Recent headlines | YouTube Premium starts showing ads to subscribers 1

AfterDawn > News > Sony might sell animation and digital studios

Sony might sell animation and digital studios

Written by Andre Yoskowitz @ 01 Nov 2007 7:58 User comments (9)

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

<New music service to use Facebook and iTunes >Sony starts aggressive PlayStation 3 and Blu-ray campaign

Previous Next

9 user comments

11.11.2007 23:01

ogryzek

Send private message to this user

Member

Somebody is bleeding money... Something tells me that they do not make decent ROI on their Blueray and Cell processor endeavors.

One or two dismal quarters and maybe mighty Sony will refocus on the costumer needs.

22.11.2007 00:28

Mr-Movies

Send private message to this user

Senior Member

Are digital sudios simular to Digital Studio's? Shame on me just was funning with you DVDBack23...

I think BD is doing pretty well but you never know you could be right on the money ogryzek.

32.11.2007 00:37

DVDBack23

Send private message to this user

Staff Member

Originally posted by Mr-Movies:
Are digital sudios simular to Digital Studio's? Shame on me just was funning with you DVDBack23...

I think BD is doing pretty well but you never know you could be right on the money ogryzek.

Wow, thank you sir, typo has been fixed :)

42.11.2007 06:40

BIGnewb

Inactive

putting out a new format is costly actually so its no surprise and toshiba are also in a situation where they need to make money elsewhere to sponsor their format.whoever loses the format war,will lose everything($$$).

52.11.2007 07:20

ZippyDSM

Send private message to this user

AfterDawn Addict

Originally posted by BIGnewb:
putting out a new format is costly actually so its no surprise and toshiba are also in a situation where they need to make money elsewhere to sponsor their format.whoever loses the format war,will lose everything($$$).

I would not say that, I think sony could survive the loss, its funny that they are selling off so much tho, if they made a few billion off some movies then why bother selling off so little()it only amounts to 1 or 3 billoin)?

63.11.2007 21:00

Mr-Movies

Send private message to this user

Senior Member

As you are well aware of Zippy, Sony's only issue isn't just the BD format war, they have screwed up in almost every market they compete in, with exception to their TV's probably. My assumption is that they are heavy in management and short on common sense which seems to be a common business issue these days. Look at how PS3's have gone, the root kit issue, and so on... You can't keep making big mistakes with out it catching up with you eventually.

73.11.2007 21:05

ZippyDSM

Send private message to this user

AfterDawn Addict

Originally posted by Mr-Movies:
As you are well aware of Zippy, Sony's only issue isn't just the BD format war, they have screwed up in almost every market they compete in, with exception to their TV's probably. My assumption is that they are heavy in management and short on common sense which seems to be a common business issue these days. Look at how PS3's have gone, the root kit issue, and so on... You can't keep making big mistakes with out it catching up with you eventually.

LOL
No wonder the discions for the PS3 have been shtty....

812.11.2007 16:22

borhan9

Send private message to this user

AfterDawn Addict

If they made soo much off the spiderman movies then why would u be selling it...

912.11.2007 23:30

ZippyDSM

Send private message to this user

AfterDawn Addict

Originally posted by borhan9:
If they made soo much off the spiderman movies then why would u be selling it...

because its not just the games depo hurting.

Comments have been disabled for this article.

Latest news

	YouTube Premium starts showing ads to subscribers (13 Nov 2024 3:09) For years, YouTube Premium has been marketed as a way to enjoy an ad-free YouTube experience. But apparently, that is no longer the case, as Premium subscribers are now starting to see ads on the platform. 1 user comment
	Android 16 will launch sooner than expected (01 Nov 2024 6:45) Google announced that upcoming Android 16 will break the traditional once-a-year cycle of major Android launches. Next Android is poised to launch in Q2 of 2025, so Android 16 should ship before end of June, 2025.
	Winamp ends its "open source" project that wasn't really open source (20 Oct 2024 11:12) Less than a month after the legendary MP3 player Winamp made its source code public, the company has made a sudden U-turn and removed its code from distribution. 2 user comments
	Winamp released its source code - but didn't go open source (25 Sep 2024 12:38) The source code of Winamp has now been officially released. However, it hasn't become a pure open-source project, as its licensing terms prohibit the creation of new, different versions.
	Does your phone rattle? Here's why it happens (25 Aug 2024 8:30) When you shake your phone and hear a light rattle, clatter, or jingle, it's likely not broken. The culprit is probably the optical image stabilization (OIS) system in your phone's camera, meaning everything is functioning as it should. 2 user comments

Reviews

	Roborock S8 MaxV Ultra review - obstacle avoidance doesn't work as it should, otherwise almost perfect robot vacuum We put the Roborock S8 MaxV Ultra through a very, very long review process. The $1800 mopping robot vacuum is almost perfect, but its obstacle avoidance was surprisingly bad, considering the price - and compared to its competitors.
	Sharge x OnePlus Pouch review: Beautiful power bank that supports SuperVOOC charging In our review, we take a look at Sharge's power bank that supports OnePlus SuperVOOC quick charging technology as well as standard USB PD charging. It has small design flaws, but despite those, the Pouch is very nice product. 1 user comment
	Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.

Guides

	Does your phone rattle? Here's why it happens When you shake your phone and hear a light rattle, clatter, or jingle, it's likely not broken. The culprit is probably the optical image stabilization (OIS) system in your phone's camera, meaning everything is functioning as it should. 2 user comments
	What IP rating for dust and water resistance means An IP classification (such as IP68) is given to mobile phones, Bluetooth speakers, and other devices, but what do these classifications mean? 1 user comment
	GUIDE: Wi-Fi speeds are slow? Here are some tips Having problems with Wi-Fi speed and stability at home? Here are some tips to follow to alleviate the issues. 1 user comment
	Guide: Phone battery drains quickly - how to fix (iPhone / Android) In this guide, we go through the most typical reasons for rapid battery drain with phones, and look at potential reasons or solutions.
	What happens if you don't update Android? Sometimes it can be tempting to avoid updating to a new Android version. What happens if you decide to delay major updates to the OS?

Sony might sell animation and digital studios

9 user comments

Latest news

Reviews

Guides

News archive

Subscribe

Sections:

Follow us: