Japanese electronics giant Sony and drinks maker Suntory are stockpiling inventory in the United States while their peers shift production or supply chains in efforts to fend off an evolving threat of U.S. tariffs on the export-reliant economy.
Sony Group Corporation will build a $3.1b studio in Vegas. This is a game changer for the sector as it turns focus on expanding cheaper production. The market has largely shrugged off the news, when it's a sign of a major pivot in the currently confused state of streaming.
David O'Reilly, CEO of Howard Hughes, explains the delay in Las Vegas development due to legislative schedules and highlights a unique partnership with Sony and Warner for a $1.8 billion project.
Sony Pictures Entertainment said Thursday that it is moving to sell streaming rights to “Jeopardy” and “Wheel of Fortune,” two hit programs that have so far remained only available on traditional broadcast television.
Zacks.com users have recently been watching Sony (SONY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Sony shares broke out of a multi-year trading range, driven by strong performance in gaming, music, and upcoming catalysts like the SFG spin-off. Recent earnings show growth in key segments, including 37% in game & network services and 28% in music, with increased full-year operating income guidance. Sony's strategic focus on licensing intellectual property and specialized streaming services like Crunchyroll enhances profitability and reduces complexity compared to competitors.
Damian Thong, Senior Analyst of Technology at Macquarie Capital Securities, discusses the opportunities for AI in Sony's gaming business, adding that says its share price still has further to run.
Sony's shares were untraded with a glut of buy orders in early trading in Tokyo on Friday after the technology and entertainment conglomerate reported strong results at its games and music divisions.
Shares of Sony (SONY 5.23%) are seeing strong bullish momentum in Thursday's trading. The Japanese tech giant's share price was up 6% as of 12:30 p.m.
SONY's fiscal Q3 performance benefits from strength across G&NS, Music, Pictures and Financial Services units amid softness in the ET&S segment.
Japanese electronics and entertainment company Sony reported a 3% gain in October-December profit Thursday, and raised its full-year forecast.
Sony Group Corporation. (NYSE:SONY ) Q3 2024 Earnings Conference Call February 13, 2025 2:00 AM ET Company Participants Kenichiro Yoshida - Representative Corporate Executive Officer, Chairman and CEO Hiroki Totoki - Representative Corporate Executive Officer, President, COO and CFO Naomi Matsuoka - Senior Vice President in Charge of Corporate Planning and Control Sadahiko Hayakawa - SVP, Finance, IR Kazuhiro Yamada - Sony Financial Group Inc. Corporate Executive Officer and CFO Conference Call Participants Hayato Umegaki - Toyo Keizai Junya Ayada - JPMorgan Chase Yasuo Nakane - Mizuho Securities.