entertainment empire: It is a sensible step toward simplifying the sprawl, according to Global Times China. The company, led by Kenichiro Yoshida, is known for its Play Station video games console, plus an expanding entertainment empire of box office hits like Venom, and a music catalogue that runs from Beyonc to the Backstreet Boys. The activist behind the hedge fund Third Point wants the 60 billion Japanese conglomerate to separate its chips business, among other things. Yet the Tokyo-based outfit has also quietly built up a semiconductors business. In the financial year that ended in March, the unit accounted for 16 percent of Sony's total operating profit of roughly 8 billion. It is now the world's top maker of image sensor chips, used mostly in smartphone cameras.
(news.financializer.com). As
reported in the news.
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