George Clooney Slams Sony Investor Daniel Loeb
Calling him an “activist” who “knows nothing about our business,” George Clooney had some harsh words for Sony investor Daniel Loeb. Loeb, who runs New York-based hedge fund Third Point Capital, has…
Nikkei
Sony Returns to Profit in Q1
Sony Corp. headed back to black in the first quarter of the fiscal year, with $35.5 million in net profit, compared with a loss of $250 million. The movie segment was helped by disposal of the music…
Report: Sony Leaning Toward Rejecting Spinoff Proposal
Sony Corp. is leaning toward rejecting a proposal from investor Third Point Capital to spin off its entertainment assets, according to a report Wednesday in Nikkei. Sony’s board is meeting today in…
Variety’s POWER OF YOUTH Celebration Kicks Off Today at Universal Studios
Variety's annual Power of Youth event is like the block party of your dreams, where everything is big and colorful and where adults enjoy themselves as much as the youngsters.
Hasbro Extends Disney Pact for Marvel, Star Wars Toys and Games
Hasbro will guarantee an additional $80 million in royalty payments to Walt Disney Co. to extend Marvel licensing pact for two years, to 2020, and also will pay Mouse House up to $225 million extra…
CBS Comes Out Swinging Against Time Warner Cable in Contract Fight
CBS starting Thursday is launching a TV ad campaign warning Time Warner Cable customers that the operator is “threatening to hold your favorite TV shows hostage and drop CBS,” after the two sides…
News Corp. Split Means Big Test for Stocks
News Corp. completed the spinoff of its publishing assets Friday, setting the stage for both companies to prove themselves on the open market. Shares for both companies began early trading on June…
Sony Board to ‘Discuss’ Third Point Proposal
TOKYO — Sony prexy Kazuo Hirai told a presser Wednesday that the company's board will "thoroughly discuss" the proposal by Third Point investment fund manager and major Sony stockholder Daniel Loeb…
Sony Shares Jump Amid Report It Will Consider Showbiz Spinoff Plan
Shares in Sony Corp. jumped more than 9% in early Tokyo trading on Wednesday after a Japanese paper reported that the Sony board will consider a proposal from major shareholder Daniel Loeb’s Third…
Japan’s ADK plans move in China toon biz
Japanese ad shop Asatsu-DK (ADK) is partnering with the China Animation Group to enter Chinese market.
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