Open main menu

Sony Entertainment, Inc. is a global entertainment company established in 2012. It focuses on most of Sony's motion picture, television and music businesses. It is a subsidiary of the Japanese Sony Corporation, managed by Sony's American hub, Sony Corporation of America.[1]

Sony Entertainment, Inc.
Subsidiary of Sony Corporation of America
IndustryFilm
Television
Music
Founded2012; 7 years ago (2012)
HeadquartersNew York City, United States
Area served
Worldwide
Key people
Kaz Hirai
(Chairman)
Kunimasa Suzuki
(Executive Vice President)
OwnerSony Corporation of America
ParentSony Corporation
SubsidiariesSony Pictures Entertainment
Sony Music Group
Websitewww.sony.com/SCA/index.shtml

In terms of revenue, as of 2019, it is currently the world's 6th largest entertainment company at $14.1B, alongside The Walt Disney Company ($55.13B), Comcast (inc. NBC Universal $33B), AT&T (inc. WarnerMedia $31.27B), Bertelsmann (€17.96b/$20.30b), Vivendi (€13b/$14.70b), CBS Corporation ($13.69B), and Viacom ($13.26B).

HistoryEdit

On March 30, 2012, Michael Lynton, co-chairman and CEO of Sony Pictures Entertainment (SPE), was named as CEO of Sony Corporation of America to oversee all of Sony's global entertainment businesses and Nicole Seligman, Executive Vice President and General Counsel of Sony Corporation, was named as president.[2] On April 9, 2013, Lynton renewed his contract with the company.[3]

On February 18, 2016, Seligman resigned after 15 years working for Sony and remained with the company until the end of March.[4]

On January 13, 2017, Lynton announced that he was stepping down as CEO of Sony Entertainment and chairman and CEO of Sony Pictures Entertainment to be chairman for Snap Inc.[5][6] He was later replaced by Anthony Vinciquerra on June 1, 2017 after he was named as chairman/CEO of SPE.[7]

It was reported in December of 2016 by multiple news outlets that Sony was considering restructuring its U.S. operations by merging its TV & film business, Sony Pictures Entertainment, with its gaming business, Sony Interactive Entertainment. According to the reports, such a restructuring would have placed Sony Pictures under Sony Interactive's CEO, Andrew House, though House wouldn't have taken over day-to-day operations of the film studio.[8][9][10] According to one report, Sony was set to make a final decision on the possibility of the merger of the TV, film, & gaming businesses by the end of its fiscal year in March of the following year (2017).[8] However, judging by Sony's activity in 2017, the rumored merger never materialized.

On July 17, 2019, Sony announced that they will merge Sony Music Entertainment and Sony/ATV Music Publishing to form the Sony Music Group. The merger was finalized on August 1, 2019.[11]

CompaniesEdit

ReferencesEdit

  1. ^ "Sony Pictures Worldwide Acquistions Takes All International Rights On Brett Haley's Hearts Beat Loud". Sony Pictures Entertainment. January 19, 2018. Retrieved 3 August 2019.
  2. ^ MICHAEL LYNTON NAMED CEO OF SONY CORPORATION OF AMERICA; NICOLE SELIGMAN TO BECOME SCA PRESIDENT sonypictures.com, Retrieved on February 16, 2016
  3. ^ Michael Lynton Re-Ups As CEO Of Sony Entertainment deadline.com, Retrieved on February 16, 2016
  4. ^ Sony's Seligman Quits U.S. Business in Another High-Profile Exit Anousha Sakoui bloomberg.com, Retrieved on February 19, 2016
  5. ^ Mike Flemming, Jr., Anita Busch, and David Lieberman "Deadline" Michael Lynton Is Out As CEO Of Sony Entertainment deadline.com, Retrieved on August 13, 2017
  6. ^ Michael Lynton Exits Sony Pictures Entertainment to Become Chair of Snapchat James Rainey variety.com, Retrieved on August 13, 2017
  7. ^ Anita Busch "Deadline" Tony Vinciquerra Named Chairman/CEO Of Sony Pictures Entertainment Replacing Outgoing Exec Michael Lynton deadline.com, Retrieved on August 13, 2017
  8. ^ a b Aldrich, Rachel (12 December 2016). "Why would Sony merge its gaming and film units?". TheStreet.
  9. ^ Atkinson, Claire (12 December 2016). "Sony considers merging gaming and film divisions". New York Post.
  10. ^ Cooke, Chris. "Revamp of Sony's entertainment business could more closely align Sony Music with Sony/ATV | Complete Music Update".
  11. ^ "Sony Corp. Restructures Music Division, Brings Recorded Music, Sony/ATV Publishing Together Under Rob Stringer". Billboard. Retrieved 2019-07-22.

External linksEdit