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Sony Corp

BUSINESS
April 17, 2003 | From Bloomberg News
Sony Corp. said a lawsuit filed by comic books publisher Marvel Enterprises Inc. over licensing rights to the "Spider-Man" movie franchise should remain confidential, according to court papers. Marvel, the publisher of "Spider-Man" and "X-Men," in February filed a lawsuit under seal against Sony and announced the move in a news release. Two newspapers, Daily Variety and the Daily Journal, asked the court to make the filing public.
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BUSINESS
July 28, 1991
Boeing Co. said it has given a $100-million, 15-year contract to a Sony Corp. unit here that will develop a passenger stereo system for the Boeing 777 airliner that has compact-disc sound quality. The contract is the first time Boeing has enlisted Sony to develop an entertainment system that will be a standard part of its aircraft. Sony Trans Com, which has 350 employees in Irvine, normally makes passenger entertainment systems that are customized for each airline.
BUSINESS
February 14, 1998 | Bloomberg News
Sony Corp.'s proposed $1-billion combination of its theater operations with Cineplex Odeon Corp. faces close scrutiny from U.S. antitrust authorities, according to a regulatory filing. Sony's Loews Theatres and Cineplex disclosed that the Justice Department on Nov. 14 issued a request for more information about their plans to create one of North America's dominant movie theater chains. That action, under U.S.
WORLD
September 22, 2005 | From Associated Press
Sony Corp. said today that it would cut 10,000 jobs globally, slash its number of factories and reduce costs by $1.8 billion in an ambitious restructuring bid to revive its stumbling electronics business. The Japanese company, under new management since March, said it expected a group net loss of $90 million this fiscal year because the plunging prices of consumer electronics products have taken a hefty toll on earnings.
BUSINESS
May 7, 2004 | James Bates and Claudia Eller
Sony Corp. has been given an exclusive window to evaluate Metro-Goldwyn-Mayer Inc. in more detail, with an eye toward a possible acquisition of the studio, sources said. Under an agreement reached Thursday, Sony would have 15 business days from the time it receives the proprietary information from MGM -- notably about DVD distribution -- without competition from other suitors. Sony demanded exclusivity before proceeding further. Time Warner Inc.
BUSINESS
May 28, 2004 | From Times Staff Reports
Sony Corp. and its partners want more time to negotiate exclusively with Metro-Goldwyn-Mayer Inc. about a possible acquisition of the Los Angeles studio, sources said. The two sides were discussing extending their talks, with Sony seeking two additional weeks after its exclusive 15-day negotiating period expired Thursday, sources said. The sources added that no announcement was imminent about the deal.
BUSINESS
March 29, 1995 | Times Staff and Wire Reports
Sony Suggests New Flexibility on CD Video Format: Sony Corp.'s incoming president, Nobuyuki Idei, said it is still possible that the company and its rivals will agree on a format for a new type of compact disc that can store feature-length movies. "There are many ways for a solution. We're talking about business--we're not fighting just to fight," said Idei, who takes his new post April 1.
BUSINESS
May 21, 2004 | From Reuters
Sony and Nintendo, gearing up to launch hotly anticipated hand-held gaming devices, face a shortage of key parts, which could crimp profits and sales of the rival products when they hit stores this year. Nintendo Co.'s dual-screen hand-held, DS, and Sony Corp.'s PlayStation Portable come with all the bells and whistles of a modern game machine, which is good news for gamers but potentially bad for the two companies.
BUSINESS
May 1, 2003 | From Bloomberg News
Sony Corp.'s credit rating may be cut by Moody's Investors Service, which said the consumer electronics maker may take longer than expected to regain its past profitability. Moody's placed Sony's Aa3 long-term unsecured senior debt rating under review for a possible cut. The rating is the fourth highest of Moody's 10 investment-grade levels. Sony's Prime-1 rating is unaffected, Moody's said in its report. The review affects about $10.7 billion in combined yen and dollar debt, Moody's said.
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