Latest in Sony Entertainment

Activist investor Daniel Loeb’s hedge fund Third Point, after buzzing around Sony for years, urged the conglomerate to continue selling off non-strategic assets, insisting that the media and entertainment businesses can “stand alone.” Loeb also commended Sony for strong returns in 2019 but said in a letter to…

There’s something about Hollywood that dazzles overseas investors — most recently led by those in China. But the $962 million write down that Sony took this morning for its entertainment unit should give them pause. Sony’s announcement contributed to a 3.5% drop today in its U.S. shares. And it revives painful…

Sony’s U.S.-traded shares touched a 52-week high this morning after CEO Kazuo Hirai reiterated his support for the entertainment business. He unveiled ambitious new revenue and profit targets—along with additional cost cutting—for the fiscal year ending March 2018. Entertainment “is an extremely important part of…

This the latest promotion for Nicole Seligman, who has become a formidable behind-the-scenes force at Sony since she was recruited by former CEO Howard Stringer to be the company’s general counsel after she repped Oliver North in the Iran-Contra hearings and President Bill Clinton when he was impeached. In her new…

CEO Kazuo Hirai just gave his movie, TV, and music enterprises a strong endorsement as he kicked off the company’s long-awaited investor briefing about the businesses. “I know that the whole of Sony is greater than the sum of its parts,” he says calling entertainment “a core part of Sony” that is “crucial to our…

The movie, TV and music operation plans to tell investors on Thursday that it has hired Bain & Co to find ways to cut $100M, a sum that “would almost assuredly result in layoffs,” The New York Times <a…

The CEO of Third Point says that George Clooney was “a little hyperbolic” in August when the actor — in an interview with my colleague Mike Fleming Jr — defended Sony Entertainment execs from the hedge fund manager’s attacks. Daniel Loeb just told The New York Times’ DealBook's Opportunities for Tomorrow Conference…

The company is telling analysts and investors to hold November 21 for a “Sony Entertainment Investor Day” to be held at the Sony Pictures Entertainment lot in Culver City. No word on why — or who’ll be there. But this appears to be a follow up to a promise that CEO Kazuo Hirai made last month to Third Point CEO Daniel…

Michael Lynton is the latest high-profile Hollywood name to join up with the USC School of Cinematic Arts. The CEO of Sony Entertainment has been appointed to the school’s Board Of Councilors, which deal with planning and development and maybe most importantly fundraising efforts. Lynton, who went to Harvard, joins…