Sony shares nosedive as investors question fundraising drive

Jul 1, 2015

Sony shares nosedive as investors question fundraising drive

Sony Corp.’s plan for its first share sale in 26 years is straining investors’ faith in Chief Executive Officer Kazuo Hirai’s ability to deliver on growth promises. The company plans to raise about ¥440 billion ($3.6 billion) by selling common stock and convertible bonds ...

Sony bosses to give up bonuses for fourth year straight

May 14, 2015

Sony bosses to give up bonuses for fourth year straight

Sony Corp. President Kazuo Hirai and seven other corporate executive officers will give up their bonuses for the fourth consecutive year to take responsibility for the company’s massive loss for fiscal 2014, company sources said Thursday. The eight executives, including Executive Deputy President and ...

Sony chief Hirai breaks silence, condemns 'vicious' hacking

Jan 6, 2015

Sony chief Hirai breaks silence, condemns 'vicious' hacking

Sony chief Kazuo Hirai on Monday spoke publicly for the first time about the cyberattack that derailed the launch of the comedy “The Interview,” calling the assault “vicious and malicious.” Hirai thanked supporters who stood by the company, including employees and moviegoers who saw ...

What if 'The Interview' had been made in Japan?

Jan 1, 2015

What if 'The Interview' had been made in Japan?

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It couldn’t happen here — that was my first takeaway from the massive cyberattack on Sony Pictures Entertainment prompted by the Seth Rogen and James Franco comedy “The Interview.” In the film, the two heroes journey to North Korea ostensibly to interview its real-life ...

Sony to buy Britain's CSC media group in TV network push

Jun 26, 2014

Sony to buy Britain's CSC media group in TV network push

Sony Corp.’s movie and TV unit will snap up Britain’s CSC media network, adding to a string of acquisitions designed to shift its focus from movies to higher-margin television programing. Sony Pictures Television, the company’s TV programing and network unit, said on Thursday it ...

Sony CEO apologizes for another steep loss

Jun 19, 2014

Sony CEO apologizes for another steep loss

Sony Corp. Chief Executive Officer Kazuo Hirai apologized to investors Thursday after the maker of PlayStation consoles and Xperia smartphones projected a sixth loss in seven years. “Sorry that we failed to meet shareholders’ expectations,” Hirai said at the company’s annual meeting in Tokyo. ...

Media eyes trend-setting Sony's loss of momentum

| May 31, 2014

Media eyes trend-setting Sony's loss of momentum

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Let’s travel back 62 years. On the evening of Dec. 4, 1952, after NHK radio signed off its regular AM programming, an announcer proclaimed: “Tokyo Tsushin Kogyo and NHK now commence a joint experimental stereo broadcast.” In principle, stereophonic sound reproduction requires separation of ...