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☆ Sony hasn’t been this hot since it made the Walkman
▼ + stars: | 2024-12-14 | by ( John Towfighi | ) edition.cnn.com time to read: +10 min

But as opportunities arise in streaming, Sony is trying to transition from being a legacy consumer electronics company to an original content and entertainment company. In addition to Sony Interactive Entertainment, which makes the PlayStation, the behemoth Sony Group also includes Sony Pictures, which produces films like the Spider-Man series, and Sony Music, which includes Columbia Records. Robert Lawson, the chief communications officer for Sony Group, said in a statement that since 2018 when the company acquired EMI publishing, making Sony Music the world’s largest publisher of music, Sony has invested approximately 1.5 trillion yen into content IP across various entertainment businesses. Sony has also been involved with music since the 1960s through a joint venture with CBS that became Sony Music Entertainment in 1991. Richard A. Brooks/AFP/Getty ImagesA customer walks away after purchasing the new Sony Playstation PS5 in Seoul on November 12, 2020, after Sony launched the new console in select markets around the world.

Persons: Bill Clinton, Damian Thong, ” Thong, Joost van Dreunen, NYU Stern, van Dreunen, Bella Ramsey, Pedro Pascal, Liane Hentscher, ”, Robert Lawson, ” Lawson, Akio Morita, Masaru Ibuka, Japan’s, Katsumi, Haruyoshi Yamaguchi, Kiyoshi Ota, Van Dreunen, “ We’re, what’s, Richard A, Brooks, Ed Jones, Thong, Anna Kerr, NYU Stern’s van Dreunen, “, Kenichiro Yoshida, Tom Holland, Hiroki Totoki, Soichiro Koriyama, Kerr Organizations: CNN, Sony, PlayStation, SONY, Macquarie, Sony Group, NYU, Bungie, Sony Interactive Entertainment, behemoth Sony, Sony Pictures, Sony Music, Columbia Records, HBO, Max, Netflix, Disney, EMI, Tokyo Telecommunications Engineering Corporation, Sony Corporation, CBS, Sony Music Entertainment, Sony Corp, Bloomberg, Getty, Trinitron KV, Ginza Sony, Ampere, Sony PlayStation, Ampere Analytics, ”, Kadokawa, “ Sony, ” Sony, Sony Group Corp, Apple, Nasdaq Locations: Japan, American, United States, Tokyo, Ginza, AFP, Seoul, PlayStation5

☆ Sony eyes finance unit listing, doubles down on entertainment
▼ + stars: | 2023-05-18 | by ( Sam Nussey | ) www.reuters.com time to read: +3 min

Sony said it is considering a time frame of two to three years to spin off Sony Financial Group - whose operations include life insurance and banking - with an eye to listing the business and retaining a stake of slightly under 20%. The conglomerate is pursuing synergies between its business lines, which include video games, music and movies. A partial spin-off of Sony Financial, which the group said was made possible by changes in tax rules, would allow the newly listed business to retain Sony branding. The finance business reported a 5% fall in revenue to 1.45 trillion yen ($10.74 billion) in the year ended March. Sony CEO Kenichiro Yoshida said he recently watched the movie in Tokyo and used to play "Super Mario" too.

☆ A Sony spinoff comes better late than never
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, May 18 (Reuters Breakingviews) - A long-awaited Sony (6758.T) spinoff is finally happening. The Japanese video games-to-semiconductors conglomerate may list its financial subsidiary "within the next two to three years" while retaining a 20% stake. Investors promptly bid up shares of Sony as much as 7% on the news. Partially offloading Sony Financial Services, which the company only took full control of in 2020 for $3.7 billion, makes sense. Sony stresses it is not planning any other spinoffs for now - one of them is plenty to look forward to.

☆ Sony Group CFO Totoki to succeed Yoshida as president
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +1 min

Feb 2 (Reuters) - Sony Group Corp (6758.T) said on Thursday chief financial officer Hiroki Totoki would become president and chief operating officer on April 1 while retaining his current role. Incumbent president Kenichiro Yoshida will remain as chairman and chief executive officer. The entertainment and electronics conglomerate will hold a news conference on its new leadership at 4:00 p.m. (0700 GMT). Besides his role as chief financial officer in 2018, Totoki has been chief of the company's mobile phone division and head of the banking division. Reporting by Gokul Pisharody in Bengaluru and Kiyoshi Takenaka in Tokyo; Editing by Jacqueline Wong and Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.

☆ 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.

LOS ANGELES, Jan 12 (Reuters) - The 2013 video game “The Last of Us” was a hit with critics and players thanks to a powerful narrative. Ten years later, that story is headed to television on HBO in what the industry hopes is a harbinger for artfully adapting video games to TV and film. The PlayStation game won numerous awards, including “Game of the Year” at the 17th Annual Design Innovate Communicate Entertain summit (DICE), which honors video game industry professionals. The TV series has received glowing reviews from critics, garnering a 97% score on Rotten Tomatoes. "It shouldn’t be surprising that a drama based on a video game can have heart.

☆ 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.

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