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Sony Pictures Brand Predicted to Disappear in 2012

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Sony Pictures Brand Predicted to Disappear in 2012

Post by LornaDoone on Thu Dec 29 2011, 03:19

Given that George moved to Sony from Warner's I thought this prediction by online site 24/7 Wallstreet was interesting.


24/7 Wall St. Ten Brands That Will Disappear In 2012

Posted: June 22, 2011 at 4:39 am


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 on revenue of $86.5 billion.

Sony’s gaming system group is under siege by Microsoft (NASDAQ: MSFT) 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.


Read more: 24/7 Wall St. Ten Brands That Will Disappear In 2012 - 24/7 Wall St.
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Last edited by LornaDoone on Thu Dec 29 2011, 03:23; edited 1 time in total (Reason for editing : Changed link to correct page in article)

LornaDoone
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Re: Sony Pictures Brand Predicted to Disappear in 2012

Post by it's me on Thu Dec 29 2011, 09:24

not good

no no not good

better to have more then a few choice
a bit of alternative
IMO

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Re: Sony Pictures Brand Predicted to Disappear in 2012

Post by it's me on Thu Dec 29 2011, 09:26

so more people loosing job....
or they will be absorbed elsewhere?

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Re: Sony Pictures Brand Predicted to Disappear in 2012

Post by Katiedot on Thu Dec 29 2011, 15:04

I'd guess if Sony/Columbia gets sold then everyone kind of goes with the new buyers but sure, some could well lose their jobs depending on what the new buyers want.

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Re: Sony Pictures Brand Predicted to Disappear in 2012

Post by it's me on Thu Dec 29 2011, 15:10

Noooo!

it's me
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Re: Sony Pictures Brand Predicted to Disappear in 2012

Post by Katiedot on Thu Dec 29 2011, 16:39

I wouldn't worry too much about George's deal at Sony. I suppose that would be taken over if Sony gets sold and his contract would have to be honoured or bought out. In any case, he still makes films with other studios even now so it's not like he's contractually obliged to work exclusively for Sony.

If I've understood this right, he can make films with anyone he wants, it's just that Sony would get first refusal and I assume some cut of anything he does elsewhere? I'm not well versed in this so anyone here who knows more, please jump in!

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Re: Sony Pictures Brand Predicted to Disappear in 2012

Post by it's me on Thu Dec 29 2011, 16:42

yes
thanks

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Re: Sony Pictures Brand Predicted to Disappear in 2012

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