Sony Corp.

  1. Sony Stock Tumbles in Tokyo Amid Earthquake Fallout

    April 18, 2016 8:42 AM EDT Sony Corp. shares fell 6.8 percent in Tokyo on Monday, hurt by earthquake damage to an image sensor plant on the southern island of Kyushu. The fallout from two earthquakes late last week and the strengthening of the Japanese yen, which hurts expo ...

  2. Nintendo's Shift to Mobile Buoys Stock

    March 17, 2015 4:29 PM EDT Mario is jumping to a new platform, namely mobile devices not made by Nintendo Co. The announcement on Tuesday triggered a 27% pop in the Japanese game giant's U.S. stock, which gained $3.93 to close at $18.22 in over-the-counter trading. Nin ...

  3. Sony to Launch Virtual-Reality Headset in 2016

    March 04, 2015 8:36 AM EST Sony plans on putting its virtual-reality headset on consumers' noggins next year. The gaming and electronics company announced Tuesday at the Game Developers Conference that its VR system nicknamed Project Morpheus will debut in the first ha ...

  4. Morning Fix: Yusef Lateef, Jazz Legend, Dead at 93; Billy Joel Added to 'Dick Clark New Year's Rockin' Eve'; Tribune to Buy Gracenote for $170M; 'Beyonce' Nears 1M U.S. Sales

    December 24, 2013 7:00 AM EST Get the Morning Fix Delivered To Your Inbox HERE YUSEF LATEEF, JAZZ LEGEND, DEAD AT 93 Yusef Lateef, a Grammy-winning jazz musician, has died. He was 93 He was one of many musicians to come out of the Detroit jazz scene in the '40s and ' ...

  5. Sony Entertainment Touts Financial Discipline, Announces Reduced Film Slate

    November 21, 2013 1:13 PM EST Michael Lynton also lauds the studio's work with big-name talent, such as Will Smith and Adam Sandler, while Amy Pascal says the firm is reducing its number of summer movies next year from nine to four after this year's crowded tentpole ...

  6. 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 ...

  7. 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 ...

  8. Elvis Presley Estate Bid In Second Round, Sony Corp. and G2 Investment Group Among Expected Suitors

    August 14, 2013 8:24 PM EDT The auction for Core Media’s packaged estates of Elvis Presley and Muhammad Ali is now in the second round as bids are landing at the the Raine Group, the investment bank running the auction for Core Media. The New York Post reported that bids w ...

  9. Biz Stock Ticks: This Week's Entertainment Indices 8/5-8/9

    August 09, 2013 3:45 PM EDT       .Biz Stock Ticks: This Week's Entertainment Indices Biz Stock Ticks looks at publicly traded entertainment stock prices over the last week by Apple, Best Buy, Facebook, Google, Live Nation, Pandora, Sony, Sirius, TransWorld and Sony - ...

  10. Former Jackson Family Manager and Lawyer Sues Sony Music

    June 25, 2013 4:54 AM EDT While the Jackson family’s trial against AEG continues, a former lawyer and manager for the Jacksons on Monday filed a new lawsuit demanding at least $10 million from Sony Music Entertainment for royalties from music created prior to 1983. Rich ...

  11. 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 ...

  12. Sony One-Ups Microsoft With $399 PlayStation 4 Price at E3

    June 11, 2013 1:04 AM EDT Sony Corp. drew cheers Monday night when it announced the price of its upcoming PlayStation 4 console at the annual E3 video game convention in Los Angeles. At $399, the PlayStation 4 will be $100 less expensive than Microsoft Corp.'s nex ...

  13. 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. ...

  14. Apple, Universal Music Group Reach Agreement for iRadio Service: Report

    May 09, 2013 10:14 PM EDT Universal Music Group has agreed to license its songs to Apple Inc.'s proposed iRadio streaming service, according to the Financial Times.  With the largest record company in the bag, the Cupertino, California, hardware company now only nee ...

  15. Sony Corp Reports Q4 Profit, Music Sales Are Flat

    May 09, 2013 7:10 AM EDT Sony Corp. is back in the black for its fiscal fourth quarter, recording a 93.9 billion yen ($948 million) profit, with big help from a weaker yen that boosts overseas earnings. The Japanese electronics and entertainment company also dragged its ...

  16. IMPALA, Indies Ask EC to Investigate Sony-BMG's Parlophone Bid

    January 11, 2013 7:17 PM EST Independent music companies have raised concerns about a plan by Sony Corp. and Bertelsmann music venture BMG to bid for former EMI label Parlophone, arguing an acquisition would give the music giants, particularly Sony, too much market power. V ...

  17. Exclusive: Rob Wiesenthal Out at Sony/ATV, Heading to Warner Music

    December 20, 2012 10:38 AM EST Rob Wiesenthal, President of Sony/ATV's international business, is leaving the world's no.1 music publisher to join Len Blavatnik's Warner Music Group as chief operating officer/corporate, WMG said on Thursday. Wiesenthal, a Sony Co ...

  18. Deals to Watch in 2013: AEG, Live Nation, EMI Divestments, More

    December 14, 2012 7:00 AM EST As the year comes to a close, some big deals are still up in the air; and others appear to be waiting in the wings. • The auction for AEG, Anschutz Entertainment Group, which owns more than 100 arenas including Los Angeles' Staples Center and ...

  19. Morning Fix: WMG Realignment; Elections' Impact on Music Biz; Tim Schaaf Leaving Sony; Azoff Speaks Out

    November 08, 2012 8:20 AM EST Head HERE to subscribe to Billboard's Morning Fix and other free music-business news letters WARNER MUSIC REALIGNS STRUCTURE; CAMERON STRANG GETS BIG BOOST: Warner Music is restructuring and dividing itself into 3 divisions: frontline recorde ...

  20. Morning Fix: Katy Perry Named Woman of the Year; Lyor Cohen Speculation; Maybach Music Tour

    September 26, 2012 7:43 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters. KATY PERRY NAMED BILLBOARD WOMAN OF THE YEAR: Billboard has announced that Katy Perry will accept its coveted Woman of the Year Award at the 2012 Billboard Women in Music ...

  21. Michael Jackson's Mijac Music Catalog Moves to Sony/ATV

    August 20, 2012 10:43 AM EDT Sony/ATV Music Publishing, which is a joint venture between Sony Corp. and the estate of Michael Jackson, will take over worldwide administration of Michael Jackson's Mijac Music Catalog, which has been handled by Warner/Chappell Music Publis ...

  22. Sony Music's Quarter: A Closer Look

    August 02, 2012 6:22 PM EDT Sony Corp.'s music operations -- which consist of three separate companies, Sony Music Entertainment, Sony/ATV Music Publishing and Sony Music Entertainment (Japan) -- experienced a drop in sales and income as the music category posted 7.3 bi ...

  23. 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 ...

  24. 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 ...

  25. 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 ...

  26. Business Matters: Triton Media Helping Pandora Seem More Like a Radio Company

    May 21, 2012 5:48 PM EDT By Acting More Like Radio, Pandora Can Sell Advertising Pandora Media will become a successful Internet radio service by acting more and more like a radio company. In order to be a radio company, you need to use metrics common in the radio busines ...

  27. 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 ...

  28. Business Matters: Is Music Still Core to Sony Corp's Mission?

    April 12, 2012 5:25 PM EDT Music May Be Losing Significance to Sony Sony Corp. wants to revitalize its electronics business, but how will it use music to get there? The company announced a transformation plan Thursday that includes shedding 10,000 jobs , or 6% of its global ...

  29. 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 ...

  30. 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 ...

  31. 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 ...

  32. 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 ...

  33. Sony/ATV Names Rob Wiesenthal President of International

    March 29, 2012 3:20 PM EDT Rob Wiesenthal has been named president of international at Sony/ATV Music Publishing, the company announced today. Wiesenthal, who was formerly executive VP/CFO at Sony Corp. of America and chief strategy officer for Sony Entertainment, will be b ...

  34. Sony/ATV Offers Unspecified Concessions to European Union in EMI Music Publishing Deal

    March 27, 2012 3:49 PM EDT BRUSSELS (AP) - A group of investors led by Sony has offered concessions to the European Union to get approval for its deal to buy part of iconic British music company EMI, the bloc's competition regulator said Tuesday. Sony/ATV, a joint vent ...

  35. Martin Bandier Signs Long-Term Contract To Remain Chairman/CEO of Sony/ATV

    March 19, 2012 8:29 AM EDT Martin Bandier has signed a long-term contact extension to remain as chairman and CEO of Sony/ATV Music, according to the company. Terms of the deal were not disclosed. In the five years since joining Sony/ATV, the company said Bandier had grown t ...

  36. Business Matters: Can Spotify Catch iTunes in Two Years? The Numbers Behind Sean Parker's Prediction

    March 16, 2012 10:20 PM EDT Can Spotify Catch iTunes in Two Years? The Numbers Behind Sean Parker's Prediction -- Sean Parker, entrepreneur and investor (in Spotify and other companies) predicted at SXSW that Spotify, at its current growth rate, will overtake iTunes wit ...

  37. Walmart Launches Disc To Digital Service

    March 14, 2012 8:03 AM EDT LOS ANGELES (AP) -- Wal-Mart pledged to help introduce Hollywood's emerging online movie locker system to its customers, many of whom have never owned anything digital in their lives. People who own DVDs or Blu-ray discs from five participati ...

  38. Backbeat: Paul McCartney Honored at MusiCares Grammy Event, Performs for a Galaxy of Stars and Execs

    February 11, 2012 7:35 PM EST Sir Paul McCartney performing onstage during the 22nd Annual MusiCares Benefit Gala Honoring Paul McCartney at the Los Angeles Convention Center. (Photo: WireImage) Few events bring out more music industry executives than the annual MusiCares Pers ...

  39. 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 ...

  40. Billboard Power 100: Doug Morris

    January 27, 2012 10:00 AM EST No. 5 Doug Morris CEO Sony Music Entertainment Renaissance Man... Critics cackled last year about Sony Corp.'s choice of septuagenarian Doug Morris as CEO of the second-largest major-label group. But what those naysayers failed to realize is ...

  41. Billboard Power 100: Hartwig Masuch

    January 26, 2012 8:00 PM EST No. 44 Hartwig Masuch CEO BMG Rights Management Twitter: @bmgrm The Rights Stuff... Private equity powerhouse Kohlberg Kravis & Roberts invested in Bertelsmann's BMG Rights Management division in 2009 to form a publishing joint venture th ...

  42. Billboard Power 100: John Branca

    January 26, 2012 7:48 PM EST No. 72 John Branca Partner Ziffren Brittenham The King of Pop's King of Legal Attorney John Branca has represented the Rolling Stones, the Beach Boys, the Doors, Fleetwood Mac and more. And he's been involved in significant music busines ...

  43. Billboard Power 100: Martin Bandier

    January 26, 2012 5:50 PM EST No. 4 Martin Bandier Chairman/CEO Sony/ATV Music Publishing The Publisher... S ince taking the helm of Sony/ATV Music Publishing in April 2007, Martin Bandier transformed the once-sleepy major publisher into a contender for every big deal that com ...

  44. 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," ...

  45. 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 ...

  46. CES 2012: Here's What The Music Biz Will Be Watching For

    January 09, 2012 9:00 AM EST The International Consumer Electronics Show in Las Vegas, long the go-to event for the tech and mobile industries, is increasingly becoming a magnet for music-based services and media companies. With many of this year's announcements expected ...

  47. 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 ...

  48. 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 ...

  49. Morning Heds: Frampton Sues A&M, Sony Sells LCD TV Biz, Cee-Lo Goes Gold Without An Album

    December 27, 2011 6:41 AM EST Royalty suits filed vs. labels Variety On Friday, singer-guitarist Peter Frampton sued A&M Records, a unit of Universal Music Group , claiming he was paid a fraction of what he was due for downloads of his '70s hits. Sony Sells LCD Ventur ...

  50. Sony Corp. USA To own 38% of EMI Music Publishing, No Official Word on Staffing

    November 11, 2011 8:46 PM EST Sony Corp. USA will own 38% of EMI Music Publishing and provide management oversight for the EMI music publishing operations. That's the word from Rob Wiesenthal, the executive VP/CFO at Sony Corporation of America. "We are providing ope ...

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