Sony Pictures Not For Sale, Says CEO Yoshida Kenichiro

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By Poppy in Business
Updated 3 years ago

Sony Pictures is not for sale, nor will it be spun off as a standalone company anytime soon, says Sony Group CEO Yoshida Kenichiro. The rapid consolidation seen across the screen sector — such as Amazon's $8.45 billion acquisition of MGM and WarnerMedia's high-profile merger with Discovery — has fueled industry speculation about Sony Pictures' future. And the company's strategic decision to act as a content supplier to established streamers rather than launching a flagship direct-to-consumer service of its own has made it something of an outlier in the streaming era. Meanwhile, the high price tag Amazon payed for MGM, which is a significantly smaller operation than Sony Pictures, underscored the enormous value Sony Group could potentially command for its film and television operations should it be open to parting with them.

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