- 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