
LOS ANGELES — What will happen to Sony Pictures?
That has been a question in Hollywood since Kenichiro Yoshida took overas Sony Corporation’s chief executive in April. Unlike his two predecessors, Mr. Yoshida, a number-cruncher based in Japan and known for jettisoning underperforming businesses, seemed to have little affinity for the company’s also-ran movie and television division, which is best known as the home of Spider-Man and “Seinfeld.”
Surely this would be the moment for Sony to get rid of the midsize studio — especially since Rupert Murdoch had just decided to sell his bigger 20th Century Fox to Disney, having concluded it did not have the scale needed to compete with moviedom insurgents like Netflix, Apple and Amazon.
Surprise. When Mr. Yoshida takes the stage on Monday at the Consumer Electronics Show in Las Vegas, he plans to use the high-profile platform to showcase Sony movies, television shows and music. He plans to telegraph that not only will his Sony not exit any of these businesses, it will make them a priority as his predecessors have not. In particular, Mr. Yoshida wants to make better use of the company’s online PlayStation Network as a way to bring Sony movies, shows and music directly to consumers. PlayStation Network, introduced in 2006, now has more than 80 million monthly active users.
“I want to convey the message that Sony is a creative entertainment company,” Mr. Yoshida said by phone from Tokyo before leaving for Nevada. That description amounts to a significant shift. Sony has long been seen as a consumer electronics superpower first and a Hollywood entity second.
Sony’s Chief Plans to Make Entertainment Assets a Priority
Reviewed by audrinadaniels
on
January 06, 2019
Rating:


No comments: