RUMOR MILL
Back to Rumor Mill >
Thursday, March 29, 2001

SONY GOES GLOBAL

Entertainment, Internet Grouped Under One Fire-Breathing, House-Stomping Management Team

Sony announced that it will group its electronics, games, entertainment, Internet and financial operations under a single management team, according to Bloomberg.

The group, given the important-sounding name Global Hub, will oversee the workings of Sony's Internet operations, including planning and will be led by Sony Chairman Nobuyuki Idei, President Kunitake Ando and Chief Financial Officer Teruhisa Tokunaka.

Last year, Sony shares lost almost half their value. As a result, the company has been pursuing a strategy of making products able to be linked in a network. Sony has promoted its PlayStation 2 video game console as a home server, which will eventually be able to receive music, movies and games delivered over the Internet.

"We're hoping to boost profit by linking more appliances and hardware while keeping our electronics business as our core operations," Ando said.

 
BACK TO RUMOR MILL
 
TORTURED POETS UNITE: TAYLOR IS BACK
Is she ever. (4/19a)
Check It Out Now
HITS LIST ENTERS
PLAYOFF MODE
Will the scoring record be broken? (4/19a)
Check It Out Now
SONG REVENUE: CALM BEFORE THE STORM
J. Cole has his moment; Future-Metro have another big payday. (4/19a)
Check It Out Now
WARNER CHAPPELL ROPES IN RED CLAY STRAYS
Another big get for Guy and Carianne (4/19a)
Check It Out Now
THE COUNT: COACHELLA, FROM THE COUCH
The coziest way to experience the fest (4/19a)
Check It Out Now
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions