Bad news for Sony.


by EgonSpengler86

13 years, 4 months ago


http://finance.yahoo.com/family-home/article/112989/brands-disappear-2012-247
1. Sony Pictures
Sony has a studio production arm which has nothing to do with its core businesses of consumer electronics and gaming. Sony bought what was Columbia Tri-Star Picture in 1989 for $3.4 billion. This entertainment operation has done poorly recently. Sony's fiscal year ends in March, and for the period, revenue for the group dropped 15% to $7.2 billion and operating income fell by 10% to $466 million. Sony is in trouble. It lost $3.1 billion in its latest fiscal year on revenue of $86.5 billion. Sony's gaming system group is under siege by Microsoft (NASDAQ: MSFT - News) and Nintendo. Its consumer electronics group faces an overwhelming challenge from Apple. The company's future prospects have been further damaged by the Japan earthquake and the hack of its large PlayStation Network. CEO Howard Stringer is under pressure to do something to increase the value of Sony's shares. The only valuable asset with which he can easily part is Columbia which would attract interest from a number of large media operations. Sony Entertainment will disappear with the sale of its assets.
This might mean Spider-Man and Ghost Rider may revert back to Marvel. Of course if that happens we will probably not see a Spider-Man or ghost rider movie till 2014 or later which will suck. Unlike some people I liked Ghost Rider. It also might mean no ghostbusters 3.

by ghostbusters2131

13 years, 4 months ago


Egon, for a moment, pretend that I don't know anything about economy, finance or business and just tell me what the hell is going on.

by mrpecker2

13 years, 4 months ago


EgonSpengler86;171457
Of course if that happens we will probably not see a Spider-Man or ghost rider movie till 2014 or later which will suck. Unlike some people I liked Ghost Rider.

They're already filming both of those movies, so you don't have to worry about that…

by EgonSpengler86

13 years, 4 months ago


Ghostbusters213;171460
Egon, for a moment, pretend that I don't know anything about economy, finance or business and just tell me what the hell is going on.
They are losing Columbia Pictures. The article says by March of 2012 Columbia pictures will cease to exist.

by ghostbusters2131

13 years, 4 months ago


EgonSpengler86;171462
They are losing Columbia Pictures. The article says by March of 2012 Columbia pictures will cease to exist.

Damn… I just read a similar article on Proton Charging… another rock in the highway for GB3.