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Author Topic:   Sony
indiedan
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posted December 03, 2002 07:10 PM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
$2.75 billion worldwide at the box office. I would call that a good year.

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jpgordo
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posted January 09, 2003 07:27 PM     Click Here to See the Profile for jpgordo   Click Here to Email jpgordo     Edit/Delete Message   Reply w/Quote
Tommy Mottola... out.
http://story.news.yahoo.com/news?tmpl=story&u=/ap/20030109/ap_on_en_mu/sony_mottola_resigns_4

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NEWSFLASH
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posted February 26, 2003 10:32 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Ending speculation that former Disney Studios chief Joe Roth would take over as head of Sony Pictures, the film studio announced Tuesday that 72-year-old John Calley had extended his contract as chairman and CEO for two years. Under Calley's watch, Sony has become the most successful studio in Hollywood history, earning a record $3 billion in worldwide ticket sales last year.

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NEWSFLASH
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posted March 11, 2003 10:39 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Sony chief Nobuyuki Idei says that his company is looking to Silicon Valley for a way to build a television set that will combine the functions of a PC "but also keep it simple to operate." In an interview with Tony Perkins, editor-in-chief of the now defunct Red Herring, for his Always On website, Idei said that Sony had met with Apple Chairman Steve Jobs in January, March and June of last year "to try to work out a mutual strategy." However, Idei added: "You know Steve. He has his own agenda. Although he is a genius, he doesn't share everything with you. This is a difficult person to work with if you are a big company. We started working with them, but it is a nightmare." Sony's U.S. head, Howard Stringer, who sat in on the interview, interjected: "We are also rivals, and trying to get together would frankly be a waste of time."

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NEWSFLASH
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posted March 18, 2003 11:23 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Sony is closing its German local language film production unit.

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NEWSFLASH
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posted March 28, 2003 10:25 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Sony Music is laying off 1,000 employees.

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NEWSFLASH
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posted April 01, 2003 10:35 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Howard Stringer, chairman and CEO of Sony Corporation of America, was named vice chairman of Sony on Monday. The onetime president of CBS News will retain his position as head of Sony's U.S. division.

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NEWSFLASH
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posted April 24, 2003 04:58 PM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Tough quarter for Sony.
http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1048313985523&p=1012571727085

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indiedan
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posted April 28, 2003 10:27 AM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
While Sony may have won the top two positions at the box office, there was little good news for the company elsewhere. After Sony predicted that its revenues would plummet by some 30 percent in the year ahead, investors dumped their holdings in the company sending shares down 15.5 percent. The shock reverberated throughout the Tokyo market, with the stock of other electronics manufacturers taking a similar beating. By closing time in Tokyo, the Nikkei average had dropped to a 20-year low.

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indiedan
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posted May 05, 2003 10:54 AM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
Sony of America Chairman and CEO Howard Stringer plans to impose a series of significant cost reductions at Sony Films, including the reining in of fat deals with stars and producers, the New York Times reported Sunday, citing unnamed film industry executives. Stringer has also told Sony Films marketing managers to review their budgets, and other studios are being courted to help finance films that Sony might have produced on its own last year, the Times reported. It quoted two executives as saying that the cost-cutting plans are intended to insure an operating profit of more than $300 million this year, even though the company has no blockbuster like Spider-Man on its current docket.

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posted May 28, 2003 09:06 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Investors are expecting Sony Chairman Nobuyuki Idei, at a board meeting on Wednesday, to outline specific plans for using the Internet to tie together its electronic products -- TV sets, computers, music systems, and videogame players -- with its software -- movies, records, and games, Bloomberg News reported today (Tuesday). With Sony shares holding at a seven-year low, "investors won't be happy with just talk based on vague business ideas anymore," Hisashi Sueoka of S.G. Yamaichi Asset Management Co. told Bloomberg.

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posted June 05, 2003 10:33 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
An Indian soap opera about a Hindu and a Muslim girl who were switched at birth and learn of their original religious identity when they become 21 has touched off an uproar in India. Both religious groups became outraged over the catch line of the show, Identity Will Be Lost (Nam Gum Jayega in Hindi): "Are you ready to change your religion?" IANS, the Indo-Asian News Service, reported today (Thursday), saying that Hindu protesters had torn down posters in Ahmedabad and Muslim protesters had torn them down in Vadodara. Sony Entertainment Television, which produces the soap, said that it had decided to change the catch phrase "so as not to cause hurt to any religious feelings." It will now be, "Are you ready to change?"

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posted June 12, 2003 10:51 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Demonstrating Japanese studios' inherent suspicion of Hollywood studios, even one displaying the banner of Sony, officials at Tezuka Productions have said that they have obtained controlling rights in the production of a U.S. live-action version of Astro Boy, the long-running animated kids show. In an interview with the Asahi Shimbun, Takayuki Matsutani, president of Tezuka, said that he and his colleagues were shocked at the way Sony recreated Godzilla in its $125-million epic in 1998 as a totally unsympathetic monster. "No way did we want a repetition of that," Matsutani told the newspaper. Under the deal, he said, Teszuka has the right to approve the look and character of Astro Boy and allows it to make script revisions at three different stages of the preproduction. He said he would insist that Astro Boy not be turned into "a mindless automaton" and that he wanted assurances that the film would portray the essence of the series' message -- that one day humanity will coexist with a machine civilization. Meanwhile, Sony has announced that a new Astro Boy TV series has been picked up by Kids WB! Tezuka said that it has budgeted more than $250,000 for each of 26 episodes, which the company said was three times the cost of most animated shows. It is due to debut in early 2004.

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posted July 01, 2003 10:27 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Marvel Enterprises has filed a second lawsuit against Sony Corp. -- this time targeting its electronics division, which it says has blocked efforts by its sibling movie division to license the Spider-Man brand for electronic games. Marvel said that under its contract with Sony Films, it was not able to license the Spider-Man brand to consumer electronics companies without getting the movie unit's written permission to do so. It also said that at one point Sony Electronics agreed to license the Spider-Man brand itself but then backed out of the deal.

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posted July 24, 2003 11:00 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Sony Pictures Entertainment's inability to produce films in the first quarter of this year that could attract the huge audiences that its films did in the same quarter a year ago, contributed to the overall plunge in corporate profit to $9.3 million from $480 million, a drop of 98 percent. Sony Pictures posted a loss of $20.1 million for the quarter versus a profit of $78 million last year. Also on Monday, AOL Time Warner reported that its profit increased to $1.1 billion in its second quarter from $396 million a year ago. It acknowledged, however, that its AOL online division saw the departure of 846,000 customers. Viacom said that its second-quarter profit rose to $659.6 million, from $546.5 million in 2002.

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