March 17, 2014 |
Layoffs are underway at Sony Pictures Entertainment, the Sony Corp.-owned film and television studio that vowed late last year to significantly reduce its overhead. The cuts, which began Monday and will continue this week, include employees at divisions throughout the studio, according to a source with knowledge of the matter. The layoffs were felt at the studio's Culver City headquarters and at international offices. Among the divisions said to be deeply affected by the staff reductions is Sony Pictures Interactive, the studio's digital marketing arm. "We are continuously evolving the business to make SPE more efficient and competitive," Sony Pictures spokesman Charles Sipkins said in a statement. PHOTOS: Behind the scenes of movies and TV At an investors conference in November, Sony Pictures executives outlined $250 million in budget cuts that were already underway.
August 8, 1991 |
The famous torch lady of Columbia Pictures Entertainment Co. got a new moniker Wednesday as the board unanimously voted to rename the company Sony Pictures Entertainment. The name change is designed to lessen confusion between the parent company and its two subsidiaries--Columbia Pictures and Tri-Star Pictures. It also raises the profile of Sony Inc., the Japanese electronics giant that acquired Columbia for $3.4 billion in 1989.
December 10, 2003 |
Former Walt Disney Co. executive Michael Lynton is expected to be named chief executive of Sony Pictures Entertainment, sources familiar with the situation say. At the same time, Amy Pascal, who heads Columbia Pictures, will be promoted to chairwoman of Columbia TriStar Motion Picture Group, the sources say. Lynton and Pascal would run the studio in partnership, both reporting to New York-based Sony Corp. of America Chairman and CEO Howard Stringer.
CALIFORNIA | LOCAL
September 30, 2012 |
What's 94 feet tall, more than 100,000 pounds and made of steel? Well, in Culver City it's … a rainbow. Sony Pictures Entertainment plans to unveil a towering $1.6-million rainbow art installation Monday, a massive mix of colors that the town's mayor hopes visitors and residents will come to view as a landmark for the once-sleepy suburb that's now home to a bustling restaurant and arts scene. Rising from Sony's downtown-adjacent lot, the art piece, which last week was encased in white cloth, occupies a prominent position in low-slung Culver City when viewed from the nearby Baldwin Hills Scenic Overlook.
August 21, 2009 |
Aiming to create a cinematic happening for its newly acquired Michael Jackson movie, Sony Pictures Entertainment announced Thursday that "Michael Jackson: This Is It" will be released in a limited two-week run, and moved up its opening by two days to Oct. 28. In an attempt to stoke fan anticipation for the film, the studio is taking the unusual step of putting tickets on sale Sept. 27, more than a month before the film arrives at multiplexes. The movie draws on more than 80 hours of behind-the-scenes and rehearsal footage shot in the buildup to Jackson's sold-out London concerts, which were to begin last month.
May 10, 2011 |
Google Inc.'s YouTube dramatically expanded its movie rental service with the addition of 3,000 titles from major Hollywood studios, positioning the dominant online video service to capitalize on the growing number of Internet-connected televisions and portable devices. YouTube head Salar Kamangar notified the site's estimated 105 million U.S. users via a blog post Monday that they would be able to watch "full-length blockbuster films," read reviews and catch behind-the-scenes videos on the site.