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Sony Entertainment

From Wikipedia, the free encyclopedia

Sony Entertainment, Inc. is an American global entertainment company established in 2012. It focuses on Sony's motion picture, television, and music businesses.

In terms of revenue, as of 2017, it is currently the world's 7th largest entertainment company at $14.1B, alongside The Walt Disney Company ($55.13B), NBCUniversal ($33B), WarnerMedia ($31.27B), 21st Century Fox ($28.50B), Bertelsmann (€17.96b/$20.30b), Vivendi (€13b/$14.70b), CBS Corporation ($13.69B), & Viacom ($13.26B).

History

On March 30, 2012, Michael Lynton, co-chairman and CEO of Sony Pictures Entertainment (SPE), was named as CEO of Sony Corporation of America to oversee all of Sony's global entertainment businesses and Nicole Seligman, Executive Vice President and General Counsel of Sony Corporation, was named as president.[1] On April 9, 2013, Lynton renewed his contract with the company.[2]

On February 18, 2016, Seligman resigned after 15 years working for Sony and remained with the company until the end of March.[3]

On January 13, 2017, Lynton announced that he was stepping down as CEO of Sony Entertainment and chairman and CEO of Sony Pictures Entertainment to be chairman for Snap Inc.[4][5] He was later replaced by Anthony Vinciquerra on June 1, 2017 after he was named as chairman/CEO of SPE.[6]

It was reported in December of 2016 by multiple news outlets that Sony was considering restructuring its U.S. operations by merging its TV & film business, Sony Pictures Entertainment, with its gaming business, Sony Interactive Entertainment. According to the reports, such a restructuring would have placed Sony Pictures under Sony Interactive's CEO, Andrew House, though House wouldn't have taken over day-to-day operations of the film studio.[7][8][9] According to one report, Sony was set to make a final decision on the possibility of the merger of the TV, film, & gaming businesses by the end of its fiscal year in March of the following year (2017).[7] However, judging by Sony's activity in 2017, the rumored merger never materialized.

Companies

Sony Pictures Entertainment

Film

Television

Sony Music Entertainment

Sony/ATV Music Publishing

References

  1. ^ MICHAEL LYNTON NAMED CEO OF SONY CORPORATION OF AMERICA; NICOLE SELIGMAN TO BECOME SCA PRESIDENT sonypictures.com, Retrieved on February 16, 2016
  2. ^ Michael Lynton Re-Ups As CEO Of Sony Entertainment deadline.com, Retrieved on February 16, 2016
  3. ^ Sony's Seligman Quits U.S. Business in Another High-Profile Exit Anousha Sakoui bloomberg.com, Retrieved on February 19, 2016
  4. ^ Mike Flemming, Jr., Anita Busch, and David Lieberman "Deadline" Michael Lynton Is Out As CEO Of Sony Entertainment deadline.com, Retrieved on August 13, 2017
  5. ^ Michael Lynton Exits Sony Pictures Entertainment to Become Chair of Snapchat James Rainey variety.com, Retrieved on August 13, 2017
  6. ^ Anita Busch "Deadline" Tony Vinciquerra Named Chairman/CEO Of Sony Pictures Entertainment Replacing Outgoing Exec Michael Lynton deadline.com, Retrieved on August 13, 2017
  7. ^ a b Aldrich, Rachel (12 December 2016). "Why would Sony merge its gaming and film units?". TheStreet.
  8. ^ Atkinson, Claire (12 December 2016). "Sony considers merging gaming and film divisions". New York Post.
  9. ^ Cooke, Chris. "Revamp of Sony's entertainment business could more closely align Sony Music with Sony/ATV | Complete Music Update".

External links

This page was last edited on 7 March 2019, at 07:43
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