Sony trims HBO Latin America stake

Stake reduced from 29% to 8%

TOKYO — Sony Pictures Entertainment has trimmed its stake in HBO Latin America from 29% to 8%, its Tokyo parent announced in a statement on Monday.

The stake sale, worth $217 million, is to an affiliate of Time Warner. Sony will continue to supply content to HBO Latin America, which broadcasts pics and other programming via cable. Brazilian regulators will have to sign off on the deal.

In January Sony also sold a 33% share in HBO Central Europe for $45 million to a Time Warner company.

Sony’s strategy in its worldwide TV biz is to concentrate its management resources in the three group companies in which it has majority stakes.

More TV

  • Issa Rae’s Talent Drive Leads to

    Issa Rae’s Talent Drive Leads to Sci-Fi Pilot ‘The Awoken’

    TOKYO — Sony Pictures Entertainment has trimmed its stake in HBO Latin America from 29% to 8%, its Tokyo parent announced in a statement on Monday. The stake sale, worth $217 million, is to an affiliate of Time Warner. Sony will continue to supply content to HBO Latin America, which broadcasts pics and other programming […]

  • DUBAI, UNITED ARAB EMIRATES - DECEMBER

    Dubai: Festival President Abdulhamid Juma on Growing The Market And Opening to TV

    TOKYO — Sony Pictures Entertainment has trimmed its stake in HBO Latin America from 29% to 8%, its Tokyo parent announced in a statement on Monday. The stake sale, worth $217 million, is to an affiliate of Time Warner. Sony will continue to supply content to HBO Latin America, which broadcasts pics and other programming […]

  • Robert Knepper

    Warner Bros. Finds 'No Evidence of Wrongdoing' by Robert Knepper on 'iZombie' Set

    TOKYO — Sony Pictures Entertainment has trimmed its stake in HBO Latin America from 29% to 8%, its Tokyo parent announced in a statement on Monday. The stake sale, worth $217 million, is to an affiliate of Time Warner. Sony will continue to supply content to HBO Latin America, which broadcasts pics and other programming […]

  • Godless

    TV Review: 'Godless' on Netflix

    TOKYO — Sony Pictures Entertainment has trimmed its stake in HBO Latin America from 29% to 8%, its Tokyo parent announced in a statement on Monday. The stake sale, worth $217 million, is to an affiliate of Time Warner. Sony will continue to supply content to HBO Latin America, which broadcasts pics and other programming […]

  • The Office

    TV News Roundup: Comedy Central Acquires All Nine Seasons of 'The Office'

    TOKYO — Sony Pictures Entertainment has trimmed its stake in HBO Latin America from 29% to 8%, its Tokyo parent announced in a statement on Monday. The stake sale, worth $217 million, is to an affiliate of Time Warner. Sony will continue to supply content to HBO Latin America, which broadcasts pics and other programming […]

More From Our Brands

Access exclusive content