Sony’ film business is set to contribute to just 8% of the company’s operating income this fiscal year.
May 22, 2017
‘Sony Corp. CEO Kaz Hirai said there was increased urgency for profitability from movies, but again emphasized the company’s commitment to its pictures unit at a corporate strategy meeting at its Tokyo headquarters on Tuesday.
Speculation that the Japanese conglomerate could be looking to sell Sony Pictures Entertainment (SPE) has continued after the recent appointment of Tony Vinciquerra as its new CEO, though Hirai has repeatedly stated his commitment to the struggling unit.’