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Film Flops Force Sony to Take $1Billion Writedown

February 1, 2017 by Ted 2 Comments

Sony's Movie Business is in TroubleSony Corps’ struggling film division, which hasn’t seen a major hit movie in a long while, has finally forced the company to take a writedown against third quarter earnings of a substantial $1 billion. The difficult decision was necessary to adjust or right-size the value of their operations and will mostly be booked against goodwill – to reset the value of the various film-related divisions.

Why is Sony CEO Hirai setting up an office in Culver City, California?… [Read more…] about Film Flops Force Sony to Take $1Billion Writedown

Filed Under: Asian Connection, Financial, Manufacturers, News, Tech Trends Tagged With: Blu-ray, DVD, Kazuo Hirai, movie business, Sony

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Ted Green Bio

A former dealer, installer, manufac-turer, distributor & more. With a focus on business strategy, my goal is to help you make better decisions for more success.

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