Thursday
November
27
2014
7:59 am
Weather

  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  Classifieds
  DJ Designers
  Archives
  Advertise With Us
  About Us
 
 
 
 
Sony targets $250M in cuts to movie studio
November 22, 2013, 05:00 AM The Associated Press

LOS ANGELES — Sony Corp. says it plans to cut $250 million in annual costs from its movie studio by its fiscal year that ends in March 2016.

The target was outlined in a document presented at an investor day at the Sony Pictures lot in Culver City, Calif., on Thursday.

The push to make its entertainment division more efficient came after hedge fund Third Point LLC took a large minority stake in Sony earlier this year and pressed it to spin off the music and movie division.

The company also targeted movie studio revenue of $8.4 billion and music revenue of $4.8 billion in the year through March 2015, up from $7.80 billion and $4.70 billion in the year through March 2013.

 

 

Tags: billion, march, movie,


Other stories from today:

 

 
Print this Page Print this Page  |  Bookmark and Share
<< Back
 
Return To Archives
 
  


 
 
 
Daily Journal Quick Poll
 
For what are you most thankful?

Family
Health
Job
Country
Friends

 

 
 
 
 
 
 
 
 
  
 
  
 
©2014 San Mateo Daily Journal
San Mateo County marketing