AfterDawn: News

Sony might sell animation and digital studios

Sony Pictures Entertainment is currently looking to sell over 50 percent of their digital and animation divisions which could sell for up to 500 million USD.

Sony Pictures Animation which is best known for movies such as "Open Season" and "Surf's Up" and Sony Pictures Imageworks, which is famous for its effects in the "Spider-Man" trilogy should be worth most of that value.



The company hopes to have one investor as it believes both businesses are "very closely linked." The company also believes both divisions can expand into video games given the right investor.

A Sony spokesperson told the NYTimes that the company was "open to exploring equity partnerships, and it's no surprise that there is market interest in our visual effects and animation businesses."

Source:
GI.biz

Written by: Andre Yoskowitz @ 1 Nov 2007 19:58

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• 9 comments

• ogryzek

  Somebody is bleeding money... Something tells me that they do not make decent ROI on their Blueray and Cell processor endeavors.
  
  One or two dismal quarters and maybe mighty Sony will refocus on the costumer needs.

  1.11.2007 23:01 #1

• Mr-Movies

  Are digital sudios simular to Digital Studio's? Shame on me just was funning with you DVDBack23...
  
  I think BD is doing pretty well but you never know you could be right on the money ogryzek.

  2.11.2007 00:28 #2

• DVDBack23

  Originally posted by Mr-Movies: Are digital sudios simular to Digital Studio's? Shame on me just was funning with you DVDBack23...
  
  I think BD is doing pretty well but you never know you could be right on the money ogryzek.Wow, thank you sir, typo has been fixed :)

  2.11.2007 00:37 #3

• BIGnewb

  putting out a new format is costly actually so its no surprise and toshiba are also in a situation where they need to make money elsewhere to sponsor their format.whoever loses the format war,will lose everything($$$).

  2.11.2007 06:40 #4

• ZippyDSM

  Originally posted by BIGnewb: putting out a new format is costly actually so its no surprise and toshiba are also in a situation where they need to make money elsewhere to sponsor their format.whoever loses the format war,will lose everything($$$).I would not say that, I think sony could survive the loss, its funny that they are selling off so much tho, if they made a few billion off some movies then why bother selling off so little()it only amounts to 1 or 3 billoin)?

  2.11.2007 07:20 #5

• Mr-Movies

  As you are well aware of Zippy, Sony's only issue isn't just the BD format war, they have screwed up in almost every market they compete in, with exception to their TV's probably. My assumption is that they are heavy in management and short on common sense which seems to be a common business issue these days. Look at how PS3's have gone, the root kit issue, and so on... You can't keep making big mistakes with out it catching up with you eventually.

  3.11.2007 21:00 #6

• ZippyDSM

  Originally posted by Mr-Movies: As you are well aware of Zippy, Sony's only issue isn't just the BD format war, they have screwed up in almost every market they compete in, with exception to their TV's probably. My assumption is that they are heavy in management and short on common sense which seems to be a common business issue these days. Look at how PS3's have gone, the root kit issue, and so on... You can't keep making big mistakes with out it catching up with you eventually.LOL
  No wonder the discions for the PS3 have been shtty....

  3.11.2007 21:05 #7

• borhan9

  If they made soo much off the spiderman movies then why would u be selling it...

  12.11.2007 16:22 #8

• ZippyDSM

  Originally posted by borhan9: If they made soo much off the spiderman movies then why would u be selling it...because its not just the games depo hurting.

  12.11.2007 23:30 #9