Wednesday, November 13, 2019

SONY AGREES TO CONSIDER SPINNING OFF ENTERTAINMENT PROPERTIES

May 22, 2013 by · Leave a Comment 

Sony has agreed to consider a plan proposed by investor Dan Loeb and his Third Point hedge fund to spin off part of its entertainment division. While initially appearing to dismiss Loeb’s proposal, Sony chief Kazuo Hirai appeared to do an about-face today. “The proposal from Third Point, Dan Loeb is something that we should […]

SONY RETURNS TO THE BLACK AFTER FIVE YEARS

May 9, 2013 by · Leave a Comment 

Sony Corp has posted its first full-year profit in five years, attributing much of its turn-around to the box office successes of its film and home-video divisions. The company reported full-year income of $458 million versus a loss of $5.7 billion a year ago. In particular the company cited the box-office success of The Amazing […]

SONY CHIEF SAYS HE WON’T SELL STUDIO

January 17, 2013 by · Leave a Comment 

Sony Corp. CEO Kazuo Hirai has scotched persistent reports that he is considering selling Sony Pictures and focusing on the company’s troubled consumer electronics business. Today’s (Thursday) Hollywood Reporter quoted him as saying, I have always said, when asked the question about why we have the entertainment properties, one of the most important reasons we […]

IT’S OFFICIAL: SKYFALL SETS BOND RECORD

November 18, 2012 by · 2 Comments 

While all eyes were focused on The Twilight Saga: Breaking Dawn — Part 2 to see whether it would break box-office records (it didn’t; see separate item), Skyfall, the 23rd James Bond blockbuster, was continuing to rack up huge profits overseas, where, in its fourth week, it grossed an additional $49.6 million to bring its […]

MOONVES URGES CABLERS TO DROP NETWORKS NO ONE WATCHES

October 19, 2012 by · Leave a Comment 

CBS chief Les Moonves has urged cable operators to change their business model if they wish to cut costs — stop making package deals with giant media corporations to carry dozens of channels that no one watches. “The truth is that he who has the most eyeballs wins,” Moonves said in an interview with the […]

SONY TO BRING BIG-SCREEN CINEMA TO THE HOME

August 30, 2012 by · Leave a Comment 

Sony, which has blamed the saturated market for high-definition TV sets for its losses at its TV manufacturing division, may be moving into a less crowded field: giant-screen ultra-high-definition TV, capable of giving viewers at home a theatrical experience. It announced that it will introduce later this year the XBR-84X900, an 84-inch LCD set producing […]

SEINFELD RETURNING — ON THE WEB

July 5, 2012 by · Leave a Comment 

An upcoming series by Jerry Seinfeld titled Comedians in Cars Getting Coffee could become a turning point for home entertainment, some observers are suggesting. The show, due to launch on Thursday, July 19 at 9:00 p.m. (Seinfeld‘s old time slot) and available only online, will feature interviews with comedians, including Ricky Gervais, Michael Richards, Alec […]

MEN IN BLACK 3 A HUGE OVERSEAS HIT

June 4, 2012 by · Leave a Comment 

The overseas audience’s love affair with Will Smith appeared undiminished as Men in Black 3 took in more abroad in its second week than it did domestically in its first. The Sony film added $79.1 million to its foreign gross, which now stands at $275.4 million. Today’s (Monday) Hollywood Reporter noted that in Germany, it […]

BARGAIN-PRICED TV SETS EQUAL HUGE LOSSES FOR THEIR MAKERS

May 14, 2012 by · Leave a Comment 

Those bargain prices for big-screen HDTV sets may be wonderful news for worldwide consumers, but they represent devastating losses for their Japanese and Korean manufacturers. Sony and Sharp have already reported record losses primarily attributable to cutthroat competition to unload a glut of inventory of those sets, and now comes Panasonic to report its biggest […]

STUDY: CONSUMERS LIKELY TO LINE UP FOR APPLE TV SETS

April 17, 2012 by · Leave a Comment 

Widespread rumors that Apple will begin manufacturing a next-generation television set have hit home with U.S. consumers, with 25 percent telling a British research and marketing group that they would buy it when it becomes available; in Britain, the figure was even higher — 30 percent. For consumers who already own at least one Apple […]

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