Sony to cut costs at entertainment arm

|About: Sony Corporation (SNE)|By:, SA News Editor

Sony (SNE) hopes to cut $100M in costs from its entertainment unit and has hired Bain to look at other potential strategic moves.

Execs with Sony present at an investor conference this week during which it's expected it will have to field questions on the future and transparency of the movie and music unit.

More than a few investors, including Third Point's Daniel Loeb, have pressed Sony to spin off the entertainment asset.