Sony Corp (6758.T)
18 Jul 2018
Thu, May 31 2018
TOKYO Sony Corp's new chief executive is embracing entertainment content, but for now appears to be steering clear of direct competition with tech giants such as Apple Inc and Netflix Inc .
* CEO Yoshida says no plans to go toe-to-toe with Apple, Amazon
TOKYO Sony Corp said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world's largest music publisher in an industry that has found new life on the back of streaming services. | Video
* Gaming profit expected to fall over next three years (Write through with value of EMI and Peanuts deal)
HONG KONG (Reuters Breakingviews) - Sony is loudly demonstrating its love of content. On Tuesday, the Japanese electronics and entertainment group said it would buy majority control of EMI Music Publishing. Sony tightens its grip on a two-million-song catalogue spanning Queen to Kanye West - and the $4.8 billion deal leaves no room to doubt new boss Kenichiro Yoshida’s belief in the industry’s recovery.
TOKYO, May 22 Sony Corp said on Tuesday it would pay about $2.3 billion to raise its stake in EMI Music Publishing to about 90 percent, resulting in a valuation gain of about 100 billion yen ($900 million).
* Says DHX Media Ltd and Sony Music Entertainment (Japan) Inc.(SMEJ) announce today that they have entered into a definitive agreement whereby SMEJ will indirectly purchase 49 percent of DHX Media's 80 percent interest in Peanuts Holdings LLC for $185 million (about 20.4 billion yen), subject to customary working capital adjustments
* SAYS ALL OF SINCLAIR'S ABC, CBS, FOX, NBC AFFILIATED STATIONS REMOVED FROM SONY'S PLAYSTATION VUE PLATFORM
TOKYO, May 1 Japanese stocks were choppy in holiday-thinned trade on Tuesday, while Sony tumbled after the company issued a profit warning.
TOKYO Sony Corp will work to ensure last year's record profit was not a one-off, its new management said on Friday, after the Japanese conglomerate forecast a dip in earnings this year in anticipation of a stronger yen.