Friday, November 22, 2013

Sony will shrink movie division in order to keep it alive


Under Kaz Hirai's leadership, Sony has seen its mobile business turn into a profit driver and its mirrorless cameras competing with professional-class DSLRs. While Sony's hardware manufacturing credentials have been restored, however, other parts of the company remain in a troubled state. Chief among them is the entertainment division, which Sony is announcing plans to restructure and downsize in the wake of some outspoken criticism and mounting losses.


Sony Entertainment has been subject to an impassioned plea from one of Sony's big shareholders, who wanted to see it detached from the monolithic Japanese company and offered up on the stock market as a standalone business. CEO Hirai declined the idea, underlining the value of Sony's...


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via The Verge - All Posts http://www.theverge.com/2013/11/22/5132704/sony-will-shrink-movie-division-in-order-to-keep-it-alive

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