March 7, 1990 |
Michael P. Schulhof, vice chairman of Sony Corp. of America and the man who spearheaded Sony Corp.'s expansion into the U.S. entertainment business, is expected today to be named president of Sony USA Inc., the holding company for all of Sony's U.S. interests. He will relinquish his title at Sony Corp. of America but remain on the subsidiary's board of directors. Schulhof previously was deputy president of Sony USA.
January 10, 2003 |
Sony Corp. said it sold a record 5 million PlayStation 2 game consoles in November and December. Sony has sold 17.2 million PS2s in North America since the console was introduced in October 2000. Consumers also snapped up 1 million original PlayStation consoles at $49 apiece. Microsoft Corp., which makes a competing console called Xbox, and Nintendo Co., maker of the GameCube and the GameBoy Advance hand-held console, are expected to release holiday sales data next week. -- Alex Pham
April 17, 2003 |
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.
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.
February 14, 1998 |
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.
September 22, 2005 |
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.
September 24, 2004 |
Sony Corp.'s new slogan for its consumer electronics line was intended as a simple anthem to individuality: "Like No Other." Turns out, though, that the company's "marketing mantra" is like quite a few others. Haagen-Dazs ice cream is advertised as "Made Like No Other," Bloomingdale's is "Like No Other Store In the World" and a Riverside clothing manufacturer emblazons "Like No Other" on the front of a bikini thong.
May 7, 2004 |
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.