Kazuo Hirai

  1. Sony Posts $196 Million Quarterly Loss

    October 31, 2013 10:18 AM EDT The "White House Down" flop added to earnings woes at Sony Corp. in the latest quarter, dragging the entertainment and electronics giant to a 19.3 billion yen ($196 million) loss. The action movie's lackluster box office, especial ...

  2. Sony CEO Kazuo Hirai Says Daniel Loeb Helped Put Spotlight on Entertainment Assets (Report)

    September 19, 2013 10:38 AM EDT In one of his first public comments since r ejecting a proposal by activist shareholder Dan Loeb to spin off part of Sony Corp.'s entertainment business, CEO Kazuo Hirai said Thursday that the initiative was "actually a good thing.&quo ...

  3. Third Point's Daniel Loeb Calling for Sony To Spin-off Entertainment Business

    May 14, 2013 7:20 AM EDT Hedge fund manager Daniel Loeb, who previously pushed for corporate changes at Yahoo, has called on Sony Corp. to spin off or sell a stake in its entertainment operations, the New York Times reported , citing people familiar with the situation. ...

  4. Updated: Sony-Led Group Closes Purchase of EMI Music Publishing

    June 29, 2012 10:54 AM EDT The Sony Corp. of America led investor consortium completed its acquisition of EMI Music Publishing today, just hours after the Federal Trade Commission issued a statement saying it closed its antitrust investigation of the $2.2 billion deal -- wh ...

  5. Kazuo Hirai, New Sony CEO/President, Meets Fear, Hope at Shareholder Meeting

    June 29, 2012 9:01 AM EDT TOKYO (AP) -- The record 9,000 shareholders that packed Sony's annual meeting was no cause for celebration. After four years of losses and a halving of the share price, some angry investors doubt even a new CEO can pull the entertainment and ...

  6. Sony Closes Indiana Distribution Center, Lays Off 226

    May 15, 2012 1:23 PM EDT Sony's layoffs keep piling up, as the company has plans to cut 226 jobs from its closing Fishers, Ind. distribution center, according to the Indianapolis Star . Sony CEO Confirms 10,000 Job Cuts, Reorganization The center is scheduled to shut ...

  7. Sony CEO Confirms 10,000 Job Cuts, Reorganization

    April 12, 2012 8:06 AM EDT Faced with mounting losses, Sony Corp. said Thursday it will slash 10,000 jobs , or about 6 percent of its global workforce, and try to turn around its money-losing TV business over the next two years. New CEO and President Kazuo Hirai outlined hi ...

  8. Sony Doubles Red Ink Forecast to $6.4 Billion, Worst Loss Ever

    April 10, 2012 7:56 AM EDT TOKYO (AP) - Sony Corp. more than doubled its projected annual loss to 520 billion yen ($6.4 billion), its worst red ink ever, due to a massive tax charge. With new CEO Kazuo Hirai at its helm, the Japanese electronics company said Tuesday it expe ...

  9. Sony to Cut 10,000 Jobs Worldwide: Report

    April 09, 2012 7:51 AM EDT Sony Corp. will cut about 10,000 jobs worldwide over the next year as it tries to return to profit, Japanese news reports said Monday. The Nikkei business daily and other media said Sony's decision to slash 6 percent of its work force comes a ...

  10. It's Official: Michael Lynton Named CEO of Sony Corp. of America, Nicole Seligman President

    March 29, 2012 3:49 PM EDT Sony Corp. made it official Thursday: Michael Lynton has formally been named CEO of Sony Corp. of America and Nicole Seligman will become president. The promotions will become effective June 27. Lynton will remain chairman and CEO of Sony Pictures ...

  11. Michael Lynton Expected to Become CEO of Sony USA: Sources

    March 21, 2012 3:54 PM EDT Sony Pictures Chairman & CEO Michael Lynton is expected to become CEO of Sony Corporation of America, as part of current Chairman/CEO/President Sir Howard Stringer's hand-off of his responsibilities on April 1. As previously reported, Str ...

  12. Will Smith, Barry Sonnenfeld, Kelly Clarkson Headline Sony CES Event

    January 10, 2012 8:01 AM EST LAS VEGAS -- Will Smith and director Barry Sonnenfeld showed up in Las Vegas on Monday for Sony's Consumer Electronics Show press conference, which included a sneak peek at their upcoming Men in Black 3. "We have a fantastic movie," ...

  13. Business Matters: Music Streaming Gets An Assist from Live Sports

    January 09, 2012 8:47 PM EST Music Streaming Gets An Assist from Live Sports -- ESPN and Slacker picked a good time to launch live streaming of ESPN audio shows and sporting events on the Slacker platform. The live broadcasts starts on Jan. 9 with the BCS Championship game be ...

  14. 2012's Consumer Electronics Show Biz Blog

    January 09, 2012 7:29 AM EST Jan 13, 2012 | Blog Post CES 2012: 8 Cool Things Andrew Hampp, Las Vegas The music industry was all over Las Vegas this week, from Will Smith and Kelly Clarkson at Sony's presentation, Justin Timberlake's cameo at MySpace's TV annou ...

  15. Is Kazuo Hirai Succeeding Howard Stringer as President of Sony Corp?

    January 09, 2012 7:15 AM EST Sony's deputy president Kazuo Hirai will succeed Howard Stringer as president of Sony Corp. as early as April, according to Japan's largest business newspaper, Nikkei . Hirai, the officer in charge of consumer products & services bus ...

  16. Sony CEO Howard Stringer Sees 16% Pay Cut

    June 29, 2011 8:12 AM EDT NEW YORK - Sony Corp. chairman and CEO Howard Stringer's compensation for the fiscal year ended in March declined 16 percent to 345 million yen ($4.27 million) as the entertainment and electronics conglomerate posted its third straight year o ...

  17. Sony Unveils PlayStation 'Vita' at E3

    June 07, 2011 7:35 AM EDT LOS ANGELES - Sony Corp. on Monday took the wraps off its next generation portable gaming machine, PlayStation Vita, a touch-interface and motion-sensitive handheld that outdoes its workhorse PlayStation Portable and will go on sale before the win ...

  18. Sony PlayStation Begins Network Operations Following Massive Security Breach

    May 16, 2011 7:49 AM EDT Sony began restoring its PlayStation Network service in the United States and Europe on Sunday after shutting down the service almost a month ago due to a massive security breach affecting over 100 million online accounts. Restored operations are ...

  19. Sony Execs Apologize for Network Security Breach, Promise to Improve Security

    May 01, 2011 12:38 PM EDT Sony executives apologized Sunday for a security breach in the company's PlayStation Network that caused the loss of personal data of some 77 million accounts on the online service. "We deeply apologize for the inconvenience we have caus ...

  20. Kazuo Hirai Emerges as Sony Corp's Successor to CEO Howard Stringer

    March 10, 2011 7:27 AM EST Sony appears to be lining up Kazuo Hirai, current head of its gaming division, as the replacement for Howard Stringer, its 69-year-old current CEO, as it announced a corporate reorganization Thursday. The Network Products Services division, which ...