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The $130 billion video game industry is facing its "Netflix moment:" a coming streaming boom will sap the market for physical consoles. (Photo by Yuki Kohara)
The Big Story

A Netflix moment for gaming? Streaming challenges consoles in 5G era

Former rivals Sony and Microsoft ally to take on new 'cloud gaming' platforms

AKITO TANAKA, Nikkei senior staff writer, and JADA NAGUMO, Nikkei staff writer | Japan

TOKYO -- In May, Sony CEO Kenichiro Yoshida faced his counterpart at Microsoft, Satya Nadella, on the sprawling campus in Redmond, Washington, that houses the world's largest software maker.

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