💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Sony Pictures removes three presidents to flatten structure

Published 02/06/2018, 03:17 PM
© Reuters.  Sony Pictures removes three presidents to flatten structure
SONY
-
  • Sony (SNE +4%) is shaking up ranks at its entertainment unit as part of an ongoing effort to streamline management, raising new questions about whether the company would consider selling its media operations.
  • Three president-level execs are let go: international channels chief Andy Kaplan, chief TV marketing officer Sheraton Kalouria and home entertainment head Man Jit Singh.
  • Sony Pictures TV Chairman Mike Hopkins will oversee international channels, while Sony Pictures TV President of Distribution Keith Le Goy will take on home entertainment and have a dual report to Hopkins and Sony Motion Picture Group Chairman Tom Rothman.
  • SPE Chairman/CEO Tony Vinciquerra, installed on top of the entertainment group last spring, has looked to reduce what he thinks is a top-heavy studio.
  • The moves follow last week's news that Sony CEO Kazuo Hirai would move on to the chairman's role, replaced by current Sony CFO Kenichiro Yoshida.
  • Now read: Sony: A Strong Buy At Unjustified Low TTM P/E


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.