Sony Corporation (SNE) - NYSE
  • Nov. 25, 2015, 4:49 AM
    • With the holidays incoming, Sony (NYSE:SNE) has picked today to reveal that it has sold 30.2M PlayStation 4 videogame consoles to date, suggesting that it's dominating in the console wars.
    • While there have not been official sales figures for Microsoft's Xbox One since last November (when it recorded 10M unit sales), analysts say it is still lagging far behind the PlayStation 4.
    • Nintendo's Wii U, which was released in November 2012 - a year before the Xbox One and PS4 - sold 10.73M units as of September 30.
    | Nov. 25, 2015, 4:49 AM | 4 Comments
  • Nov. 23, 2015, 2:33 PM
    • The Hunger Games: Mockingjay Part 2 (NYSE:LGF) dominated the box office with a $101M opening, a huge debut that still somehow came off as a disappointment -- as expected, on both counts.
    • The number marked the year's fifth-biggest opening, but an opening low for the four-film franchise, and below even the low end of expectations that saw $110M-$125M coming in.
    • Lions Gate stock, which dipped more than 3% on Friday as worried reports proliferated, was down as much as 4% early today but has rebounded, now up 0.9%.
    • The dystopian finale easily bested the two third-week holdouts, Spectre (NYSE:SNE) and The Peanuts Movie (FOX, FOXA) -- and those two finished ahead of two other debut films, The Night Before (SNE; $10.1M) and Secret in Their Eyes ($6.6M).
    • Spectre drew $14.6M to bring its three-week domestic haul to $153.7M, while The Peanuts Movie pulled $12.8M to bring its total to $98.9M.
    • Worldwide, Mockingjay Part 2 has grossed $247M (compared with Part 1's $275M), and the studio is looking forward to milking a long holiday run with overseas help.
    • Previously: Theater stocks lower after Mockingjay box runs short of lofty forecast (Nov. 23 2015)
    • Previously: 'Mockingjay' to make splash, but raise questions for Lions Gate (Nov. 20 2015)
    | Nov. 23, 2015, 2:33 PM
  • Nov. 16, 2015, 8:38 PM
    • With a weak midseason slate as competition, Bond film Spectre (SNE +0.5%) again had to contend mainly with The Peanuts Movie kids (FOX +2%, FOXA +2.1%) before prevailing for the second straight weekend.
    • Spectre drew $35.4M, bringing its cumulative domestic take to $130.7M, while Charlie Brown and friends pulled $24M (hitting $82.3M total) for the second spot.
    • The best debut came from inexpensive holiday comedy Love the Coopers (CBS +2.1%, LGF distributing), taking the No. 3 spot with $8.4M, just ahead of Fox's The Martian, which brought its domestic total to $207.4M in its seventh week. That film moved into seventh place among the year's top grossers.
    • The weekend overall was down 23% Y/Y, a mild lull before the release of the final Hunger Games film from Lionsgate next week.
    | Nov. 16, 2015, 8:38 PM
  • Nov. 11, 2015, 7:30 PM
    • Walt Disney (DIS -0.8%) launched Disney Infinity 3.0 for the Apple TV today, and unlike many games for the box, it comes with a chunky controller usually seen with higher-end gaming consoles.
    • That could prove a critical test of whether the platform could support more intense gaming, and present real competition to the top two consoles made by Sony (NYSE:SNE) or Microsoft (NASDAQ:MSFT).
    • Most all games on Apple TV are controlled by the device's slender remote. But the Nimbus controller made by SteelSeries (specifically for Apple's device) features analog sticks and D-pads familiar to console gamers, and sells for $50 (but at a $15 discount in the Infinity 3.0 bundle).
    • Disney's entry in the toys-to-life category has underperformed compared to Activision Blizzard's Skylanders -- also now on Apple TV -- but the combination of content brands that Disney can leverage for the free-form game, including Marvel and Star Wars, has kept hopes high for the platform.
    • Previously: Disney Infinity 3.0 launches with 'Star Wars' characters (Aug. 31 2015)
    | Nov. 11, 2015, 7:30 PM | 11 Comments
  • Nov. 9, 2015, 12:46 PM
    • As expected, hits returned to the box office this weekend after a few weeks of drought, with Bond beating Brown (... Charlie Brown).
    • Spectre (SNE -0.7%) drew $73M to become the second-biggest debut in the James Bond series, behind 2012's Skyfall, which scored $88M in its opening. After an early opening overseas, Spectre is strong internationally with $200M this weekend and cumulative numbers that topped $300M.
    • Spectre has a bit of a haul to profitability, though, as its production budget hit $250M.
    • Meanwhile, The Peanuts Movie (FOX -2%, FOXA -2.1%) won by counterprogramming for families, scoring $45M, with 38% of the audience under 18 and giving positive word of mouth.
    • Fox's The Martian, which marked a number of weeks at the top against weaker fare, grossed $9.3M to hold third place ($197.1M in six weeks) while Sony's Goosebumps got $7M for fourth ($66.4M cumulative) and Bridge of Spies (DIS distributing) $6.1M for fifth ($55M cumulative).
    • Coming after the worst week of the year, this weekend likely puts the film industry back on track for the first ever $11B year in domestic box office.
    | Nov. 9, 2015, 12:46 PM
  • Nov. 5, 2015, 11:42 AM
    • Ahead of earnings coming this afternoon, Walt Disney (DIS -0.8%) has signed an agreement with Sony's PlayStation Vue (SNE -0.5%) to bring Disney networks to the streaming video service.
    • The deal (which doesn't yet have a launch date) includes the company's major channels as well as smaller ones -- ESPN, ABC TV, Disney Channel, Fusion, the Longhorn Network -- and an "extensive" on-demand library of Disney content.
    • Disney's programming was a glaring omission when the Vue service launched in March, offering some 50 channels for $50/month, though Sony said it was continuing to work on content deals at that time.
    • In contrast to Disney's deal with Sling TV, the pact with Vue allows for multiple simultaneous streams in a household -- likely a dealbreaker issue considering the volume of children's content. It also follows on Disney's trial balloon of its DisneyLife subscription service in the UK.
    • Previously: Disney up 1% as it rolls out DisneyLife subscription service to UK (Oct. 21 2015)
    • Previously: Sony launches its 'cable killer' streaming video service (Mar. 18 2015)
    | Nov. 5, 2015, 11:42 AM | 5 Comments
  • Nov. 2, 2015, 1:35 PM
    • The Martian (FOX +0.7%, FOXA +0.9%) continues to benefit from a dismal month for new film releases, taking the top spot for the fourth time in its five weeks of release as a number of debuts stumbled.
    • The Matt Damon sci-fi adventure drew $11.4M (bringing its domestic total to $182.8M), and Goosebumps (SNE +1.4%) and Bridge of Spies (distributed by DIS +1.3%) benefited from weak competition as well, pulling $10.2M and $8.1M respectively to take the No. 2 and No. 3 spots.
    • Bradley Cooper dramedy Burnt was the best of the new, taking the fifth spot with $5M, while Sandra Bullock-starring Our Brand is Crisis (distributed by TWX +1.5%) became the worst wide opener of her career, pulling just $3.4M from 2,202 theaters to finish eighth.
    • A Halloween conflict with usually-busy Saturday was even worse than expected, as overall ticket sales dropped below the $75M mark, the worst weekend of the year.
    • “All I can say is thank God Charlie Brown and James Bond are coming to save the day,” said Rentrak's Paul Dergarabedian.
    | Nov. 2, 2015, 1:35 PM | 4 Comments
  • Oct. 29, 2015, 3:13 AM
    • Sony (NYSE:SNE) returned to profitability in the fiscal second-quarter on solid sales of its PlayStation 4 consoles and image sensors and strong revenue at its entertainment arm.
    • Net profit rose to ¥33.6B ($278.2M) from a year-earlier loss of ¥104.2B (following the writedown of its smartphone business), though the company maintained its full-year outlook.
    • The strong results indicate Sony's turnaround still has momentum, after years of restructuring at its consumer electronics operations.
    | Oct. 29, 2015, 3:13 AM | 3 Comments
  • Oct. 28, 2015, 5:30 PM
  • Oct. 28, 2015, 3:21 AM
    • Confirming earlier rumors, Toshiba (OTCPK:TOSYY) has announced the sale of its image sensor business to Sony (NYSE:SNE) as it tries to recover from a $1.3B accounting scandal.
    • Sony recently said it would spin off its image sensor business into a new wholly-owned subsidiary called Sony Semiconductor Corporation, and Toshiba's operations are set to come under that umbrella.
    • No financial details of the deal have been disclosed.
    • Previously: Sony reportedly buying Toshiba's image sensor unit for $165M (Oct. 24 2015)
    | Oct. 28, 2015, 3:21 AM | 1 Comment
  • Oct. 26, 2015, 1:20 PM
    • Maybe everybody stayed at home trying to buy Star Wars tickets online.
    • In a dismal weekend at the box office, five new wide releases tanked and surrendered leadership to three returning films, led by The Martian (FOX -0.2%, FOXA -0.1%), which reclaimed the top spot with $15.9M.
    • Goosebumps (SNE +0.6%) and Bridge of Spies (DIS +0.2%) were second and third, with $15.5M and $11.4M respectively.
    • Of the newcomers, The Last Witch Hunter (LGF +1.2%) did best -- which isn't saying much. The Vin Diesel film drew just $10.8M in more than 3,000 theaters for the No. 4 spot. The latest in a series, Paranormal Activity: The Ghost Dimension (VIA -0.7%, VIAB -1%) was sixth with $8.2M, showing on just 1,656 screens as some exhibitors skipped showing it over Paramount's home-entertainment plans.
    • And biopic Steve Jobs (CMCSA +0.3%) went from one of the best per-screen averages in limited release to just $7.3M now that it's gone wide. Despite some critical acclaim for the film, that's barely better than the panned Ashton Kutcher film Jobs did in opening its take on the Apple chief.
    | Oct. 26, 2015, 1:20 PM | 10 Comments
  • Oct. 24, 2015, 5:26 PM
    • Bloomberg and Reuters report Sony (NYSE:SNE) is near a deal to buy Toshiba's (OTCPK:TOSBF) image sensor unit for ¥20B ($165M). A deal could be announced in the coming week.
    • The reports follow news Sony is spinning off its image sensor unit, which is a major iPhone/iPad supplier. Techno Systems Research estimates Sony had 40% of the 2014 image sensor market, up from 35% in 2013. OmniVision had 16%, and Samsung 15%. Both the mobile and automotive markets have lifted broader image sensor demand, while consumer interest in high-quality front and rear smartphone cameras has propped up ASPs.
    • As for Toshiba, the deal would continue a string of asset sales in the wake of the company's recent accounting scandal. Toshiba recently sold a stake in medical equipment maker Topcon for ¥49B ($404M), and a 30% stake in a building for ¥37B ($305M). Meanwhile, job cuts are planned for underperforming units.
    | Oct. 24, 2015, 5:26 PM
  • Oct. 21, 2015, 7:30 AM
    • Looking to boost sales during the holiday season, Sony (NYSE:SNE) is lowering the price of its PlayStation 4 gaming system across many big European markets.
    • The new price, which is effective in Austria, Benelux, France, Germany, Ireland, Italy, Switzerland, Portugal and Spain, is €349, down from its original price tag of €399.
    • Previously: Sony cuts PS4 price ahead of holiday season (Oct. 08 2015)
    | Oct. 21, 2015, 7:30 AM | 1 Comment
  • Oct. 20, 2015, 12:08 AM
    • Videogame sales tumbled in September, NPD Group says, falling 9% to $1.01B, with holiday promotions seemingly just around the corner.
    • Once again, both hardware and software declined, though hardware took the beating -- down 27% to $313.5M -- as many gamers may be awaiting a console price break or bundle in time for holiday shopping. Software sales fell just 3% by comparison, to $465.6M. Accessory sales rose again.
    • In new games at retail, Metal Gear Solid V: The Phantom Pain (OTCPK:KNMCY) couldn't unseat either NBA 2K16 (NASDAQ:TTWO) or Madden NFL 16 (NASDAQ:EA), which finished September with a one-two punch, and settled at third place, just ahead of FIFA 16 (EA). Rounding out EA's sports-title success, NHL 16 debuted at No. 9.
    • The only single-platform exclusive to make that top 10 was Super Mario Maker (OTCPK:NTDOY), which debuted at No. 6.
    • Once again, Sony (NYSE:SNE) confirmed the PlayStation 4 was the top console, outselling the Xbox One (NASDAQ:MSFT) and Wii U. Sony's box has outsold Xbox One every month this year except April.
    • But the hardware faced a tough comp against last year's sales, buttressed by the release of Destiny (NASDAQ:ATVI), says NPD's Liam Callahan. And he notes that the consoles are trending up M/M: “All eighth generation consoles [which includes PS4, Xbox One, and Wii U] experienced double-digit growth when comparing sales on a per-week basis.”
    | Oct. 20, 2015, 12:08 AM | 5 Comments
  • Oct. 19, 2015, 11:52 AM
    • In the scare-off at the pre-Halloween weekend box office, youth-focused Goosebumps (SNE +0.9%) spooked a larger-than-usual number of competitors to take the top spot with grosses of $23.5M.
    • The rivals included the more grown-up gothic-romance Crimson Peak (CMCSA +0.3%), from director Guillermo del Toro, which disappointed with $12.9M for a fourth-place finish.
    • The Martian (FOX -0.4%, FOXA -0.5%) gave up the top spot in its third week to finish second, with $21.5M ($143.8M cumulative).
    • Among the other debuts, Bridge of Spies (DIS +0.6%), the Cold War drama starring Tom Hanks and directed by Steven Spielberg, was No. 3 with $15.4M.
    • Goosebumps is based on the popular youth-horror book series -- but loosely, as the story involves author R.L. Stine himself, played by Jack Black. Meanwhile, Sony's Hotel Transylvania 2 took another $12.3M to hit $136.4M total for its four weeks of release.
    | Oct. 19, 2015, 11:52 AM
  • Oct. 16, 2015, 4:16 PM
    • CBS won't run ads for the film Truth (NYSE:SNE), which the network has criticized and which depicts an incident CBS would like to leave behind: a discredited story on 60 Minutes II in 2004 about then-President Bush's military record.
    • Sony pursued advertising on CBS news programs including the CBS Evening News and 60 Minutes. Truth opens today in only a few theaters.
    • The film is based on the memoir of producer Mary Mapes, fired because of the report she produced (anchored by Dan Rather) that used questionable documents in alleging Bush was AWOL for some time from the Texas Air National Guard.
    • CBS told Sony's ad firm that it wasn't comfortable accepting the ads because of inaccuracies and distortions in the movie, and that it would offend longtime CBS News employees. A source tells Variety that the rejections came more than two weeks ago but appear to have been kept quiet until the day of the film's release.
    | Oct. 16, 2015, 4:16 PM | 3 Comments
Company Description
Sony Corp. engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals, and industrial markets. Its operations are carried out through the following segments: Mobile Communications; Game and... More
Industry: Electronic Equipment
Country: Japan