real-time news and commentary for investors
Tuesday, Aug 27
Sony's online TV service draws more notice
- Goldman Sachs likes the long-term potential of Sony (SNE +1.4%) to make a huge splash with its online TV initiative.
- The company has already secured a deal with Viacom for content and is reportedly in talks with several other major TV programmers.
- If it can pull off a few more deals, Sony's Entertainment Network could be a formidable challenger to Hulu and Netflix.
- Due to short-term overhangs, Goldman keeps Sony stuck on a Neutral rating.