Sony Corporation of America

  1. Sony Entertainment Spinout ‘Inevitable,’ Despite Claims to Contrary: Source

    May 14, 2013 1:48 PM EDT The idea of spinning out Sony Corp’s entertainment assets isn’t a new one. It’s been in the air at 550 Madison Avenue for several years, as the once-proud electronics giant lost market and mind share in the consumer electronics market to Sams ...

  2. 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 ...

  3. 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 ...

  4. 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 ...

  5. It's Official: Sony-Led Group Purchases EMI Music Publishing for $2.2 Billion

    November 11, 2011 6:38 PM EST It's official: An investment group led by Sony Corp. has signed a definitive purchase agreement to acquire EMI Music Publishing for $2.2 billion from Citigroup. In addition to Sony Corp. of America, the investment group is comprised of the es ...

  6. Sony/EMI Deal: Publishing Companies Would Remain Separate, But Managed by Sony

    November 11, 2011 4:05 PM EST While Citigroup and the Sony-led investment group are still working on the final wording for the purchase agreement so it can be signed, sources say that that Sony/ATV Music Publishing will manage the EMI publishing assets, but its own copyrights ...

  7. The Michael Jackson Factor: Sony's Music Revenues Down 10% In Fiscal Year, 13% in Fourth Quarter

    May 26, 2011 5:55 PM EDT Sony Corp's music division posted a revenue declined of 9.9% to $5.67 billion in the fiscal year ended March 31. At constant currency, which removes the impact of currency fluctuations, the decline was 5%. Sony's music division includes ...

  8. Sony Forecasts $975 Million Profit Despite Hacking, Earthquake, $3.2 Billion Loss

    May 26, 2011 7:26 AM EDT TOKYO - Sony forecast a return to profit for this fiscal year after sinking into its third straight year of red ink, hammered by the costs of massive online security breaches and the damage from a March quake and tsunami in northeastern Japan. Tok ...

  9. Michael Jackson, Susan Boyle Boost Sony Results

    May 13, 2010 12:00 AM EDT Sony Corp's Music division - including Sony Music Entertainment, Sony Music Entertainment Japan (SMEJ) and the 50% stake in Sony/ATV - reported a 35% year-on-year increase in sales to 522.6 billion yen ($5.6 billion) in the fiscal year ended ...

  10. Sony BMG Posts Fourth Quarter Numbers

    May 03, 2005 12:00 AM EDT Sony Corp. reports that Sony BMG Music Entertainment posted a fourth quarter net loss of $61.8 million on sales of $962 million for the three months ended March 31. Results for the joint venture inclu NEW YORK -- Sony Corp. reports that Sony BMG M ...

  11. Sony Music Entertainment Posts Fiscal-Year Profit

    April 27, 2004 12:00 AM EDT Sony Music Entertainment rebounded in the fiscal year ending March 31 with an operating profit of ¥19.0 billion ($175 million), following a ¥7.9 billion ($72 million) loss in the previous ye Sony Music Entertainment rebounded in ...