Sony Pictures Entertainment, grappling with slumping DVD sales and a worsening economy, plans to cut about 300 jobs, or about 4% of its workforce, through layoffs and by eliminating open positions, according to a person familiar with the situation. The cuts could come as early as next week, the person said.
Sponsored Results
Sony Home EntertainmentThe Theater of Your Dreams. Deals On sony home entertainment.BizRate.com/sony
Sony Home EntertainmentsFind the Best Value Fast and Save Big on Sony Home Entertainments.www.Calibex.com
Sony Pictures TelevisionFind and Compare Prices on Sony Pictures Television.www.smarter.com
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.
In an ending worthy of a comic-book cliffhanger, Spider-Man has been rescued from the clutches of . . . lawyers. The nearly eight-year legal battle over the movie rights to the last major untapped superhero ended Monday on the eve of trial, with MGM relinquishing its claim to the rights in favor of Columbia Pictures, which said it would move swiftly to place the property into production.
Jeff Blake has been elevated to chairman of worldwide marketing and distribution for Sony Pictures' Columbia TriStar Motion Picture Group. Blake, a distribution veteran who previously worked at Paramount Pictures and Disney, joined the studio in 1992.
Hewlett-Packard Co. plans to announce today that it has signed an agreement with Sony Pictures Home Entertainment to create made-to-order DVDs of some of the studio's movies and TV shows.
Filmland Corporate Center, a downtown Culver City landmark occupied by Sony Pictures Entertainment, has been acquired by a group headed by veteran Southland real estate figure Shurl Curci.
Sony Pictures Entertainment, grappling with slumping DVD sales and a worsening economy, plans to cut about 300 jobs, or about 4% of its workforce, through layoffs and by eliminating open positions, according to a person familiar with the situation. The cuts could come as early as next week, the person said.
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.
It looks like Paramount Pictures may have found a co-parent for Steven Spielberg's and Peter Jackson's planned "Tintin" movie, which was orphaned after Universal Pictures opted out over financial concerns.
Hewlett-Packard Co. plans to announce today that it has signed an agreement with Sony Pictures Home Entertainment to create made-to-order DVDs of some of the studio's movies and TV shows.
Sony Pictures Entertainment is looking to sell at least 50% of its low-margin digital production unit and its 5-year-old animation division, studio officials confirmed Wednesday.
Sony Pictures Entertainment Chairman and Chief Executive Michael Lynton has signed on for five more years at the studio, which he has overseen since 2004.
Sony Pictures Entertainment Inc. is trying to attract Web-video auteurs with a pitch straight out of central casting: We're gonna make you a star, baby.
Walt Disney Co.'s claim that its "Pirates of the Caribbean: At World's End" is the new global box-office champion doesn't mean Jack. At least that's the position of rival Sony Pictures Entertainment, which Tuesday insisted that its "Spider-Man 3" still wears the crown.