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Search resuls for: "behemoth Sony"


2 mentions found


☆ 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
☆ Goldman Sachs says this global tech stock will soar as 'gaming-as-a-service' takes off
  + stars: | 2023-10-16 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Investors seeking exposure to Japan's growing gaming industry should look at technology and entertainment behemoth Sony , according to Goldman Sachs. Goldman expects shares of Sony Group Corporation to rise by 25% to 16,000 yen ($107) over the next 12 months. In addition, Goldman Sachs said there was significant growth potential for Crunchyroll, Sony's anime streaming service based in California, which it acquired in 2017. "Our team estimates that overseas markets will account for 80% of Japanese anime sales by 2036," the bank's report said. As earnings contributions from Crunchyroll and GaaS titles become more apparent starting in fiscal year 2025, Goldman Sachs sees an increase in consensus earnings estimates and valuation multiples.
Persons: Goldman Sachs, FactSet Organizations: Sony, Bungie, Goldman, Sony Group Corporation, New York Stock Exchange, SONY, Microsoft, Activision Blizzard Locations: Tokyo, California
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