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BUSINESS
January 10, 2003 | Alex Pham
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
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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.
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.
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