Sony and Paramount Sign Non-Disclosure Agreement Allowing Deal Talks To Start

The non-disclosure agreement comes two weeks after a Paramount’s monthlong exclusive negotiating window with David Ellison’s Skydance ended with no deal but the indie studio still hanging in, still interested. Sony and private equity giant Apollo kicked things off previously with a preliminary bid of $26 billion, but what’s being contemplated now is not that, but something narrower. A look at the books is necessary to move forward in any case.

 

Sony Said To Be Rethinking Its Bid For Paramount

QUARTERLY REPORT

Japan’s Sony Reports Surge In Profit On Strong Sales Of Movies, Games And Music

Tokyo-based Sony Corp.’s quarterly profit totaled 189 billion yen ($1.2 billion), up from 141 billion yen the year before. Quarterly sales for the maker of the PlayStation game machines rose 14% to 3.48 trillion yen ($22 billion).

Sony And Apollo’s Plan For Paramount: Break It Up

CBS and other well-known properties would be sold if Sony and Apollo were able to buy Paramount. But the new owners would keep the movie studio.

Paramount Will Negotiate With Sony & Apollo But Continue Skydance Talks

A special committee of the Paramount Global board decided at a meeting Saturday to begin talking with Sony and Apollo following the expiration of a month-long negotiating window with Skydance on Friday night.The committee met over the weekend to consider its approach to the preliminary $26 billion cash bid, including the assumption of debt, made jointly by the entertainment giant and global private equity film. But the David Ellison studio is still in the mix as Paramount seeks to continue those talks – just non-exclusively.

Sony, Apollo Make $26 Billion All-Cash Offer For Paramount

The offer comes as the exclusive negotiating window between Skydance and the entertainment giant is about to expire.

Sony In Talks To Join A Bid To Buy Paramount

The company and Apollo Global Management are discussing a joint effort, even as Paramount conducts exclusive merger negotiations with Skydance.

NAB Show: Haivision Announces Interoperability With Sony’s Cloud Production Platform, Creators’ Cloud Ffor Enterprise

Haivision Systems Inc., a global provider of mission-critical, real-time video networking and visual collaboration solutions, and Sony Corp. have successfully tested Haivision’s industry-leading video encoders, decoders and mobile video transmitters […]

NAB Show: Interra Systems Announces First-to-Market Support For Sony 360 Reality Audio

Interra Systems, a provider of end-to-end quality assurance solutions to the digital media industry, said today it will be the first company to integrate 360 Reality Audio, an immersive music […]

Sony’s Ci Media Cloud Introduces New Small And Medium-Size Business Offering And Enhanced Tools For Creative Workflows

Ci Media Cloud, a cloud-based media management and collaboration solution from Sony that allows users to capture, backup, review, transform, and run streamlined post-production workflows, has updated its offerings to […]

Sony Scraps $10B Zee Entertainment Merger In India

Sony spent over two years trying to close a deal to combine its sizable TV and streaming businesses in India with local giant Zee, but pulled out of the agreement on Monday.

Playstation Will Not Delete Discovery TV Shows After All

PlayStation will no longer be removing over 1,300 Discovery TV shows from its platform next month. Sony had previously announced that users would not be able to watch Discovery content on PlayStation after Dec. 31, even if they had already purchased it. However, the firm now says that due to an “updated licensing agreement” with Warner Bros. — which owns the Discovery brand — consumers will now be able to access their previously purchased shows “for at least the next 30 months.”

 

QUARTERLY REPORT

Profits Slip At Japan’s Sony, Hit By Lengthy Hollywood Strike

Tokyo-based Sony Corp.’s quarterly profit totaled 200 billion yen ($1.3 billion), down from 282 billion yen a year earlier. Quarterly sales rose 11% to 2.7 trillion yen ($18 billion), with gains in video games, image sensor and music operations and weakness in its financial and entertainment technology services.

BEST OF TALKING TV

Talking TV: How News Content Authentication Is Battling AI

In this repeat of the Talking TV episode from Aug. 18, Pia Blumenthal, design manager for the AContent Authenticity Initiative at Adobe and co-chair of the UX Task Force at the Coalition for Content, Provenance and Authenticity, explains how the proliferation of generative AI is making that job a lot harder. A full transcript of the conversation is included.

TVN TECH

ESPN Raises The AR/XR Bar In Bristol

A new ESPN facility in Bristol, Conn., has introduced dramatic new virtual set capabilities for the sports network, taking its production game to the next level. Pictured: Studio X, the SportsCenter set, showing the 45’ by 16’ LED “depth wall” that supports dynamic virtual production elements.

TVN TECH

Vendors Reenergized For NAB Show New York

The NAB Show New York looks to be gaining back its pre-COVID mojo with attendance on the upswing and vendors keen to meet with many clients who don’t make the springtime trip to Las Vegas.

TVN TECH

Riding The Cloud At KTDO

NBCUniversal Local’s Telemundo outlet in El Paso is the latest to move to the public cloud for newscast production.

TVN TECH

For TV Stations, IP Transition Moves At Tiptoe Pace

Technology executives from Fox Corp., Hearst Television, CBC, Sony and Florical told a TVNewsCheck webinar last week that the lack of a “trigger point” and a shortage of personnel experts in managing IT infrastructures are among the factors slowing down the pace of the industry’s IP transition.

Talking TV: How News Content Authentication Is Battling AI

Pia Blumenthal, design manager for the AContent Authenticity Initiative at Adobe and co-chair of the UX Task Force at the Coalition for Content, Provenance and Authenticity, is on the front lines against news disinformation. She explains how the proliferation of generative AI is making that job a lot harder. A full transcript of the conversation is included.

Warner Bros. Discovery Negotiating $500 Million Deal To Sell Film And TV Music Publishing Assets

While it is unclear exactly which assets are on the table, a source says that the rights to “slightly less than half” of the catalog, with a price of around $500 million, are likely to go to a major label, with Sony said to be in the lead.

TVN TECH

Data Dominates NextGen TV Conference

As ATSC marked its 40th anniversary at last week’s conference, conversations resoundingly turned to alternative uses for the NextGen TV spectrum including datacasting and PNT applications.

Sony’s Faith-Based Streaming Service Merges With Hallmark Rival Great American Media

TVN TECH

Broadcasters Put New Demands On Their Cameras

Broadcasters’ demands on cameras are increasing, from asking for IP readiness to standards flexibility and better control in multicamera environments. Vendors are answering the call. Pictured: Sony’s CNA-2 camera control network adapter.

Sinclair Cloud-Based Workflow Integrates Avid MediaCentral, Sony Electronics’ C3 Portal Gateway Service And Marquis Software

Sinclair Broadcast Group is deploying new cloud-based news and content gathering and production workflows by combining technologies from Avid, Sony and Marquis Broadcast. This new approach, Sinclair says, “leverages 5G networks […]

TVN TECH

As Field Connectivity Soars, Focus Shifts To Metadata

A Sinclair/Sony/Avid experiment aims to optimize news photographers’ field time by immediately logging metadata into cameras in the field, while Starlink and 5G rollouts continue to boost reliability in more remote scenarios. Above, Vislink’s MVP Streamur Live Streaming App in action, allowing reporters to broadcast into the production workflow using a mobile device.

Sony Sets CTV Live Streaming Deal With Vidgo

Sony and Vidgo today announced a new deal bringing Vidgo’s premiere streaming service to millions of Sony smart TV viewers across the nation. “56% of U.S. homes own a smart TV […]

TVN TECH

Fox Is Following Its IP Playbook For The Super Bowl

For Fox’s 10th Super Bowl in Glendale, Ariz., this Sunday, the broadcaster will integrate modular “flypacks” built for the FIFA World Cup along with new augmented reality graphics. Above, State Farm Stadium and the Fox pregame set (Christian Petersen/Getty Images).

Sony CFO To Lead Entertainment-Electronic Giant As President

Hiroki Totoki, Sony’s chief financial officer, will become its president and COO, Sony Corp. said in a statement Thursday. Kenichiro Yoshida remains chairman and chief executive, signaling continuity at the Tokyo-based maker of PlayStation game machines, Bravia TVs and Spider-Man movies. Also Thursday, Sony reported a 6% decline in net profit for the October-December quarter, at 326.8 billion yen ($2.5 billion).

Sony Electronics Offering Crystal LED BH- And CH-Series Displays

Sony Electronics is launching two scalable series of its Crystal LED premium displays. The BH-series (ZRD-BH12D and ZRD-BH15D) and the CH-series (ZRD-CH12D and ZRD-CH15D) are designed for corporations, retail environments and screening […]

TVN FOCUS ON JOURNALISM

CBS’s ‘On The Dot’ Makes Climate A Vehicle For Newscast Change

On the Dot with David Schechter, a new reporting brand from the CBS Local News Innovation Lab, aims to shake up the O&O’s local newscasts with longer-form, cinematically shot deep dives on climate change.

TVN TECH

In A Gadget-Light Year, CES Pitches A Connected, Mobile World

Broadcasters kept their focus largely on a NextGen TV narrative headed into this week’s CES in Las Vegas, where around 100,000 attendees are expected. Sinclair is discussing its own flurry of ATSC 3.0 developments, while the demise of pay TV service Evoca was one setback in the NextGen saga.

QUARTERLY REPORT

Japan’s Sony Ups Forecasts As Profits Grow

Tokyo-based Sony’s July-September profit totaled 264 billion yen, or $1.8 billion, up from 213 billion yen in the previous year, mainly on strong demand for its music and movies, prompting the Japanese entertainment and electronics giant to raise its annual sales and profit forecasts.

Sony Cameras Supporting Fox’s World Series Broadcasts

Starting Friday night, the Philadelphia Phillies will face off against the Houston Astros in Major League Baseball’s World Series on Fox. The network is deploying more than 40 of Sony’s […]

Sony Electronics’ HDC-F5500 Super 35mm 4K System Camera Adopted By Game Creek Video

Game Creek Video, a long-standing customer of Sony Electronics, has selected 10 of the company’s shallow depth of field HDC-F5500 system cameras with Super 35mm 4K CMOS global shutter image sensor and […]

Amazon Primed For ‘Thursday Night Football’ Tour

The fully remote production launches tonight with a new mobile fleet of 16 that’s producing the games in 1080p with High Dynamic Range with around 250 people onsite for each TNF game. (Courtesy of Prime Video)

TVN TECH

Slimmed-Down IBC Is Ready For Its Comeback

IBC’s first in-person event since 2019 may have fewer days and attendees than at its high-water mark, but vendors are packing their schedules with meetings and say they’re excited to be doing business in person again.

Sony Sees Profit Rise Despite Waning Interest In Video Games

Tokyo-based Sony Corp.’s April-June profit totaled 218 billion yen ($1.6 billion), up from 212 billion yen a year earlier, the Japanese electronics and entertainment company said Friday.

TVN TECH

Video Walls, Now Cheaper, Broaden TV’s Studio And Storytelling Prospects

Video walls are getting “bigger and bigger and cheaper and cheaper,” prompting wider adoption among broadcasters who are discovering a broad raft of storytelling and set design opportunities in their adoption. Above, FX Design Group delivered the set for KHON Honolulu, which includes a 3.9 pixel pitch video wall background that stretches nearly 33 feet long and just over 8 feet high.

Sony Ex-CEO Idei, Who Led Brand’s Global Growth, Dies

Nobuyuki Idei, who led Japan’s Sony from 1998 through 2005, died June 2 of liver failure. He was 84. Sony Chief Executive Kenichiro Yoshida said he and the company were indebted to Idei’s vision in preparing Sony for the Internet age.

QUARTERLY REPORT

Sony’s Profit Surges On Healthy Film, Game, Music Growth

Sony’s fiscal fourth quarter surged 67% to 111.1 billion yen ($852.7 million) from the previous year, as the Japanese entertainment and electronics company racked up profits in video game and movie divisions, the company said Tuesday.