Sony

Sony "terminated" on Monday the $10-billion merger of its Indian operations with local rival Zee Entertainment that would have created a new streaming giant in the world's most populous nation.

The joint entity with mooted annual revenue of $2 billion would have helped both firms better compete with Disney, Amazon and Netflix in the entertainment market of 1.4 billion people.

Japanese electronics giant Sony yesterday upgraded its annual sales and net profit forecasts, driven by strength in its music business and favorable foreign exchange rates.

The conglomerate said its annual net profit for the year to March 2024 should reach 860 billion yen ($6.0 billion), up from a previous estimate of 840 billion yen.

Sony upgraded its annual net profit forecast yesterday, saying it expects strong results in its key gaming sector as the weak yen inflates profits on products sold abroad.

The Japanese electronics and entertainment giant said net profit in the April-December period jumped five percent year-on-year to 809 billion yen ($6.3 billion).

New Sony horror film "The Invitation" topped the North American box office this weekend despite extremely weak ticket sales of just $7 million, industry watcher Exhibitor Relations reported on Aug. 28.

Bob Dylan sold his entire back catalog of recorded music along with "the rights to multiple future new releases" to Sony Music Entertainment, the company announced on Jan. 24, the latest high-profile deal of the recent music rights purchasing rush.

Japanese entertainment giant Sony on May 22 unveiled a $1.9-billion deal to buy industry titan EMI Music Publishing, which has the rights to songs by the likes of Queen and Pharrell Williams.

Japanese electronics giant Sony is marking the year of the dog by bringing back to life its robot canine, packed with artificial intelligence and internet capability.

Hacking attacks that destroy rather than steal data or that manipulate equipment are far more prevalent than widely believed, according to a survey of critical infrastructure organizations throughout North and South America.
   

This is the incredible story of a Bulgarian, who fled prosecution, then emigrated to the US, became Vice President of Sony International and eventually ended up winning a Grammy award.

Sony Pictures Entertainment co-chair Amy Pascal, whose embarrassing emails were leaked in a hack attack on the Hollywood studio blamed on North Korea, is stepping down, the company said Feb. 5.