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Sony Is Weighing a Sale of Film, TV Business (nypost.com)
Sony could be exploring the sale of its film and television unit just a week after announcing the departure of Sony Entertainment CEO Michael Lynton. From a report: Tokyo's Sony Corp. is listening to bank pitches about a potential sale of its film and TV operations, several sources told The Post. "Every bank is pushing pitches," said one person familiar with the process. Another confirmed that banks have paid a flurry of visits to Tokyo to advise on a sale of Sony's film and TV business. The Post was first to report that the Japanese owners were ready to listen to bid proposals if they had the right number attached. CBS CEO Leslie Moonves has long signaled interest in acquiring the asset, though several Chinese bidders could be in the wings. Sony CEO Kaz Hirai has denied any intent to sell the firm during the five years he's been in the top slot at the company. Still, he has not appointed a successor to Lynton, despite knowing of his intention to depart for some time. That has sparked speculation that there may be no position to fill.
...maybe then they could stop fucking up every single product with copyprotection (which soley killed the MD)...
Sony was once a technological wonderhaus and then they started buying content. Then the content guys started dictating the technology direction, mostly surrounding protecting their content. The result was that Sony, who invented the walkman, couldn't make a usable iPod competitor.
They should sell Sir Paul his stuff back and go back to being tech wizards.
And maybe Apple should look at Sony before they go down the same path.
Full disclosure: I own stock in both.
They're looking to start one.
It is pretty obvious the people running the show are, shall we say, less than gifted.
Somehow, I wouldn't be surprised to see Disney throw their hat in the ring. They've been buying up content properties left and right, lately.
(Not honestly sure whether that would be a good thing or a bad thing, though...)
Sonyâ - how is that pronounced? SonyAY? SonyAH?
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
Sell the rights for spiderman back to marvel for the live off all that is nerd.
A source said Sony hasn’t yet committed to a sale at this time, because the firm wants to see how Sony’s movies perform this summer. “They want to see how the “Emoji Movie” movie does because they think they have a franchise and it might help them get a better price,”
"The Emoji Movie". The f*****g Emoji Movie.
They "think they have a franchise" based on an Emoji Movie. Jesus.
If there's any justice in the world, it'll bomb so horribly that it takes the entire studio with it and Sigourney Weaver'll suggest that they nuke the site from orbit to render it less toxic. Then they'll get offered $3.77 for the Columbia lady once she stops glowing in the dark.
In all sincerity, I'd suggest this is why they're not making any money, but knowing sod's law, it'll be a smash hit with six year olds- whose parents can barely stand it- until they've completely forgotten about it six months later.
Much like some of their other enterprises.
Happiness in intelligent people is the rarest thing I know.
Ernest Hemingway
Tokyo's Sony Corp. is listening to Greedy Jew pitches about a potential sale of its film and TV operations, several sources told The Post. "Every Greedy Jew is pushing pitches," said one person familiar with the process. Another confirmed that the Greedy Jews have paid a flurry of visits to Tokyo to advise on a sale of Sonyâ(TM)s film and TV business. The Post was first to report that the Japanese owners were ready to listen to bid proposals if they had the right number attached. CBS Head Jew In Charge Leslie Moonves has long signaled interest in acquiring the asset, though several Chinese bidders could be in the wings. Sony CEO Kaz Hirai has denied any intent to sell the firm during the five years he's been in the top slot at the company. Still, he has not appointed a successor to Lynton, despite knowing of his intention to depart for some time. That has sparked speculation that there may be no position to fill.
The Bank doesn't care whether you or someone else spends those $100 or whatever billions it will cost. It all circulates and comes back in the end. You are relieving control of something to the Bank, just to get the privilege of deciding how those $100 billion get spent, but to the Bank it doesn't matter, because no matter the price, they have won the moment you agree to the sale, and in the end they will have both your company AND the money.
If you need to sell, sell to another Japanese corporation, NEVER sell to the Bank.
Sony Pictures reported an operating loss of $64.9 million on revenues of $3.28 billion for the six months ending in September.
But television program production is doing OK, Sony now sees the combined movie and TV unit generating about $8 billion in revenue for the fiscal year, with an operating profit of $25 million.
profit of 25 million base don 8 billion ..really? THATS TERRIBLE and akin to like any , any any down turn and your in trouble
They "think they have a franchise" based on an Emoji Movie. Jesus.
Sounds goofy to me too, but Angry Birds was a smash hit for them (definitely their biggest of the year):
http://www.boxofficemojo.com/y...
$349.8M The Angry Birds Movie
$239.1M Passengers (2016)
$229.1M Ghostbusters (2016)
$220.0M Inferno
$160.4M The Magnificent Seven (2016)
$140.7M Sausage Party
$119.1M The Shallows
$109.9M The 5th Wave
$46.1M Risen
$25.2M The Brothers Grimsby
It clobbered Ghostbusters (and Passengers) with less than half the budget (maybe worse after you account for marketing). The execs may not understand how horribly Ghostbusters was marketed (by openly trashing the fans), so they may well come to the conclusion (because they do understand profit loud and clear) that silly interweb franchises are way more valuable to them than beloved classic franchises (or original stories).
Sony was the world tech leader until they decided to get into the movie/record biz
Then, they were crippled by powerful people who valued fashion and power over tech
Source.. I worked for one of Sony's awful companies..we built the Metreon
Please, please, please get out of the publishing business and go back to making good hardware unencumbered by insane conflicts of interest.
Sony has become a "make a bridesmaids of this" movie haus. It's a one trick pony that pumps out shitty schlock vis a vis Feigbusters. About time Sony gave the business to someone capable of running it.
A good number of people on Slashdot are opposed to any protections of intellectual property. Given the dismal efforts to eradicate piracy, it makes more sense to get out of intellectual property and into something that Slashdotters don't feel entitled not to pay for.