DualShockers: Shareholder Third Point LLC asked Sony with a letter on May 14th to sell 15-20% of the corporation’s entertainment business in order to redirect funds to improving the situation of the elelectronics business.
Today Sony responded with a letter, expressing an unanimous refusal from the Board of Directors, and outlining that the Board and management team strongly believe that continuing to own 100% of the Company’s entertainment businesses is fundamental to Sony’s success.
Sony's preorder routine is slightly different this time around.
With BMW, Sony Honda and Ram revealing EV plans, cars dominated CES 2023
According to a recent statement by Sony, it has sold out around 25 million PlayStation 5 consoles.
sony is going down as 1, which is respectable.
I wanna see how they get out of this one.
This is because the PlayStaion and Entertainment divisions (Sony BMG and Sony Pictures) are the ONLY Sony divisions actually making money. Sony Hardware divisions (Ericsson, Vaio, Bravia) have been tanking the past few years because they have not been keeping up with their competition (Apple, HP, and Samsung respectively).
The PlayStation division and Entertainment division have been picking up the slack. For Sony to sell off part of the very thing making them money would be a poor decision. They can't really sell off any of their hardware properties either as they exist only to maintain positions in those respective markets. Sony Hardware just needs to get off their high horse and start pricing competitively with their aforementioned competitors. It better to move product at a lesser profit than not move product at all at a high profit margin.
sony is actually gaining momemntum. ps3 is golden, ps4 will be golden, sony has stake in blueray, sony cell phone is selling good. Sony pictures with amaing spiderman is making tons of money. sony tv and laptops is the only thing they really have to work on a little.
this what happens when wall street gets involved...
I was hoping that they would split off their TV division, and few others, entirely.