Feed aggregator

Canadian retail price of Nintendo’s amiibo toys set to rise to $15.99 at start of April

Amiibo, Nintendo’s popular NFC-enabled toy line, are set to receive a $2 price increase from $13.99 to $15.99 in Canada.

Nintendo of Canada released the following statement about amiibo prices going up, blaming the increased cost on the weak Canadian dollar.

“After careful review, Nintendo of Canada Ltd. will increase the suggested retail price of its amiibo toy-to-life product line beginning April 1, 2015,” the statement said. “The MSRP will increase from $13.99 CAD to $15.99 CAD for all amiibo launched in Canada after April 1. The price increase is in direct response to current and future projected exchange rates between Canadian and US dollars. Retailers are free to set their own prices.”

In the United States amiibo are priced at US$12.99. Sony raised the price of the PlayStation 4 in Canada by $50 last March stating that the decision was made due to similar dollar value related reasons.

Patrick O'Rourke/PostmediaA selection of Nintendo's Amiibos.

The popular gold Mario amiibo is also set to be released on April 10, 2015.

“On April 10 Nintendo of Canada will launch the Super Mario series Mario amiibo—Gold Edition figure, a shiny, gold-coloured Mario figure that will be available at retailers across Canada at a suggested retail price of $15.99,” the company said.

Many of Nintendo’s popular amiibo toys, particularly the Wii Fit Trainer and Animal Crossing’s Villager, have become increasingly rare collector’s items, frequently costing somewhere between $60 and $100 on the re-seller market. The gold Mario amiibo is already selling for near $100 on online auction sites.

Related

Amiibo interact with Nintendo titles in a variety of ways. For instance, they can be used as physical representations of fighters in Super Smash Bros. They are also used to unlock new modes and abilities in games such as Mario Party 10 and Hyrule Warriors.

Wind Mobile Corp shakes up top executives as Lacavera departs day-to-day operations

TORONTO – Wind Mobile Corp., newly bulked with coveted AWS-3 spectrum, has unveiled a major shakeup to its top brass with a new chief executive and three new board members, including the departure of company founder Anthony Lacavera from day-to-day operations.

Alek Krstajic, the former head of faltered upstart Public Mobile Inc., will move into the corner office and become Wind’s fourth CEO in a little more than five years since it began operating in late 2009, the company announced Monday.

At the same time, Mr. Lacavera will be replaced as Wind’s chairman by Rob MacLellan, a chartered accountant with strong ties to Bay Street from his time at Toronto-Dominion Bank. Mr. MacLellan is currently non-executive chair of  private-equity firm Northleaf Capital Partners, which has $6 billion of assets under management, and is also an independent director at media company YPG Financing Inc. and U.S.-based investment management company T. Rowe Price Group Inc.

Mr. Lacavera will become Wind’s honorary chairman.

Peter J. Thompson/National PostCompany founder Anthony Lacavera remains at Wind as honorary chairman.

Wind also announced it will add two other directors to its board, increasing its total to 10, with the appointments of David R. Carey, a 35-year industry veteran who’s currently an executive vice-president at T-Mobile USA, and Hamid Akhavan, the principal of Telecom Ventures LLC with his own eight-year stint in the C-suite at T-Mobile.

The latest additions to Wind’s board emphasize the carrier’s desire to attract private-equity expertise and its commitment to securing long-term financing. In a recent interview, Mr. Lacavera told the Financial Post that Wind will require a minimum of $300 million – raised through an initial public offering or corporate debt issuance, or a combination of both – to fund lofty expansion plans to repair its notoriously spotty cellular network in the markets where it currently operates.

Related

Of the three new entrants conceived from Ottawa’s 2008 spectrum auction, Wind is Ottawa’s best chance to fulfill its seven-year mission to foster a viable fourth national wireless carrier. This month, the company won coveted AWS-3 spectrum licenses, which were set aside for small carriers operating in British Columbia, Alberta and Ontario, for a bargain-basement price of $56.4 million.

New CEO Mr. Krstajic oversaw the sale of Public Mobile to Telus Corp. in late 2013, when the discount talk-and-text service had amassed an estimated 280,000 customers in densely populated Ontario and Quebec. The struggling operator struggled not because of its fixed billing but more likely because of its decision to buy licences to cheap, outdated spectrum in the 2008 auction that couldn’t support many smartphones, analysts said. Conversely, rivals Wind and Mobilicity spent more money to acquire airwaves that could accommodate a much wider array of handsets and data-intensive usage.

Mr. Krstajic’s hiring ends the brief six-month leadership stint of Pietro Cordova, who took over the helm from Mr. Lacavera last September after Globalive Capital acquired all the direct and indirect debt and equity interests held by the company’s former foreign owner, Amsterdam’s VimpelCom Ltd. Mr. Cordova, who joined the Canadian wireless provider as chief operating officer in July 2012 after more than six years at sister Italian carrier Wind Telecomunicazoni SpA, will return to VimpelCom in an unnamed capacity, the company’s release stated.

Apple Inc just got its first $1 trillion valuation from Wall Street

Cantor Fitzgerald analyst Brian White has a big call for Apple’s market cap: $1 trillion.

In a note to clients on Monday, White raised his price target on Apple shares to $180 from $160. At $180, Apple’s market cap would be more than $1 trillion. White maintains a “Buy” rating on shares of the iPhone maker.

In raising his target, White said:

Next month, Apple will enter its first new product category in five years, while media reports over the past several weeks have highlighted potential new areas of future innovation. Also, we believe Apple’s iPhone portfolio and position in China have never been stronger. Finally, Apple has shown its commitment to returning cash to shareholders, and we expect more in April.

White says his current model assumes Apple Watch sales of 20.6 million in the first year on the market and sales of 25.1 million in Apple’s fiscal-year 2016.

Related

Potential for a car from Apple also excited White, who estimates a $549 billion opportunity in the US market.

In China, Apple has potential to reach 15%-20% of mobile subscribers in the country, giving iPhone a $133-$178 billion opportunity.

In early trade on Monday, Apple shares were up about 1% to trade at $127 per share.

Group pushes Ottawa to make cellphone, Internet costs more affordable as low-income Canadians sacrifice food to pay bills

OTTAWA — A consumer advocacy group says communications services are so essential to Canadians, some people are willing to give up on food and health care purchases to make sure they stay connected.

And because cellphone, Internet and other services have become a vital part of everyday life, the Public Interest Advocacy Centre is calling on the federal government to make access to affordable communications the law of the land.

In a report released Monday, the group recommends Ottawa adopt an enforceable, universal service obligation, incorporated into legislation including the Telecommunications Act.

The report notes average monthly communications expenses in Canada range from just over $100 to $212.

And for many low-income Canadians, those costs have forced them to rack up substantial debts to maintain service, with some people choosing to forego essentials such as food to pay their phone, cable and Internet bills.

Communications expenses ate up an average of 7.67% of the monthly income of low-income households, with smaller families of between one to four people spending proportionately more.

Despite the costs, many consumers told the group they were reluctant to cancel their communications services, even under tight household budgets.

“Those who were not willing to further reduce or cancel their communications services said that money would have to come from other expenses, such as occasional cinema movie trips for children, holiday and Christmas gifts, smoking, and any personal spending for the adults,” said the report, entitled No Consumer Left Behind: A Canadian Affordability Framework for Communications Services in a Digital Age.

Related

“Some consumers were even willing to cut other basic expenses, including food, clothing and health care, rather than cancel their communications services.”

The report also recommended that the government introduce affordability guidelines, with average communications costs ranging from 4% to 6% of a household’s income.

Affordability, however, is subjective and depends on an individual or household’s ability to control their expenses, said the report’s authors, who gathered their findings from focus groups, regulators and academic researchers.

Participants were asked to rank the importance of each communication service.

Telephone service, whether corded or wireless, was ranked almost unanimously as the most important.

“Although this was partly because mobile phones especially allowed consumers to carry out a variety of activities, it was above all because telephones kept consumers in contact with the rest of society — family and friends, but also doctors, social workers, employers, clients and service providers,” said the report.

Most people who had home Internet service also said they would be extremely reluctant to cancel the service, with many saying they use the Internet to carry out many day-to-day activities such as banking and searching for information.

Television service was considered essential by some low-income groups, including consumers who were less mobile.

The report also recommends that the Canadian Radio-television and Telecommunications Commission provide the public with annual research reports on the affordability of all major communications services to Canadians.

Why a BlackBerry Ltd loss may be overshadowed by software business

BlackBerry Ltd. is expected to dip back into losing territory when it reports earnings on Friday, as it continues its remake into an enterprise mobility management (EMM) company.

RBC Capital Markets anticipates a tough revenue result, marked by declines in service access fees and several new device launches midway through the quarter.

Analyst Mark Sue is forecasting sales of US$661-million, a 17% quarterly decline or 32% lower on an annual basis, well below analysts’ average estimate of US$802-million. His EPS forecast for a 7¢ loss is also higher than the average 4¢ loss projected by analysts.

Related

However, investors may be more focused on commentary from BlackBerry’s management on the monetization of its software. Mr. Sue is looking for evidence that the company is on the path toward its US$500-million software revenue target for fiscal 2016. He noted that billings growth for BlackBerry Enterprise Server 12 will be critical as legacy customers transition from EZ Pass, which ended on Dec. 31, 2014.

“BlackBerry is winning back some die-hard enterprise customers,” the analyst said in a report, noting that the company’s partnerships with Samsung, IBM and others leverage its security expertise.

He also pointed out that bring-your-own-device penetration is rising as a result of improved productivity, and the enterprise mobility management market is evolving beyond just mobile devices, serving to help stabilize and even improve average sales prices.

“We’re feeling incrementally better about BlackBerry’s market opportunity, particularly in regulated industries,” Mr. Sue said, adding that the company has somewhere between seven and eight million enterprise subscribers.

Corus Entertainment Inc stock dives as pick-and-pay uncertainty continues

Shares of Corus Entertainment Inc. fell 11%, the most in a single day since 2001, on Friday as Bay Street deemed it the most vulnerable to sweeping changes introduced Thursday to Canada’s television industry. Consumers will have access to basic TV packages for a maximum $25 monthly fee and the ability to pay only for the channels they want, starting next year.

While the specifics are still unclear, the Canadian Radio-television and Telecommunications Commission mandated four types of channels – including provincial educational, legislative and all local stations – into the so-called “skinny bundle” offering, which it says will be made available by March 2016.

But it’s believed Corus’s specialty channels, W Network and YTV, didn’t make the CRTC’s final cut, though both are currently offered in most entry TV plans.

If these cheaper, slimmer TV arrangements end up being well-subscribed, some equity analysts warn Corus may be the biggest loser of the CRTC’s latest overhaul to its policy. The Toronto-based media company generates almost 70% of its revenue from TV broadcasting, making it the most exposed of the nine major Canadian companies in the television business.

Related

“The introduction of the ‘small basic’ would potentially compromise the revenue base of two of Corus’s largest networks: W Network and YTV,” Canaccord Genuity analyst Dvai Ghose wrote Friday in a note. “If there is a substantial movement towards the small basic, the subscriber base of these channels would decline, and with it potentially the reach of these channels which in turn impacts the advertising levels.”

In 2013, kids’ channel YTV had more than 11 million subscribers and earned almost $90 million in annual revenue, according to the CRTC’s most recent figures. Women’s lifestyle station W Network, with just 8.3 million subscribers, recorded $91.2 million in sales during the same period.

Corus could attempt to offset a shrinking TV audience by hiking the rates it charges advertisers. But unlike rivals BCE Inc. and Rogers Communications Inc., Corus can’t hedge any losses it might realize in broadcasting on a thriving Internet business, which is expected to be boosted by the fast-growing number of Canadians who are consuming more data to surf the web and stream their favourite shows instead.

Uncertainty over what this will mean for Corus and its broadcasting business was too much for investors, who pushed shares 11% lower Friday to $18.41, marking the biggest single-day plunge since July 26, 2001. Mr. Ghose has a sell rating on the stock with a 12-month price target of $19. Corus, with a market capitalization of $1.53 billion, was formed in 1999 when Shaw Communications Inc. spun off its media assets into a separate, publicly traded company.

Emails and a telephone call to the company requesting comment were not immediately returned Friday. But in his testimony at the Let’s Talk TV hearing last September, Corus CEO John Cassaday warned that “the pick-and-pay model could well result in the destruction of the existing broadcasting infrastructure and a massive reduction of jobs across Canada.”

Customers who are satisfied with the status quo can keep their current plan and pass on the new leaner alternatives. Existing packages don’t have to be dismantled in favour of the new lower-cost options. Instead they’ll coexist, which will lessen the blow for TV distributors.

“With the many questions still to be answered … we may not see material pressure on most of the affected stocks in our coverage,” National Bank Financial analyst Adam Shine concluded in a note, “but Corus is surely due for incremental near-term declines.”

cpellegrini@nationalpost.com

Piracy-powered video streaming platform Popcorn Time is a major threat to Netflix

BARRIE, ONT. — Netflix Inc.’s public enemy no. 1 is a little sleepy.

It’s 10:30 a.m., and normally Popcorn Time programmer Robert English would still be in bed, waking up sometime in the mid-afternoon to work through the night. Instead, he got up at 7:30 a.m. after dozing for an hour-and-a-half, so he could make it to an interview at a café in his hometown of Barrie, Ont.

Mr. English works with a core team of about 20 people, including two other Canadians, on Popcorntime.io, one of the most popular of many versions of Popcorn Time. They’re all based on the same open-source code that brings free, pirated movies and television shows to people around the world.

The team is made up of volunteers, who are free to work whatever hours they want. As the project’s media spokesman, however, Mr. English is willing to adjust his own schedule a little.

“I don’t do a lot. I don’t go out a lot. I have a lot of free time,” he said. “I was just one of the people on the team who’s better at handling press.”

Being head of media relations has become a busier responsibility ever since Netflix singled out Popcorn Time as a threat in a letter to shareholders in late January. Netflix’s executives called Popcorn Time’s “sharp rise” in the Netherlands, relative to Netflix and HBO, “sobering,” and said that “Piracy continues to be one of our biggest competitors.”

Related

Netflix declined a request for comment, but it’s easy to see why the company’s so concerned: For those users who aren’t bothered that the service uses mostly pirated content, Popcorn Time offers the same viewing experience as Netflix, but with a larger selection — and free. A Bloomberg story this year submitted that Popcorn Time “may pose the biggest threat Netflix has faced to its dominance.” Mr. English wasn’t able to say how many users the various versions of the service have worldwide, but Popcorn Time is available on every major operating system, including mobile platforms, and reportedly has over 1 million downloads just in the Netherlands (where it is especially popular) — about 8% of that country’s population.

That this potential giant killer of an app relies on a volunteer like Mr. English to handle its media relations tells you something about the rest of the Popcorn Time team. Appearing in his early 20s, he resembles what you’d expect from a young Internet renegade who devotes most of his time to an experimental pirating project to look — hoodie, jeans, wire-rimmed glasses, a scruffy beard, and a T-shirt with the logo of a video game he once worked on.

He’s prone to terse responses — one he relies on a lot is “there isn’t really much to be said about that.” He reveals little about himself beyond the following: He likes the video game Assassin’s Creed, doesn’t watch television or movies as much as people think, makes a living through freelance programming gigs and helped run his school’s website after teaching himself to code sometime around the sixth or seventh grade.

He vows that Robert English is his real name, but won’t give his age, or discuss where he’s living in Barrie. It’s not that he’s afraid of getting in trouble with the law, he says; he just prefers not revealing certain information because cultivating a little online air of mystery is “just one of my things.”

Peter J. Thompson/National PostNetflix Inc. has cited Popcorn Time as a reason for concern because it's eating into the company's market share by offering copyrighted movies and TV shows for free with a Netflix-like interface.

Mr. English said the rest of the members of the core Popcorn Time team are scattered across the globe and have very different personalities. However, there are few things in common: They’re in their 20s or early 30s, and they’re motivated by the challenge and possibilities of the project, not money. Popcorn Time’s motto is “Made with love by a bunch of geeks from All Around The World.” It doesn’t make any money, he insists. There are no premium subscription fees or advertisements. The only item available for purchase is an identity-masking service, that protects users from being sued by movie studios for violating copyright. That, Mr. English said, is offered by a third party and doesn’t earn Popcorn Time a thing.

And that is where Popcorn Time differs in its business-model, and perhaps its legal risk, from predecessors like MegaUpload, the pirate empire run by flamboyant German-Finnish entrepreneur Kim Dotcom. Before it was shut down in 2012, MegaUpload allegedly made US$175 million in annual revenue off its sharing site for TV, movies and pornography. When he was arrested, Mr. Dotcom had a rented luxury mansion in New Zealand, where police seized works of art, millions in cash and 18 luxury vehicles (their vanity plates read: GOD, STONED, GUILTY and MAFIA).

And that labour-of-love ethos that powers Popcorn Time is at the heart of the problem for services like Netflix, or HBO, or Canadian video-on-demand services like Bell Media’s CraveTV and Shomi, from Shaw and Rogers — in fact, for any broadcaster or movie studio. Fair play is one thing. But how do you compete with a limitless army of utopian computer nerds eager to work as pirates around the clock for free just for the satisfaction of it?

Mr. English has an answer for his legal, profit-driven competitors: Be more like Popcorn Time. Put newly released movies online immediately. Stop agreeing to aggravating rules that make certain shows available in certain countries, but not others. Take full advantage of the possibilities the Internet offers.

“It’s not about it being free. It’s about it being open and available to everyone,” Mr. English said. “Netflix managed to create an entire platform with millions of users for a fee. So obviously people are willing to pay for the content if they can get it in a nice, timely fashion.”

Popcorn Time celebrated its first birthday in late February, but the technology it relies on — BitTorrents, or just “torrents”— has been around for years. But where downloading pirated material using this method was before somewhat involved — searching out torrents on underground websites like The Pirate Bay, plastered as they are with adult content, and then waiting for minutes or even hours while downloading data through a torrenting software program— Popcorn Time does the complicated stuff for you.

Peter J. Thompson/National PostNetflix is starting to view Popcorn Time as a threat.

Much like Netflix, users who download the software can just flip through poster images and click play on their chosen program immediately. Popcorn Time handles the locating and downloading of torrents in the background, and the files are later erased from the user’s computer. Still, while the user is watching, she’s also “seeding” the torrent to others, which makes every viewer an unwitting distributor of pirated content themselves.

Of course, the television and movie studios are watching — and collecting evidence. Kyle Reed, chief operating officer of Ceg Tek International, a company that movie studios hire to find and stop copyright infringement, said data collected by his firm show Popcorn Time’s popularity in Canada quintupled over a six-month period ending in January 2015, with the service accounting for 5.4% of Canadian BitTorrent use that month. Both Mr. Reed and Barry Logan, managing director of the Canadian anti-piracy firm Canipre, said their copyright-owning clients do not see any difference between using Popcorn Time and any other torrent software to watch pirated content.

“It’s still an infringement,” Mr. Reed said. “And as far as the tracking goes on our end, in terms of being able to see those infringements, there’s no difference to us.”

And the likelihood of Canadians finding a cease-and-desist notice in their mailbox after a Popcorn Time binge increased considerably in January, when the “notice-and-notice” provision of the Copyright Modernization Act came into effect. The new system means Canadian Internet service providers who receive infringement notices from copyright holders must forward those notices to the suspected customer’s address, while retaining information about that customer for six months in case the rightsholder decides to sue.

But David Fewer, director of the Canadian Internet Policy and Public Interest Clinic and an intellectual property and technology lawyer, notes that people aren’t breaking the law just because they use Popcorn Time, BitTorrent, MegaUpload or any other online file-sharing service. At least not as long as they’re not accessing copyrighted material.

He pointed out the technology itself has the potential to be used for legitimate means, such as by helping independent film producers distribute their work to a wide audience. It is much the same point that was used about indie artists, when MP3 downloading still lived in the underworld of Napster and Limewire, and record labels were suing instead of using iTunes.

“Just like a screwdriver can be used to build a house, it can also be used to break into a house. That doesn’t mean screwdrivers are illegal,” Mr. Fewer said. “Let’s be plain, let’s be clear, this technology is good. It’s the use to which it may be put by some parties that’s problematic.”

And that means that even if he and his colleagues are doing it out of love, by programming for Popcorn Time and acting as its official spokesman, Mr. English could be vulnerable to a charge of facilitating copyright infringement, said Allen Mendelsohn, an Internet lawyer and BitTorrent expert based in Montreal —although he also said he thinks such a charge is unlikely.

“I could see where it’s possible, that certainly some of the elements of Popcorn Time would subject him to both civil and possibly criminal penalties,” Mr. Mendelsohn said. “I think he should be worried.”

Mr. English isn’t. “I just don’t really worry about it,” he said. “I don’t live in the U.S., where it probably would be a bigger issue.”

He’s not sure how long he’ll be putting in full-time hours working on Popcorn Time. He said he plans to do it until the project doesn’t require his services any more. The service will probably keep getting bigger, he said. Until, as is the way of the Internet, it’s replaced by another service — something newer and better.

But trying to shut it down would be very difficult, Mr. English said — the same team could get it back up and running again quickly and easily. That’s certainly been the case for The Pirate Bay, which has managed to keep reopening on different international servers, after having been blocked, cut-off and raided repeatedly over the last decade.

If Netflix and other legal content distributors really want to stop Popcorn Time, they might want to consider a different tactic: Hire the pirates onto their own team. They do seem to know how to please customers. At least non-paying ones.

“If Netflix did happen to offer me a job and it happened to line up with my skills, I would probably give it a good consideration,” Mr. English said. “Maybe even take it. I don’t know.”

Metal Gear creator Hideo Kojima rumoured to leave Konami following the release of Metal Gear Solid V

The creator of Konami’s Metal Gear Solid franchise, Hideo Kojima, is rumoured to be leaving the studio following the release of Metal Gear Solid V: The Phantom Pain, due to falling out with the game’s publisher, according to reports.

A source at Konami productions, the studio behind the Metal Gear Solid franchise, reportedly told GameSpot, “After we finish [Metal Gear Solid V: The Phantom Pain], Mr. Kojima and upper management [of Kojima Productions] will leave Konami.” The contracts for a number of the the studios’ upper management including Kojima reportedly end in December.

Kojima is no longer listed as an executive at Konami and Kojima Productions Los Angeles has been renamed Konami Los Angeles Studios. The @Kjima_Pro_Live twitter has changed to @metalgear_en and online marketing materials for The Phantom Pain have removed the words “A Hideo Kojima game” from its description.

Some have speculated Kojima’s tweet from March 16 indicated he might be leaving the company.

https://twitter.com/HIDEO_KOJIMA_EN/status/577403046663061504

In a recent statement Konami denies the split between the studio and Kojima.

“As we have already announced, we are shifting our production structure to a headquarters-controlled system, in order to establish a steadfast operating base capable of responding to the rapid market changes that surround our digital entertainment business. Konami Digital Entertainment (including Mr. Kojima), will continue to develop and support Metal Gear products. Please look forward to future announcements.”

An additional Konami press release sent out later on Friday also backs up earlier statements, though implies that Kojima could be gone after Phantom Pain.

“The latest title in the Metal Gear series,Metal Gear Solid V: The Phantom Pain, will be released as planned starting on Tuesday, September 1st, 2015 in North America, Latin America, and Europe, followed by Japan and Asia on Wednesday, September 2nd. Hideo Kojima will remain involved throughout.”

Kojima himself also claims that he will be heavily involved in the continued development of Metal Gear Solid V, although he makes no mention of his involvement in the franchise following the release of Metal Gear Solid V.

“I want to reassure fans that I am 100% involved and will continue working on Metal Gear Solid V: The Phantom Pain; I’m determined to make it the greatest game I’ve directed to date. Don’t miss it!”

A small section of Metal Gear Solid V was released last year, Metal Gear Solid V: Ground Zeroes. The game was criticized for basically being a demo for The Phantom Pain.

Pages