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Sony Says it Won’t Sell Struggling Movie, TV Businesses

New York Post

Sony considers merging gaming and film divisions Sony Corp. said it won’t sell its struggling movie and TV business after a string of Hollywood flops including last year’s “Ghostbusters” helped fuel a a $1 billion writedown. Instead, Toyko execs said they aim to turn it around by adding sales channels and making more use of movie characters. “We believe in long-term upside potential for [Sony] Pictures,” Chief Financial Officer Kenichiro Yoshida said at a Thursday earnings briefing...

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