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BUSINESS
August 8, 1991 | ALAN CITRON
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.
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ENTERTAINMENT
March 17, 2014 | By Daniel Miller
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.
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BUSINESS
December 10, 2003 | Claudia Eller, Times Staff Writer
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 | By Andrew Khouri, Los Angeles Times
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.
BUSINESS
November 30, 2000
Sony Pictures Entertainment said Jerry Giaquinta, executive vice president of corporate communications, will leave the studio at the end of the year to start a marketing and communications company for technology and entertainment firms.
BUSINESS
October 22, 2002 | Corie Brown
Sony Pictures Entertainment Co. formally announced its new management structure, and it looks a lot like the old management structure. The team that helped to create this summer's blockbuster "Spider-Man" will continue to run the studio.
ENTERTAINMENT
May 7, 2008
Drawing crowds: The Tribeca Film Festival announced a total attendance of just less than 400,000 at this year's festival. Event organizers estimated a ticketed attendance of more than 155,000 to 700 screenings and 14 panel discussions throughout the festival, which ran April 23 through May 4. -- Good deeds: The Simon Wiesenthal Center is honoring Amy Pascal, co-chair of Sony Pictures Entertainment and chairwoman of Sony Pictures Entertainment Motion...
ENTERTAINMENT
August 24, 2012 | By Jamie Wetherbe
Sony Pictures Entertainment has announced it has signed a five-year deal with Tony-winning Broadway producer Scott Sanders to adapt the studio's films for the stage. First up in the studio's extensive catalog? The 1982 comedy "Tootsie," which starred Dustin Hoffman in drag. As part of the deal, Sony has purchased a 20% equity stake in the 5-year-old Scott Sanders Theatrical Productions, multiple news outlets have reported. A dollar amount was not disclosed. Sanders' prior screen-to-stage credits include "The Color Purple" and "The Pee-wee Herman Show.
BUSINESS
May 10, 2011 | By Dawn C. Chmielewski, Los Angeles Times
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.
BUSINESS
February 2, 2010 | By Ben Fritz and Claudia Eller
Sony Pictures Entertainment is laying off 450 people, more than 6.5% of its workforce, as part of a studio-wide belt-tightening blamed on the growth of piracy and changing media consumption patterns, particularly the ongoing downturn in DVD sales. In a memo to Sony Pictures' roughly 6,800 employees Monday, Chairman Michael Lynton and Co-Chairman Amy Pascal said most of the layoffs would hit the home entertainment and information technology divisions in the U.S. But all business units would be affected, they said, including motion pictures, television, digital production and corporate operations.
BUSINESS
October 22, 2009 | Ben Fritz and John Horn
In late July, a month after Michael Jackson died from the effects of a powerful anesthetic plus other medications, Sony Pictures bid $60 million for a movie after seeing just 97 seconds of footage. That brief clip was a glimpse of more than 100 hours that concert promoter AEG Live shot of the late singer during rehearsals for a planned London concert series called "This Is It." "We had a very strong gut feeling that this could be a cultural event despite the fact that none of us really saw any of the footage before we concluded the deal," said Sony's production president, Doug Belgrad.
BUSINESS
August 21, 2009 | Chris Lee
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.
BUSINESS
November 17, 2008 | Claudia Eller, Eller is a Times staff writer.
Sony Pictures could begin to look more like Disney. The studio most identified as the home of high-testosterone action flicks aimed at young male audiences -- think "Spider-Man," "Men in Black" and most recently, James Bond -- has aggressive plans to tap into one of the few rising segments of the filmgoing public.
BUSINESS
August 15, 1995
Market trends: Microsoft Corp. was the volume leader in Monday's trading. Meanwhile, Sony Pictures Entertainment said it has formed a joint venture with closely held Argos Communications Enterprises of Singapore to introduce a Hindi-language satellite TV channel in India. Sony Pictures is the California-based unit of Japan's Sony Corp.
BUSINESS
June 5, 2008 | Meg James, Times Staff Writer
Sony Pictures Entertainment, seeking to maintain its dominance in the game show business, has acquired a Dutch company that owns the rights to "Who Wants to Be a Millionaire?" for $223 million. The company, 2waytraffic, was founded four years ago by former executives of reality TV giant Endemol Group. It also owns the successful British TV series "You Are What You Eat" and the quiz shows "Take It or Leave It" and "That's the Question." In 2006, it bought a group of companies to acquire the worldwide rights to "Millionaire" for about $200 million.
ENTERTAINMENT
May 7, 2008
Drawing crowds: The Tribeca Film Festival announced a total attendance of just less than 400,000 at this year's festival. Event organizers estimated a ticketed attendance of more than 155,000 to 700 screenings and 14 panel discussions throughout the festival, which ran April 23 through May 4. -- Good deeds: The Simon Wiesenthal Center is honoring Amy Pascal, co-chair of Sony Pictures Entertainment and chairwoman of Sony Pictures Entertainment Motion...
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