Andre Yoskowitz
1 Nov 2007 19:58
Sony Pictures Entertainment is currently looking to sell over 50 percent of their digital and animation divisions which could sell for up to 500 million USD.
Sony Pictures Animation which is best known for movies such as "Open Season" and "Surf's Up" and Sony Pictures Imageworks, which is famous for its effects in the "Spider-Man" trilogy should be worth most of that value.
The company hopes to have one investor as it believes both businesses are "very closely linked." The company also believes both divisions can expand into video games given the right investor.
A Sony spokesperson told the NYTimes that the company was "open to exploring equity partnerships, and it's no surprise that there is market interest in our visual effects and animation businesses."
Source:
GI.biz