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...“Sony really cares about selling hardware but from a Microsoft perspective, it’s more about their subscription service,” she said....
...BMG is the world’s fourth-largest music label — but lags far behind the top three “majors”, Universal, Sony and Warner. The company earned revenues of €905mn in 2023, up 4.5 per cent year on year....
...Sony’s shares fell by as much as 8.6 per cent on Thursday after the Japanese group cut its forecast for sales of its flagship PlayStation 5 gaming console....
...Sony will list its financial services arm in 2025, providing a boost for investors even as the Japanese group cut its forecast for full=year sales of its PS5 gaming console....
...Indian media company Zee’s share price fell 27 per cent on Tuesday after Sony called off a merger between the two groups, ending two years of talks aimed at creating a market-leading entertainment conglomerate...
...“With the accountants in charge, Sony is not prepared to cut prices by $100 to stimulate demand because that would cost $2bn in profits,” Gibson said....
...Sony has sent a termination letter to Zee Entertainment, ending its merger agreement with the Indian media group two years after striking an ambitious deal to create a $10bn entertainment powerhouse in the...
...action” against Sony....
...“It’s evident that Sony has had a change of mind at the eleventh hour.”...
...But Sony has not agreed to a deadline extension. “Sony’s at the end of its rope,” one of the people said....
...Sony was upbeat on the prospects of its flagship PlayStation business, which benefits strongly from the weak yen....
...Since joining Sony in 1987, his core experience at Sony has been in finance. He has held the post of chief financial officer since 2018 and led the establishment of Sony Bank in 2001....
...Hardware sales are slowing, with Sony cutting its forecast for PlayStation 5 sales this week....
...The Cell strategy ultimately failed as Sony couldn’t recoup the massive manufacturing investment....
...Opera companies around the world will be fighting for her. ★★★★☆ ‘Wagner: Parsifal’ is released by Sony Classical...
...The world’s largest contract chipmaker said on Tuesday that Toyota, Japan’s largest carmaker, will take a 2 per cent stake in the second factory while Sony will take a 6 per cent stake....
...Sony’s biggest gaming rival Microsoft increased prices for the Xbox counterpart, the Game Pass service, in July. Sony has been pushing ahead with a premium strategy for its hardware, too....
...But for the rest of the year, Sony expects PlayStation to lead the charge....
.... ★★☆☆☆ ‘Las Mujeres Ya No Lloran’ is released by Sony Music Latin...
...“Sony’s at the end of its rope,” a person with knowledge of the matter told the FT....
...RedBird IMI beat several suitors for All3Media, including French TV production group Banijay, Sony and The North Road Company, a studio run by former Fox Group boss Peter Chernin....
...Corporate earnings: Sony, Japanese insurer Tokio Marine Holdings and Japan Post Bank report third-quarter earnings....
...“Sony’s intellectual property is well placed and combined with Zee, it could be a lot more valuable,” Goyal said. “Sony is in a very good position.”...
Gargantuan role-playing games and an addictive fish-based simulator were standouts this year
...Shah estimated the combined annual revenues of Zee and Sony’s India unit at about $2bn. But Sony and Zee will have to contend with the financial muscle of some of India’s most powerful tycoons....
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