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Tokyo-based Sony Corp.’s quarterly profit totaled 200 billion yen ($1.3 billion), down from 282 billion yen a year earlier. Quarterly sales rose 11% to 2.7 trillion yen ($18 billion), with gains in video games, image sensor and music operations and weakness in its financial and entertainment technology services. A deal was reached late Wednesday, ending the longest strike ever for film and television actors. Sony raised its full year profit forecast to 880 billion yen ($5.8 billion) from an earlier projection for an 860 billion yen ($5.7) profit. That’s lower than the profit recorded the previous year at 1 trillion yen.

Persons: —, Travis Scott, Harry Styles, ___ Yuri Kageyama Organizations: TOKYO, Sony Corp, Sony, Screen, American Federation of Television, Radio Artists, PlayStation Locations: Tokyo

☆ Foxconn founder Terry Gou lies low in Taiwan election as China tax probe reverberates
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +6 min

[1/2] Terry Gou, founder of Taiwan's Foxconn poses for pictures while saluting during a news conference in Taoyuan, Taiwan April 5, 2023. But three months out from the election, Gou, whose net worth is estimated by Forbes at $6.7 billion, has gone to ground. China claims Taiwan as its own and believes Lai, who leads opinion polls, is a separatist bent on a formal declaration of independence. Since the Global Times report came out, Gou's team has declined to comment, referring questions to Foxconn itself. Gou remains a lauded figure at Foxconn after stepping down as chairman in 2019, referred to reverentially as "the founder".

Persons: Terry Gou, Taiwan's, Carlos Garcia Rawlins, Taiwan's Terry Gou, Gou, Lai Ching, Lai, Steve Jobs, Foxconn, Democratic Progressive Party's, reverentially, Xi Jinping, Ben Blanchard, Sonali Paul Organizations: REUTERS, Rights, Apple, Forbes, Global Times, Taiwan, Democratic Progressive, DPP, Taiwan People's Party, Hai Precision Industry Co Ltd, Chicago, Atari, Dell, Sony Corp, Nintendo Co, Microsoft Corp, Communists, Communist Party's, Thomson Locations: Taoyuan, Taiwan, Rights TAIPEI, China, Foxconn, Beijing, Kuomintang, People's Republic of China

Terry Gou, Foxconn founder announces his bid for the Taiwan presidency during a press event in Taipei, Taiwan August 28, 2023. Before he announced his bid to run as an independent on Monday, Gou had sought the KMT ticket for the presidency but failed. But his direct language, along with his business acumen, has drawn crowds in pseudo-campaign events across Taiwan that Gou held in the run-up to his announcement. He showed me how to use the touch screen on the spot," Gou said in 2011 about his relationship with Jobs. Gou told Trump he wanted to be a peacemaker between Taiwan, China and the U.S. as Taiwan's president.

Persons: Terry Gou, Ann Wang, Taiwan's Terry Gou, Democratic Progressive Party's, Gou, Sung Wen, APPLE Gou, Foxconn, Steve Jobs, Jobs, reverentially, Xi Jinping, Donald Trump, Trump, Ben Blanchard, Yimou Lee, Sarah Wu, Raju Gopalakrishnan Organizations: REUTERS, Rights, Apple Inc, Foxconn, Democratic Progressive, DPP, Kuomintang, KMT, Taiwan People's Party, National University's Taiwan Studies, APPLE, Hai Precision Industry Co Ltd, Chicago, Atari, Dell, Apple, Sony Corp, Nintendo Co, Microsoft Corp, Communists, Communist Party's, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, China, Beijing, Shanxi, Guangdong, People's Republic of China

... Read moreAug 14 (Reuters) - Sony Music Entertainment (6758.T) has dropped a lawsuit against Triller over allegations the short-form video platform used the label's music without permission, according to a filing in Manhattan federal court. Sony Music and Triller told the court on Friday they would end the copyright case with prejudice, which means it cannot be refiled. Sony Music sued Los Angeles-based Triller last year. A Triller spokesperson said at the time that it had removed Sony Music's catalog from the platform, and the complaint "grossly mischaracterizes" their relationship. Triller later denied Sony Music's allegations in court.

Persons: Read, Triller, Britney Spears, Harry Styles, Janis Joplin, Blake Brittain, Chris Reese Organizations: Sony, Sony Music Entertainment, Sony Music, Los, Thomson Locations: Tokyo, Manhattan, Los Angeles, Washington

☆ Exclusive: LG Display to supply OLED TV panels to Samsung Elec - sources
▼ + stars: | 2023-05-16 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

Initial supplies to Samsung would likely be 77-inch and 83-inch white OLED (WOLED) TV panels. OLED panels cost nearly five times more than liquid-crystal display (LCD) panels. Analysts have speculated that LG Display was in talks to supply OLED TV panels to a new client. LG Display supplies OLED TV panels to LG Electronics and Sony. Samsung Electronics has its own display-making unit Samsung Display which focuses on OLED screens for mobile phones made by Apple and Samsung.

☆ Sony backs maker of tiny Raspberry Pi computers with fresh funding, access to A.I. chips
▼ + stars: | 2023-04-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Sony Semiconductor Solutions, a subsidiary of Sony Corporation, invested an undisclosed amount in Raspberry Pi Ltd, the trading company of Raspberry Pi, the company said in a statement on Wednesday. Upton established Raspberry Pi in 2012 with the aim of making computing more accessible to young people. Raspberry Pi's tiny single-board computers are the size of a credit card and have been used to build everything from high-altitude balloons to small radio-controlled submarines. Raspberry Pi's customers were mainly hobbyists and teachers in the early days. The deal extends an existing manufacturing relationship between Sony and Raspberry Pi.

☆ Japan Display forms alliance with China's HKC on chip fabs, auto displays
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +1 min

TOKYO, April 10 (Reuters) - Japan Display Inc (6740.T) said on Monday it has formed an alliance with China's HKC Corporation Ltd (HKC) to cooperate on next-generation OLED technology, chip fabrication, and auto displays, sending the Japanese company's shares 10.5% higher. Japan Display and HKC will jointly plan and build fabs using Japan Display's eLEAP OLED technology, targeting mass production in 2025, the Japanese company said. Japan Display is planning more than one plant under the alliance with HKC, Chief Executive Scott Callon told a briefing, adding the tie-up would bring together Japan Display's technology and HKC's cost competitiveness. Japan Display, a maker of phone and computer displays, is on a restructuring drive to turn around its struggling businesses. Japan Display was formed in 2012 when the LCD businesses of Hitachi Ltd (6501.T), Toshiba Corp (6502.T) and Sony Corp (6758.T) merged in a government-brokered deal.

☆ Sony lifts outlook, but still falls short of expectations
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +1 min

[1/2] Logos of Sony Corp are seen at an electronics store in Narita International airport in Narita, Japan, November 1, 2016. The electronics and entertainment giant also said itschief financial officer, Hiroki Totoki, would become president and chief operating officer from April 1, while retaining his current role. The company said it now expects operating profit for the year to March 31 to total 1.18 trillion yen ($9.17 billion), up from its previous forecast of 1.16 trillion yen. That remains short of analysts' average estimate of a 1.19 trillion yen profit, according to Refinitiv data, and just shy of a record profit of 1.2 trillion yen posted a year earlier. ($1 = 128.6800 yen)Reporting by Kiyoshi Takenaka Editing by Shri Navaratnam and David DolanOur Standards: The Thomson Reuters Trust Principles.

Box office receipts can rise as much as 75% in the weeks following a best picture nomination, according to Comscore data. The distributor, United Artists Releasing, planned the release strategy to coincide with this week's Oscar nominations, with the hope the movie would benefit from a box-office bounce. "Tar," a best picture contender starring Cate Blanchett as a manipulative orchestra conductor, will expand to 535 theaters from 100. 'NOT LOOKING GREAT'Even legendary director Steven Spielberg has had trouble drawing crowds to best picture nominee "The Fabelmans," his autobiographical story about family strife and anti-Semitism he faced as a teenager. Warner Bros is re-releasing the film in movie houses this weekend after it landed eight Oscar nominations including best picture and best actor.

☆ At CES 2023, Sony's 'Gran Turismo' flags new entertainment strategy
▼ + stars: | 2023-01-04 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +6 min

It also represents a significant bridging of the divides between Sony Pictures Entertainment, Sony PlayStation and Sony Music, according to a dozen current and former senior executives interviewed by Reuters. “I defined our identity as a creative entertainment company with a solid foundation on technology,” Sony chief executive Kenichiro Yoshida said. Sony’s “creative entertainment” company approach extends beyond content. A Sony-Honda electric vehicle, scheduled to reach consumers by 2026, is being framed as a rolling showcase of Sony’s entertainment, gaming and camera sensor prowess. This August will bring another test of Sony’s strategy when “Gran Turismo” hits theaters after languishing for 12 years.

☆ EA lowers bookings expectation on strong dollar, gaming slowdown
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +2 min

Nov 1 (Reuters) - Electronic Arts Inc (EA.O) lowered its annual bookings forecast on Tuesday as the publisher of "FIFA" and "Apex Legends" struggles with this year's surge in the U.S. dollar and a gaming industry slowdown from pandemic heights. The company now expects annual bookings - an indicator of future revenue - between $7.65 billion and $7.85 billion, compared with $7.90 billion to $8.10 billion earlier. A near 17% rise in the U.S. dollar this year has also stifled growth, with EA forecasting a roughly $200 million hit to annual bookings. EA booked second-quarter adjusted sales of $1.75 billion, missing the $1.80 billion expected by analysts, according to Refinitiv data. Net income rose to $299 million, or $1.07 per share, from $294 million, or $1.02 per share, a year earlier.

☆ Sony Q2 gaming profit tumbles 50% on higher costs
▼ + stars: | 2022-11-01 | by ( Sam Nussey | ) www.reuters.com time to read: +1 min

FILE PHOTO: Sony Corp's logo is seen on its Crystal LED Integrated Structure (CLEDIS) display at its headquarters in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-HoonTOKYO (Reuters) -Sony Group Corp’s second-quarter profit at its key gaming unit fell by 50% from a year earlier as the entertainment conglomerate booked higher costs from game development and acquisitions, the company said on Tuesday. The Tokyo-headquartered company’s gaming unit recorded a profit of 42.1 billion yen ($284.63 million) after selling 3.3 million units of its PlayStation 5 (PS5) console in the second quarter, equal to the year ago sales. It trimmed its full-year forecast for the games business by 12% to 225 billion yen citing lower software sales from third-party developers and the impact of dollar-denominated costs. Sony reported overall group operating profit rose 8% to 344 billion yen ($2.32 billion) in the July-September quarter, beating analyst estimates, after units including the music business offset the weakness in gaming.

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