Sony Pictures posted a profit of $3.7 million for the fiscal first quarter, which ran April to June, compared to a $68 million loss in the same period last year, Sony Corp. reported in Tokyo on Tuesday.
NEW YORK (AP) — Elizabeth Gabler, whose Fox 2000 produced acclaimed literary adaptations like “Life of Pi” and “Hidden Figures” before being axed in the aftermath of the Walt Disney […]
The CBS board has decided the company needs to get bigger, but merging with Viacom is not enough for Shari Redstone, who has voting control of both companies. If the CBS-Viacom deal gets done, Redstone’s National Amusements would like to move quickly with a second deal, the people said. Discovery Communications is interested in selling to CBS or a combined CBS-Viacom, according to two sources. Redstone is open to the idea, but would also consider buying other companies, including Sony Pictures and MGM.
Tony Vinciquerra, with a long TV track record but little experience in movies, will be guiding Sony’s entertainment business through a time of tectonic change.
Pivotal Research Group’s Brian Wieser’s generating a lot of buzz on Wall Street today with a report that makes the case for a deal. CBS chief Les Moonves has said he’s interested in Sony Pictures, although the Tokyo-based company says it’s not selling. Wieser finds it “difficult to imagine” that the struggling electronics giant would reject a serious offer for the studio, which doesn’t clearly fit with its other operations. He figures the studio could go for at least $10 billion.
