On the heels of Sony CEO Kaz Hirai stepping down , industry experts estimate the company’s film and television assets could be headed for sale. Hirai stepped down earlier this week to make way for Chief Financial Officer Kenichiro Yoshida to take over.
The CFO, who will now succeed Hirai, is reportedly “not too keen” on the entertainment business, fueling fire to speculations about Sony being ready for a sale. According to a report on Deadline, Sony’s stock surged 6 percent at $51.99 amid speculations about a potential sale of its entertainment assets which include profiting assets Spider-Man and
Ghostbusters.
While there is no official information about the shift in corporate strategy under Yoshida, reports indicate Sony will be looking at opportunities to grow its film and television business, whether through acquisition or merger. However, there has not been any discussion of a sale.
Sony might sell off TV, film business including ‘Spider-Man’, ‘Ghostbusters’: Report
The CFO, who will now succeed Hirai, is reportedly “not too keen” on the entertainment business, fueling fire to speculations about Sony being ready for a sale. According to a report on Deadline, Sony’s stock surged 6 percent at $51.99 amid speculations about a potential sale of its entertainment assets which include profiting assets Spider-Man and
Ghostbusters.
While there is no official information about the shift in corporate strategy under Yoshida, reports indicate Sony will be looking at opportunities to grow its film and television business, whether through acquisition or merger. However, there has not been any discussion of a sale.
Sony might sell off TV, film business including ‘Spider-Man’, ‘Ghostbusters’: Report
