After 36 years Sony sets its Walkman aside February 18, 2015 Once-mighty Japanese tech giant Sony will spin off yet more of its business arms into separate subsidiaries this year, as it focuses on PlayStation, movies and music publishing for its growth. This time its iconic 36-year-old Walkman business, as well as its video-and-audio businesses, will join the already spun-off computer and TV divisions. Yesterday’s move [...]
Spider-Man’s Marvel return is a business win for both Sony and Disney – here’s why February 10, 2015 Marvel’s friendly neighbourhood Spider-Man is coming home. Sony Pictures and the Walt Disney company, which owns Marvel Studios, have agreed a deal to share the Spider-Man franchise. Despite being one of Marvel’s most iconic characters, the film rights to Spider-Man have belonged to Sony’s Hollywood division since it paid around $7m (£4.6m) [...]
Imagination picks former Sony Mobile chief Bert Nordberg as next chairman February 9, 2015 British microchip designer Imagination Technologies yesterday appointed Bert Nordberg as its new chairman. Nordberg, the former president and chief executive of Sony Mobile communications, will succeed Geoff Shingles, who is retiring on 20 March. “It is a great pleasure to welcome Bert to Imagination,” said Imagination’s Senior independent director David Anderson in a statement. “His [...]
Sony Pictures co-chief Amy Pascal steps down after North Korea hack February 5, 2015 Sony Pictures co-chief Amy Pascal is stepping down from the entertainment company just months after it was targeted by hackers causing one of the largest leaks of information in corporate history. The head of the movie studio is leaving to set up her own production company in the wake of the leaks which caused embarrassing [...]
Better outlook for beleaguered Sony as sales improve and losses fall February 4, 2015 Sony has improved its earnings forecast for the year to March 2015, with net loss set to be at ¥ 170bn (£96bn) for the period, compared to its previous estimate of ¥ 230bn (£1.3bn). The Japanese technology company said the 26 per cent decline was in part driven by a weaker yen, and in part by pleasing sales [...]
Sony postpones earnings following North Korea hack over The Interview film January 23, 2015 Yet another revelation has come from Sony in connection with a massive hacking of its computers. This time it's not celebrity secrets being spilled. The firm said it will delay publication of its third quarter results, which were due to be published on 16 February, after suffering a significant and high-profile cyber attack, thought to [...]
PlayStation 4 sales reach 18.5m worldwide to cheer Sony following cyber-attack January 6, 2015 The PlayStation 4’s popularity as a Christmas present this holiday season has pushed sales of the Sony games console to 18.5m worldwide. According to the company, around 4.1m units were sold over the period from 23 November to 4 January. Despite the well-documented problems plaguing other areas of the company, Sony will undoubtedly [...]
Sony Hack: Chief executive Kazuo Hirai breaks silence on “malicious” cyber-attack January 6, 2015 Sony's chief executive Kazuo Hiari yesterday broke his silence on the hacking scandal which has engulfed the company since November, at the International CES trade show in Las Vegas. In his first public comments on the cyber attack, Hiari said former and current employees of Sony were victims of "one of the most malicious cyber-attacks [...]
Sony Hack: North Korea calls US sanctions hostile and inflammatory January 4, 2015 North Korea has struck out at US sanctions imposed in the wake of the Sony Hack, calling them hostile and inflammatory. Last Friday the US placed restrictions on the renegade state after claiming it was North Korea that hacked electronics company Sony, stealing sensitive information including emails and films and posting them online.North Korea [...]
North Korea and Sony Pictures hack: The Interview will be screened on Christmas Day, after all December 23, 2014 The Interview, a film depicting the fictional assassination of North Korea's leader Kim Jong-un, will be screened in cinemas the day after tomorrow. Last week Sony Pictures decided not to go ahead and show its new comedy film on Christmas Day, following anonymous threats made against cinema-goers in the US. The US then [...]