Kazuo Hirai

  1. 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 ...

  2. Sony CEO on Calls for An Entertainment Spin-Off: 'It Needs To Be Examined'

    June 20, 2013 4:56 AM EDT Sony CEO Kaz Hirai told shareholders at their annual meeting that entertainment is a vital part of the company, but that the board will consider the proposal from hedge fund Third Point to sell a 15 to 20% stake in the profit-making division. De ...

  3. Daniel Loeb Ups Sony Stake, Presses On for Entertainment IPO

    June 18, 2013 6:43 AM EDT Activist investor Daniel Loeb's hedge fund Third Point has slightly increased its stake in Sony Corp. as it continues to push for an IPO of the conglomerate's entertainment business. Loeb has sent a second letter to Sony CEO Kaz Hirai ...

  4. Tim Schaaff, Sony's President of Network Entertainment Int'l, Stepping Down

    November 08, 2012 10:05 AM EST The head of Sony Corp.'s Sony Network Entertainment International unit, Tim Schaaff, will step down at the end of the year, with Andy House taking on oversight of Sony's online platforms, which Schaaff has overseen, the company said Thur ...

  5. Sony Corp's Losses Grow, Cuts Earnings Forecast

    August 02, 2012 8:41 AM EDT TOKYO (AP) -- Sony's red ink worsened in the April-June quarter and it lowered its full-year earnings forecast as it battles a strong yen and declining sales of liquid crystal display TVs and video game machines. The Japanese electronics and ...

  6. 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 ...

  7. Sony Stock Dips Below 1,000 Yen, First Time Since 1980

    June 04, 2012 8:14 AM EDT TOKYO (AP) -- Sony's stock price fell below 1,000 yen Monday for the first time since 1980 in a symptom of weak global markets and the company's decline after huge success with the Walkman three decades ago. Battered by competition from ...

  8. 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 ...

  9. Sony Reports $463 Million Music Profit While Parent Corp. Posts Record $5.7 Billion Loss

    May 10, 2012 7:53 AM EDT TOKYO (AP) -- Sony Corp. racked up a record annual loss of 457 billion yen ($5.7 billion) in its fourth straight year of red ink as the once-glorious maker of the Walkman and PlayStation struggles toward a turnaround under a new president. Sony, h ...

  10. 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 ...

  11. 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 ...

  12. 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 ...

  13. 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 ...

  14. Sony's Kazuo Hirai to Replace Howard Stringer as CEO

    February 01, 2012 8:51 AM EST TOKYO (AP) -- Sony Corp. announced Wednesday that Kazuo Hirai, who leads the company's core consumer products business, will replace Howard Stringer as CEO and president as the electronics and entertainment company tries to turn around its fo ...

  15. 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," ...

  16. 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 ...

  17. Sony Headed for Fourth Straight Year in the Red, Reports $346 Mil. Quarterly Loss

    November 02, 2011 8:16 AM EDT TOKYO (AP) - Sony reported a 27 billion yen ($346 million) loss for the latest quarter and downgraded its annual earnings forecast Wednesday to stay in the red for the fourth year straight, battered by the strong yen and poor sales of flat panel T ...

  18. 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 ...

  19. 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 ...

  20. 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 ...

  21. 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 ...

  22. Sony To Launch New Online Service In 2010

    November 20, 2009 12:00 AM EST Sony Corp said on Friday (Nov. 20) that its planned entertainment content distribution service for network-compatible TVs and other devices will be launched next year. Sony plans to launch a new online service to distribute movies, music, books an ...