. “How Medium finally pivoted its way to profitability“ and “Why the best journalists on YouTube are all former Vox employees“ by Simon Owens in Simon Owens’s Media Newsletter “It’s Not Just You, Netflix Shows Have Gotten Slightly Shorter: Here’s What the Data Says“ by Kasey Moore at What’s on Netflix “Numlock Awards: How Diane Warren became the biggest loser in Oscar history“ by Nathaniel Rakich and “Numlock Awards: The Oscar Bait era is over. The Oscar Chum era is here.” by Walt Hickey & Michael Domanico at Numlock Awards
Two stricken with Legionnaires Disease on Upper East Side, cluster investigated: NYC health officials
The patients were found in the Yorkville and Carnegie Hill neighborhoods of the Upper East Side, in zip codes 10028 and 10128, city officials said.
Is Taylor Swift's wedding televised or livestreamed? We have your answers
Taylor Swift might relish the spotlight. But her wedding to Travis Kelce will be out of sight – at least for now.
Sony Already Invested $34 Million To Repurpose Its EU PlayStation Disc Factory
Sony is converting its PlayStation disc factory into a plant for optical microlenses.
India investigating Tata data leak that exposed Apple iPhone secrets
India is investigating a data breach at Tata Electronics that exposed documents linked to Apple's unreleased iPhone 18 Pro, the country's IT secretary said on Thursday in the government's first public comments on the incident.
Legionnaires' disease cluster on NYC's Upper East Side under investigation
19-year-old shot by Federal Way police during mental health crisis may face charges
A teenager called 911 during a mental health crisis and was shot by police 10 minutes after they arrived. Now, investigators say he may face charges
Hot ticket: Fireworks, drones and patriotic celebrations
Fireworks will light up the skies from Galveston Bay to the Gulf this weekend as communities across Galveston County celebrate America’s 250th birthday with parades, concerts, drone shows and patriotic
Gov. Jeff Landry says he will ask State Police to investigate after Liz Murrill’s indictment
Gov. Jeff Landry said he would have State Police investigate the proceedings and those who led them.
Supreme Court declines to halt daily $800 fine for ex-Fox News reporter refusing to divulge sources
The Supreme Court on Thursday declined to intervene after a judge ordered an $800-a-day fine for Catherine Herridge, a former Fox News reporter, if she refuses to reveal her confidential source for stories about a Chinese American scientist who was investigated by the FBI but never charged.
The hardest part of starting a business shouldn't be finding support
When entrepreneurs spend less time searching for help and more time building businesses, creating jobs and investing in their communities, everyone benefits.
Scientists make quantum time flow backward in stunning physics breakthrough
Researchers have created quantum control techniques that can make a system appear to run backward in time. By precisely managing quantum measurements, they can reshape the system's arrow of time and even harvest energy from the measurement process itself. The breakthrough could lead to more powerful quantum computers, quantum batteries, and other advanced technologies.
Final State Budget Brings $5M for New Behavioral Health Pilot to Central Coast
The State budget includes a one-time $5 million investment for CenCal Health and the behavioral health departments of both Santa Barbara and San Luis
FBI directs hundreds of analysts to probe of Georgia 2020 presidential election
The FBI describes it as a "priority investigation"
FBI directs hundreds of analysts to probe of Georgia 2020 presidential election
The FBI describes it as a "priority investigation"
F.B.I. Assigns Scores of Analysts to Examine Election Records in Georgia
The expansion of an investigation into Fulton County’s election office reflects President Trump’s desire to prove his baseless claims that the 2020 election in Georgia was rigged.
Microsoft launches AI-focused professional services business with $2.5B investment
Microsoft launches AI-focused professional services business with $2.5B investment - SiliconANGLE
Amendment 60: Final 2025 Due Date Extended for C.2 Solar System Science
C.2 Solar System Science solicits proposals for research, data analysis, data preservation, and tools that support investigations to help ascertain the
FBI assigns 260 staff members to Georgia 2020 election probe
The FBI has ramped up its investigation into the 2020 election in Georgia by dedicating more personnel to what an internal memo refers to as a “priority,” a person familiar with the matter told CNN.
New owners of One Canal Place declare bankruptcy just over 2 months after $28M acquisition
The New York brothers behind a network of for-profit summer camps and a complex web of corporations and are now under investigation by Israeli authorities.
Melissa McCarthy and Clive Owen to play JonBenét Ramsey's parents in new Netflix series
"The Murder of JonBenét Ramsey" aims to examine the case from multiple viewpoints, including those of the Ramsey family and investigators, rather than presenting a single theory.
Mystery parasite leaves Americans battling ‘explosive diarrhea’ as CDC investigates
The CDC reports 145 confirmed cyclosporiasis cases across 17 states as the parasitic outbreak season climbs, with 20 patients hospitalized so far.
Wisconsin Senator demands investigation into Postal Service
Sen. Tammy Baldwin said hundreds of votes were not counted in the state’s April election because ballots were delivered after the deadline.
MediaDailyNews: Microsoft Furthers Trend, Invests $2.5B In AI Consulting Business
Microsoft announced the "Microsoft Frontier Company" on Tuesday as a new operating business focused on delivering AI support for its clients through enterprise AI engineering expertise.
'Grand Theft Auto 6' Video Game Sales Off To Strong Start
Sales of video game "Grand Theft Auto 6" from Take-Two Interactive Software appear to be off to a strong start. TTWO stock rose Thursday.
Flower business destroyed by fire in Cobb; shooting on Cleveland Ave.
A silk flower business was destroyed by fire early Thursday morning in Cobb County and police are investigating a shooting on Cleveland Avenue. Breaking news.
What Makes Live Nation Entertainment (LYV) a Good Investment Bet?
TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Strategy fell 7.72% (net) in the quarter compared to -6.35% for the Russell Midcap Growth Index. In the first quarter, markets navigated geopolitical tensions and economic resilience alongside […]
What is cyclosporiasis? Know the signs, prevention as Michigan health officials investigate outbreak
Michigan health officials are investigating an outbreak of cyclosporiasis across the state after at least 170 cases were reported within days.
Microsoft Frontier Company: AI engineering that amplifies and protects your intelligence
The pace of AI adoption is moving incredibly fast. Customers have moved well beyond experimentation and understand the importance of adopting AI to transform their business. They are now concentrating on delivering measurable business outcomes and demonstrating a return on their AI investments, while ensuring their intelligence is amplified and their IP is protected. Today...
U.S. Healthcare Spending’s Meager Return On Investment
The U.S. spends a lot on healthcare — in terms of total and per capita expenditures and patient out-of-pocket costs — but gets a relatively poor return on its investment.
CVS Health Foundation Invests $1 Million in Rhode Island Nonprofits Tackling Community Health Needs
Local organizations receive Hometown Fund support to expand access to health care, food, housing and essential services WOONSOCKET, RI / ACCESS Newswire / July 2, 2026 /Originally published on CVS Health Company Newsroom The CVS Health Foundation ...
US to give Tanzania $1.3 bln under five-year health pact
The United States has signed a memorandum of understanding with Tanzania to invest more than $1.3 billion in its health sector over the next five years, the latest in a series of deals that have caused controversy in some African countries.
Allegheny Health Network, Heritage Valley finalize combination in Pennsylvania
The deal brings Highmark Health-owned AHN’s hospital count to 16, and the combined system will invest about $285 million over the next decade to bolster Heritage Valley’s facilities.
Why Norma Kamali Swapped Fashion Shows for Team Fitness
The New York-based designer says free exercise classes are an investment in her team’s mental health and her brand’s resilience.
4 tech stocks that can weather an upheaval in the AI trade
Ben McMillan, IDX Advisor's chief investment officer, said of his clients are growing wary of a sea change in the AI trade.
German Prosecutors Charge Ukrainian Suspect Over Nord Stream Explosions
The Nord Stream explosions remain among the most politically sensitive investigations in Europe, given their impact on EU energy security.
Opelika business owners arrested on hemp product charges
Two Opelika business owners have been arrested following a joint investigation into alleged illegal operations at several local vape and CBD businesses, the Opelika Police Department said.
Undercover investigation leads to arrest at Jasper massage business
An undercover investigation into a massage business in Jasper ended Wednesday with one arrest after authorities said they found evidence of illegal activity. The investigation began after the Jasper ...
Ex-CIA Director John Brennan sues the Trump administration, demanding it preserve records of investigations into him
Former CIA Director John Brennan sued the Trump administration Wednesday, demanding a court order that would require officials to preserve records from investigations that he says are targeting him for “what amounts to phantom criminal conduct.”
CEO says his fund is investing in Netflix, sees ‘risky business’ in chips
Infrastructure Capital Management CEO Jay Hatfield says Netflix is showing good growth despite being ‘double hammered’ on ‘The Claman Countdown.’
Musk denies WSJ report that SpaceX showed AI handset prototype before IPO
Elon Musk on Wednesday denied a Wall Street Journal report that SpaceX showed investors and other stakeholders a prototype of an AI-focused device ahead of its blockbuster IPO.
SpaceX has an AI device prototype, and it sure sounds phone-ish
SpaceX reportedly showed investors a "handset-like" AI device before going public. It could be another signal SpaceX wants to expand into wireless.
Trump foe John Brennan sues administration demanding investigative records into him be preserved
Former CIA Director John Brennan, who has been under investigation by the Justice Department, is demanding the Trump administration preserve records about its inquiry into him, and asking for a court’s help, according to a new lawsuit filed in Washington, DC, on Wednesday.
Brand New The Blood of Dawnwalker Gameplay Showcases Coen’s Investigation Skills and a Boss Battle Against the Eerie Forgotten Guardian
See Coen's investigation and fighting skills on full display in this quest gameplay from The Blood of Dawnwalker.
Cyclospora illness counts spike in Southeast Michigan, health officials investigating cause
Cyclosporiasis Cases In Lenawee County
The Lenawee County Health Department is investigating a cluster of cyclosporiasis cases among Lenawee County residents. These cases are part of a multijurisdictional outbreak, and public health offici
How Investors May Respond To PENN Entertainment (PENN) Aurora Casino Opening And Russell 2000 Shift
PENN Entertainment recently celebrated the grand opening of its new US$360 million Hollywood Casino and Hotel Aurora in Illinois, while also being moved from the Russell 1000 family of indices into the Russell 2000, Russell 2000 Value, and Russell 2000 Dynamic indices as part of the latest rebalancing. This combination of a large-scale brick-and-mortar investment and a shift toward small-cap and value-oriented index inclusion reshapes how both fundamental and index-tracking investors may...
Meta pops 8% as company makes cloud push to sell excess AI compute power capacity
The new business is a welcome signal for some investors who have been uneasy about the company's infrastructure spending plans.
Should Value Investors Buy Accel Entertainment (ACEL) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Women's sports market will 'grow the way tech grew in the early days,' says one of its earliest investors
Women's sports continues its period of strong growth.
Sony will cease production of discs for new PlayStation games in 2028
New games sold for PlayStation consoles will only be available digitally and won’t be sold on discs effective January 2028, Sony has announced. The move applies to all PlayStation games released from that point on, including those made by Sony and those released by third parties. The PlayStation group calls the change “a natural direction for Sony Interactive Entertainment to adapt to consumer trends as the general preference for digital media significantly outpaces physical discs,” according to a PlayStation blog post reviewed by Game File in advance of its publication. As movies, TV and music have shifted from physical media to an age of downloads and streaming, Sony’s move could speed the demise of physical media in a gaming. The industry has offered consumers games via cartridges, cassettes, floppy discs, CDs, DVDs and Blu-Rays across a 50-year stretch. Sony has been reporting to investors in recent years that PlayStation games have been increasingly purchased as downloads, not as discs. The most recent figures show nearly four in five purchases of full games for PlayStation 4 and PlayStation 5 were purchased digitally in the past year. Stats like that may cause today’s news to carry an air of the inevitable. But Sony’s declaration for 2028 is still likely to produce a shock, as the biggest gaming platform on the planet that uses game discs leaves them behind. Discs going away, but the fate of game boxes is unknown Sony is committing to still selling games in physical retailers even after they drop discs in 2028. Just how those games will be sold—in boxes with codes inside, as cards marked with digital redemption codes—is unclear. Digital games will also continue to be sold in the online PlayStation Store. New games released for PlayStation consoles prior to January 2028 will be unaffected by the policy change, Sony says. That means the PS5 games of 2027, be they a new Madden, a new God of War, a new Call of Duty, a new Sly Cooper (one can dream?), would still potentially be offered on disc. PlayStation 6 implications Sony’s timeline for a transition to a no-disc era will also spin up more speculation about the timing and configuration of Sony’s next-generation console, the probable PlayStation 6. “This pretty much guarantees that PS6 won’t arrive until 2028 at the earliest,” Piers Harding-Rolls, senior games research analyst at Ampere Analysis tells Game File. Harding-Rolls also concludes from today’s news that “the base version of a PS6 will not include a physical media drive,” as Sony looks to keep costs down on the device. Sony itself is saying nothing about the PS6 today: not its timing, nor how it might or might not support internal or external disc drives in order to run disc-based PS4 and PS5 games, should the console be backwards compatible. The many signs this was coming Industry support for games being released on physical media has been waning. As has consumer interest in them. PC games effectively went all-digital years ago, thanks to the popularity of playing games through Steam and other digital storefronts. The Covid-19 pandemic and the lockdowns that kept much of the global population home helped shift shopping patterns toward downloads. Sony’s own data shows PlayStation game downloads being an uncommon consumer choice a decade ago and now becoming the norm. On consoles, physical media has been in such decline that Sony and Microsoft both launched their current gen Xbox Series and PS5 consoles in 2020 with cheaper versions that lacked disc drives. In early 2024, Phil Spencer, then head of Xbox, told me that ““[w]e ship games physically and digitally, and we’re really just following what the customers are doing.” He added that the game industry had become an outlier in still supporting disc-based entertainment, even as movies and TV have bailed on discs in favor of downloads and steaming: “Gaming consoles themselves have kind of become the last consumer electronic device that has a drive. And this is a real issue, just in terms of the number of manufacturers that are actually building drives and the cost associated with those. And when you think about cogs that we’re going to go put in a console—and as you have fewer suppliers and fewer buyers—the cost of the drive does have an impact.” Last year, the Nintendo’s Switch 2, which uses cartridges rather than discs, introduced the concept of game-key cards, which are physical media that contain no game, just a prompt for a download. Even disc-based games aren’t what they once were, now frequently containing just stubs of games rather than the whole thing. The website Does It Play has tested over 3000 games and found that, for example, that the disc version of this year’s hit 007: First Light, only contained the game’s first mission, with the rest needing to be downloaded. Beyond all that, last week brought the news that Grand Theft Auto VI, likely the biggest game launch this decade, will debut for PS5 and Xbox Series without a disc-based version. Today’s big news comes to you for free. Game File is a reader-supported publication. To receive new posts and ensure more of my work is possible, please consider becoming a free or paid subscriber. Subscribe Discs helped define PlayStation However the trends in entertainment may be going, it is still remarkable to see PlayStation ditch discs given their importance in PlayStation history: In the late 1990s, the first PlayStation’s support for games on relatively cheap CD-ROMs instead of traditional game cartridges allowed the upstart console to outmaneuver cartridge-based systems from Nintendo and Sega, as it drove down game prices down in the process. (The cheaper disc format even prompted Final Fantasy VII maker Square to taunt Nintendo in a magazine ad, saying that if the game was “available on cartridge, it’d retail for around $1200.”) PlayStation devices often doubled as machines for watching movies and TV on the latest disc-based formats. In the late 2000s, for example, Sony’s pricy PS3 gained traction as a go-to device for playing then-novel Blu-Ray discs. In 2013, Sony effectively roasted the digital game-sharing restrictions proposed by rival Microsoft for its upcoming Xbox One console by showing how games could be shared for the then-upcoming PS4. In a 21-second clip that has over 20 million views on YouTube, one PlayStation executive simply handed a game box—presumably with disc inside—to another, who said “thanks.” Sony’s possible motivations The PlayStation announcement today cites “consumer preferences” and a shift away from discs among “the broader entertainment industry,” but does not delve into the decision-making process that brought Sony to this point. Sony is not discussing the economics of this move (I asked!), but there are a number of potential factors: Abandoning discs will spare Sony the cost of manufacturing and shipping them, which analysts and industry veterans I spoke to said could account for $1 or so of a game’s retail price. For first-party games, that’s direct savings for Sony, though the amount is limited by the winnowing percentage of people who were even buying the disc-based versions. For third-party games, Sony could pass the savings on to partners or just retain the better profit margin for themselves. As the 2024 comments from Phil Spencer alluded to, leaving discs behind could mean leaving disc-drives behind, allowing Sony to produce consoles more cheaply. Switching to digital-only for games could diminish the risks of copies of new games leaking. It would also seemingly make second-hand sales of used games impossible, pushing more people to buy their own copies of games. These economic benefits for Sony could be boons for the games industry overall, Ampere analyst Piers Harding-Rolls tells Game File. Among other things, it could free publishers and retailers from having to worry about securing an inventory of game discs when trying to sell games, he noted. “If there is a way to streamline the business of games retail, I generally think it’s a good thing for the industry as it removes unnecessary costs,” Harding-Rolls said. “This will help offset pressure on margins from other directions – development and staffing costs for example.” Should the industry shift from game boxes that contain discs to smaller, cheaper game cards, Harding-Rolls said, that reduces pressure on publishers and retailers. “The advantage of everything going digital for the industry is that sales can be tracked much more easily and there is less commercial risk for publishers wanting to continue selling via retail,” he said. The shift to no discs will also likely impact game development timelines, as developers will no longer face the same urgency to have a build ready to submit to PlayStation for the production of a disc, as industry experts noted around GTA VI’s no-disc news last week. Instead, projects may gain weeks of development time, in the event delivery deadlines for platform approval move closer to release date. Preservationists’ likely worries While millions of gamers have shifted to digital, there are still people who associate game discs—and only game discs—with actual ownership of PlayStation games. That portion of the gaming community spoke up last week about wanting to buy a version of GTA VI that they could hold in their hands, could lend to a friend and could potentially pop into a well-preserved PS5 console three decades from now and still see it run. Such gamers didn’t want to worry that they’d merely purchased a digital copy that could lose access to the game if, say, the company behind the game someday turns of the servers that transmit downloadable copies. Digital copies of games are inherently less long-lasting, because consumers aren’t actually buying a game (on a disc), just buying access to the game. The fine print in online gaming shops notes this, as does a recent law that went on the books in California in 2025. That lasw requires game publishers doing business in the state to refrain from words like “sell” when offering digital copies of games, unless they explicitly tell consumers that what’s being sold isn’t the game itself but a potentially revocable license to access it. A Sony spokesperson noted to Game File that “[w]ith all digital content, including games, movies, and music, players are purchasing a personal license for non-commercial use.” Regarding the fears of PlayStation games being lost to time in an all-digital era, the rep also noted that Sony remains “committed to delivering experiences from past generations to the new platforms our players are using.” They noted that PlayStation has used emulation and remasters to keep offering its classic games to modern gamers. It’s true that many consumers have become accustomed to not having physical copies of new music albums or movies, but the relative precariousness of digital copies of games is in fact being highlighted today by…. Sony’s other big announcement: the upcoming closure of the PS3 and PS Vita online stores Sony said today that it will be closing the online marketplaces for its PlayStation 3 console and PS Vita handheld in most countries in July 2027 (sooner elsewhere: August 2026 for the PS3 store Mexico, Honduras and Nicaragua; late 2026 for PS3 in other Latin American countries and the Middle East). “We know this news may be disappointing to PS3 and PS Vita players who hold a special place in their hearts for this generation of gaming,” Sony said in its announcement, saying the move “was not an easy decision for us to make.” Sony said that PS3 and Vita marketplaces “are no longer able” to support modern commerce systems, prompting a “need” to close the shops and focus on more modern PlayStation platform stores. The news may spark some deja vu. Sony announced back in March 2021 that it planned to take the PS3, Vita and PlayStation Portable marketplaces offline that summer. The move would have caused some 2,000 digital-only games to become unavailable for new purchasers, according to a VGC analysis at the time. Fans complained loudly. By April 2021, Sony walked back the PS3 and Vita shop closures, with then PlayStation boss Jim Ryan saying “it’s clear that we made the wrong decision here.” This time around, Sony is giving a longer notice period in most regions. The closure of those stores is still likely to cut off access to new purchases of digital-only PS3 and Vita games. The current PlayStation 5 marketplace sells PS5 and PS4 games, as well as a selection of PS1 and PS2 games. It does not sell PS3 games, because games for that platform can’t run on the system (some are offered via a PlayStation Plus streaming option). Vita games also aren’t sold via PS5. Sony says digitally purchased PS3 and Vita games will be downloadable after the stores’ shutdowns “for the foreseeable future.” Sony’s move contrasts with Microsoft’s Xbox platform, which continues to sell and support games from all four Xbox console generations. But it puts it in line with Nintendo, which disabled purchases in the marketplace for its Wii console (a contemporary of the PS3) in 2019. Nintendo discontinued purchases in the online shop for its 3DS portable (a contemporary of the Vita) in 2023. The big questions about Sony’s 2028 post-disc era Will Microsoft follow suit, ending support for new disc-based games on Xbox platforms and therefore all game consoles, too? Whether Microsoft does or not, will third-parties that can no longer release games on discs for PlayStation, simply ditch the disc options across the board? Given the GTA VI no-disc experiment launching this November, will more game publishers decide to forgo disc-based offerings even in 2027? How will no-disc PS5/6 games be packaged and sold in brick-and-mortar retail stores? What becomes of game sharing in an all-digital era? Will Sony modify its current set-up, which currently allows some sharing of digital games across a pair of consoles, to allow more casual lending? (See for example, Nintendo’s year-old system of letting players lend a digital game to another player in a “family group” for up to 14 days.) Will there be a version of a PS6 with a disc drive? Or will a drive be offered as an add-on? And how will gamers who want to retain access to PS4/PS5 disc-based games react to whichever configurations Sony chooses to offer? What will the final disc-based PlayStation game be?
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