Mamo #388: War Pig

Mamo!

We tie off the vast, troubling Hobbit trilogy with The Battle of the Five Armies, before doubling down on the Sony Hack, The Interview, and what Sony’s moves mean for the death of movies.

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antho42
Guest

Actually, the film department is very important for Sony. The conglomerate has struggled in the new millennium. Along with finance, films are one the few profitable sectors of Sony.

Matthew Price
Guest

good point

Matthew Fabb
Guest

Note that in 2013 activist shareholder Daniel Loeb with his hedge fund Third Point LLC tried to convince Sony & their shareholders to spin-off Sony Pictures and Sony Muisc:
http://www.reuters.com/article/2013/08/06/us-sony-thirdpoint-idUSBRE97413120130806
The hedge fund owned around 7% of Sony worth around $1.4 billion. He argued that Sony Pictures and Sony Music lacks the “discipline and accountability” of other rival companies.

Some have argued that the Sony hack, the lack of security and issues with releasing the Interview will leave them open for either Daniel Loeb or another activist shareholder going after Sony to spin off or sell off, Sony Pictures. It’s not out of realm of possibilities, especially if Sony Pictures has a bad year in 2015 because of all the material that has been released.

Matt Gamble
Guest

Gaming is pretty much the only profitable division Sony has left. They are going to lose $3 Billion this year, and over $1 Billion in the last quarter alone. They are laying off people in droves, scaling back on manufacturing and now they cocked up the release of The Interview TWICE. They are a total shit show of a company and I’ll be surprised if they don’t start selling off pretty much everything but gaming over the next 5 years.

antho42
Guest

Actually, Gamble– their insurance sector in Japan is also lucrative. But yea, how the mighty have fallen.

Rick
Guest

It is kinda crazy how well the gaming side is doing compared to the rest.