Sony Regulatory Framework

1786 Words8 Pages

One of the most famous and well known brands in electronics media is Sony, Sony is Japanese multinational conglomerate. Its diversified business include consumer and professional electronics, gaming, entertainment and financial services. Sony is one of the leading manufacturers of electronic products for the consumer and professional markets.

Sony was founded on 7 may 1946 by Masaru Ibuka Akio Morita and has its headquarters in Minato, Tokyo, Japan with a net income of USD$ 656 million in 2017 it is one of the most important players worldwide in its respective businesses.

of the world 's largest media conglomerates with revenue of $77.20 and 167.900 of employees It is one in FY2010.
…show more content…
On November 8, 1989, Sony completed the acquisition by a "short-form" merger of its wholly owned subsidiary Sony Columbia Acquisition Corporation into CPE under Delaware law. Sony also completed a tender offer for shares of common stock of the Guber-Peters Entertainment Company on November 6, 1989 and acquired the company on November 9, 1989. The acquisition cost Sony $4.9 billion ($3.55 billion for shares and $1.4 billion of long-term debt) and was backed (financed) by five major Japanese banks Mitsui, Tokyo, Fuji, Mitsubishi and Industrial Bank of Japan. The company was renamed Sony Pictures Entertainment on August 7,…show more content…
In April, Sony Pictures arranged a film financing deal worth $200 million with LStar Capital, the credit venture of Lone Star Capital and Citibank, half in debt and the other in equity to fund most of SPE 's film slate for several years. SPE was originally considering a $300 million deal with Blue Anchor Entertainment, led by Bloom Hergott partner John LaViolette and former investment banker & producer Joseph M. Singer, and backed by Longhorn Capital Management and Deutsche Bank, which was held up by regulatory matters.
On February 6, 2014, Columbia TriStar Warner Filmes de Portugal Ltda., a joint venture with Warner boss which distributed films from both companies in Portugal, announced that they will close their offices on March 31. Sony Pictures films are distributed in Portugal by Big Picture Films since then.
As a result of reevaluating the assets of the motion pictures and television productions businesses.Sony recorded a $962 million non-cash goodwill impairment charge in SPE in the third quarter of

More about Sony Regulatory Framework

Open Document