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Sony Corp (SNE.N)

SNE.N on New York Stock Exchange

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17 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Sony and Jackson Estate reach agreement for Sony to acquire remaining half of Sony/ATV music publishing
Monday, 14 Mar 2016 07:44pm EDT 

Sony Corp:Sony and Jackson estate reach agreement for Sony to acquire remaining half of sony/atv music publishing.Says mou calls for total payments of $750 million.Says expects that this transaction will have no material impact on its consolidated results forecast for the fiscal year.Sony Corporation of America to obtain full ownership of sony/atv music publishing llc by acquiring 50% interest in sony/atv held by estate.Deal includes payment by sca of about $733 million as well as distributions previously committed to by sony/atv to be paid to estate.Says deal's impact on sony's consolidated financial results for the fiscal year ending March 31, 2017 is currently being evaluated.  Full Article

Sony to transfer storage medium business to unit
Monday, 22 Feb 2016 01:00am EST 

Sony Corp:To transfer its storage medium business to its wholly owned Miyagi-based subsidiary, effective on April 1.  Full Article

Sony to merge with wholly owned unit
Monday, 22 Feb 2016 01:00am EST 

Sony Corp:Says to merge with its wholly owned Tokyo-based subsidiary which has been engaged in real estate related business, effective on April 1.Says the unit to be dissolved after the transaction.  Full Article

Sony to transfer business to Tokyo-based subsidiary
Monday, 22 Feb 2016 01:00am EST 

Sony Corp:To transfer its network platform development and operating business to its Tokyo-based wholly owned subsidiary, effective on April 1.  Full Article

Sony to transfer business to Kanagawa-based unit
Monday, 22 Feb 2016 01:00am EST 

Sony Corp:To transfer its semiconductor business to its Kanagawa-based wholly owned unit, effective on April 1.  Full Article

R&I affirms Sony Corp's rating at "A-" and announces stable outlook
Thursday, 18 Feb 2016 12:00am EST 

Sony Corp:Rating and Investment Information, Inc. (R&I) affirmed Sony Corp's issuer rating at "A-".Rating outlook stable.  Full Article

Sony to acquire Altair Semiconductor, Israeli innovator of LTE modem chip technology
Tuesday, 26 Jan 2016 01:00am EST 

Sony Corp:Says it has reached an agreement with Altair Semiconductor (“Altair”) and its major shareholders to acquire Altair.The purchase price is 212 million U.S. dollars (approximately 25 billion yen), and Sony expects to complete the acquisition in early February.  Full Article

Sony Corp - Hollywood studios, Sky spar with EU antitrust regulators - Reuters
Monday, 18 Jan 2016 01:56am EST 

Sony Corp:NBCUniversal, Disney and 4 other U.S. studios together with Sky UK on Monday rebuffed EU charges of anti-competitive movie-licensing deals in a crucial hearing ahead of a decision later this year - RTRS.The companies' defence at a 3-day closed-door hearing came six months after the European Commission accused them of preventing consumers outside Britain and Ireland from accessing films and other content broadcast by the British pay-TV group - RTRS.Clauses in the deals also prevent other broadcasters from making their pay-TV services available in the UK and Ireland - RTRS.The accusations by the EU antitrust enforcer came amid a campaign to end restrictions hindering cross-border trade, aimed at boosting e-commerce and growth in the 28-country bloc - RTRS.Defenders of territorial licensing, however, say that the system preserves the region's cultural diversity and safeguards fair payment for artists and content providers - RTRS.Other Hollywood studios involved in the case are Paramount Pictures, part of Viacom, Sony, Twentieth Century Fox and Warner Brothers - RTRS.Sky UK and the studios face fines up to 10% of their global turnover if found guilty of breaching EU rules - RTRS.Other participants included Canal Plus, German media ProSieben, Telefonica's DTS unit, the European Producers Club, British Film Institute, Producers Alliance for Cinema and Television, French cinema producers body APC and Italy's cinema and audiovisual group Anica - RTRS.  Full Article

Toshiba updates on sale of asset to Sony
Friday, 4 Dec 2015 01:00am EST 

Toshiba Corp:To sell the semiconductor manufacturing related asset and property to Sony, at 19 bln yen.  Full Article

Sony to issue mid-year dividend for FY 2016
Thursday, 29 Oct 2015 02:00am EDT 

Sony Corp:To issue a mid-year dividend of 10 yen per share to all the shareholders of record as of Sep. 30, for the fiscal year ending March 2016.Payment date Dec. 1.Says the dividend amount is in line with the latest forecast.  Full Article

Sony Entertainment CEO Lynton to step down; to become Snap Inc chairman

Jan 13 Sony Corp said on Friday Michael Lynton would step down as chief executive of its movie and music businesses, Sony Entertainment, effective Feb. 2.