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TCL & Sony Execute a Definitive Agreement; TCL To Be Majority Owner of Sony Video & Audio Biz

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TCL partners with Sony to take over its TV & Audio business

‘Sony’s Home Entertainment Products Will Be Transferred to TCL’

In a huge deal between two power tech players – Japan’s Sony Corporation and China’s TCL Electronics Holding Limited – TCL is set to become the majority owner of Bravia, Inc., a new holding company that will consist of Sony’s TV and audio business units. It is a deal that may ripple through the industry, as other brands may seek to mimic Sony’s move to jettison its hardware properties in order to transform themselves into a more profitable software, content, and services company.

Learn more about TCL taking over Sony’s TV and audio businesses…

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Sony’s Strategic Shift From Hardware to Services Pays Off; It Now Projects Record Profits

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Like the hero in their anime movie Demon Slayer, Sony has blown away investors with their latest (and probably last) revision to their fiscal year net profit estimate. Announced on Wednesday, the company now says that it forecasts that it will set a new all-time record net profit for the fiscal year that ends in March. The major reason? A shift in focus away from hardware to services and content revenues and profits.

See more on this latest report from Sony…

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Proxy Adviser Tells Japanese Investors to Vote Out CEOs at Sony & Sharp

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Exterior of the Tokyo Stock Exchange
Tokyo Stock Exchange

We live in interesting times! In a news report out of Japan that is, shall we say, unusual – proxy investment advisory firm ISS is recommending that Japanese shareholders vote against the reelection of the top executives at both Sony Corp. and Sharp Corp. at upcoming annual shareholders meeting for the firms. Coming from the land of consensus and support for local brands, this news is quite surprising.

See more on ISS’s recommendation & the reason they suggest these execs must go… [Read more…] about Proxy Adviser Tells Japanese Investors to Vote Out CEOs at Sony & Sharp

Thanks Boys, We’ll Take It From Here; LG Says It’s Solved OLED Production Issue

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LG intros 55" OLED at CES 2012
LG introduces 55″ OLED at CES 2012

Just days after two major promoters of OLED, Samsung Electronics and Sony Corp., announced a pullback of their support due to serious production difficulties causing low panel yields and low profitability – word comes out of South Korea that LG Electronics has solved the puzzle on how to profitably produce OLED panels. And while their competitors are shifting their efforts back to 4k Ultra HD LCD TVs, LG is ready to ramp up a major commitment to OLED.

This could be good news indeed for fans of OLED technology…How did LG do it?… [Read more…] about Thanks Boys, We’ll Take It From Here; LG Says It’s Solved OLED Production Issue

Moody’s Cuts Sony’s Credit Rating Again; Now Just One Notch Above ‘Junk’

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Photo of Sony's make.believe logo
PHOTO: Reuters/Yuriko Nakao

The investment community remains unconvinced that new Sony Corp. CEO Kaz Harai is making meaningful headway in turning around the financial performance at the struggling tech manufacturer. And now Reuters is reporting out of Tokyo that credit rating agency Moody’s Investor Services has piled on with another downgrade of the company’s credit, placing it perilously close to “junk” status.

Why did Moody’s downgrade Sony again just one month after a previous downgrade? [Read more…] about Moody’s Cuts Sony’s Credit Rating Again; Now Just One Notch Above ‘Junk’