Sony Pictures Entertainment


Sony Pictures Entertainment
Sony Pictures Entertainment, Inc.
Type Subsidiary of Sony[1]
Industry Entertainment
Founded 1987 as Columbia Pictures Entertainment, Inc.,[2] renamed Sony Pictures Entertainment, Inc. on August 7, 1991
Headquarters 10202 West Washington Blvd., Culver City, California, United States
Key people Michael Lynton
(Chairman and CEO)
Amy Pascal
(Co-Chairman)
Jeff Blake
(Vice Chairman)
Products Motion pictures
Television Production
Television Syndication
Online games
Mobile Entertainment
Video on demand
Digital distribution
Revenue increase US$ 7.3 billion (FY2010)[3]
Operating income increase US$ 300 million (FY2010)[3]
Owner(s) Sony Corporation
Parent Sony
Website http://www.sonypictures.com

Sony Pictures Entertainment, Inc. (SPE) is the television and film production/distribution unit of Japanese multinational technology and media conglomerate Sony. Its group sales in 2010 has been reported to be of $7.2 billion.[3][4]

Contents

History

On September 28, 1989, Sony Corporation obtained an option to purchase all of The Coca-Cola Company's stake (49%) in Columbia Pictures Entertainment, Inc. (CPE; Columbia Pictures, Tri-Star Pictures, etc.) for $27 per share. The next day, Sony also announced that it reached an agreement with Guber-Peters Entertainment Company, Inc. (NASDAQ: GPEC; formerly Barris Industries, Inc.) to acquire the company for $200 million when Sony hired Peter Guber and Jon Peters to head CPE. It was all led by Norio Ohga, who was the president and CEO of Sony during that time. On October 31, 1989, Sony completed a friendly takeover bid for the rest of shares (51%) of CPE, which was a public company listed on the New York Stock Exchange (NYSE: KPE), and acquired 99.3% of the common stocks of the company. On November 8, 1989, Sony completed the acquisition by a "short-form" merger of its wholly owned subsidiary Sony Columbia Acquisition Corporation into CPE under Delaware law. Sony also completed a tender offer for shares of common stock of the GPEC on November 6, 1989 and acquired the company on November 9, 1989. The acquisition cost Sony $4.9 billion ($3.55 billion for shares and $1.4 billion of long-term debt) and was backed (financed) by 5 major Japanese banks Mitsui, Tokyo, Fuji, Mitsubishi and Industrial Bank of Japan.[5][6][7] The company was renamed Sony Pictures Entertainment on August 7, 1991.[8]

Sony has since created numerous other film production and distribution units, such as creating Sony Pictures Classics for art-house fare, by forming Columbia TriStar Pictures (also known as the Columbia TriStar Motion Picture Group) by merging Columbia Pictures and TriStar Pictures in 1998, revitalizing Columbia's former television division Screen Gems, and expanded its growth on April 8, 2005, when a consortium led by Sony and its equity partners acquired the legendary Hollywood studio Metro-Goldwyn-Mayer in a deal worth nearly US$5 billion.[9]

On June 4, 2008, SPE's wholly owned group 2JS Productions B.V. acquired Dutch production company 2waytraffic N.V., famous for Who Wants to Be a Millionaire? and You Are What You Eat for £114.3 million ($223.2 million in US dollars).

On June 3, 2011, SonyPictures.com was hacked, resulting in over a million passwords and e-mail addresses being stolen.[10][11]

Sony Pictures franchises

This is a list of franchises by Sony Pictures Entertainment.

Corporate structure

Headquartered in Culver City, California, USA, SPE comprises various studios and entertainment brands, including Columbia Pictures and GSN.

Senior management team

  • Michael Lynton
    • Chairman & CEO, Sony Pictures Entertainment
  • Amy Pascal
    • Co-Chairman, Sony Pictures Entertainment
    • Chairman, Motion Picture Group, Sony Pictures Entertainment
  • Jeff Blake
    • Vice Chairman, Sony Pictures Entertainment

List of holdings

Sony Pictures Plaza in Culver City, California

Motion Pictures and Home Entertainment

  • Columbia TriStar Motion Picture Group With a library of more than 4,000 films (including 12 Academy Award for Best Picture winners), as of 2004 this unit of Sony distributes about 22 films a year under its various studio brands in 67 countries.[4] The group owns studio facilities in the United States, Hong Kong, Madrid, Mexico, the United Kingdom, Brazil and Japan. In addition to the below company-owned brands, Columbia TriStar also has a contract to distribute films for independent Revolution Studios and select films by MGM and United Artists.
    • Columbia Pictures: Founded in 1924 by Harry Cohn, Sony acquired the studio in 1989 from The Coca-Cola Company for $3.4 billion.[5][6]
    • TriStar Pictures Formed in 1982 as a joint venture between Columbia Pictures, HBO, and CBS. Became part Columbia Pictures Entertainment in December 1987 and the Sony ownership in 1989. Was relaunched in 2004 as a marketing and acquisitions unit with a particular emphasis on genre films.
    • Sony Pictures India, production house established by Sony to release Indian movies and distribute Hollywood movies, released under Columbia Pictures.
    • Sony Pictures Classics (SPC): Specializes in acquiring distribution rights to independent and art films as well as producing lower-budget productions geared to limited audiences.[4]
    • Sony Pictures Releasing
    • Sony Pictures Releasing International
      • Monumental Pictures: A Russian motion picture studio formed on February 2, 2006 as a joint venture between Sony Pictures Entertainment and Russia-based Patton Media Group producing and releasing Russian language films in Russia, the CIS, and Mongolia.
    • Screen Gems: Originally Columbia's animation division and later a television production company best known for TV's Bewitched and The Partridge Family, as well as bringing The Three Stooges short subjects to TV in 1958. Sony revived the Screen Gems brand to develop mid-priced movies (production budget of between $20 million and $50 million) in specific genres such as science fiction, horror, black cinema and franchise films.
    • Triumph Films: The label Sony uses for its low-budget films. Originally a joint venture between Columbia Pictures and Gaumont in 1982.
    • FEARnet A joint venture between SPE, Lions Gate Entertainment, and Comcast for horror, suspense, and thriller movies online.
  • Sony Pictures Home Entertainment: Manufactures and distributes the Sony film library on Blu-ray Disc, DVD, video cassette, and UMD forms to global markets.
  • Sony Pictures Worldwide Acquisitions (SPWA): A Sony division which acquires and produces about 60 films per year for a wide variety of distribution platforms, especially for non-theatrical markets. It is also known as Worldwide SPE Acquisitions, Inc.
    • Destination Films: A "niche" motion picture company purchased by Sony in 2001.
    • Stage 6 Films: A direct to video label created in 2007.
    • Affirm Films: A motion picture label launched in 2008 to release gospel and Christian films.

Television Production and Distribution

Other Sony Pictures operations

Entrance to SPE main lot in Culver City
  • Sony Pictures Cable Ventures, Inc.
  • Sony Pictures Studios: The actual physical buildings, land and movie-making equipment properties in Culver City, California. Includes 22 sound stages, ranging in size from 7,600 to 43,000 square feet (700 to 4,000 m²)
  • Sony Pictures Entertainment (Japan) (SPEJ): The company plans, produces, manufactures, sells, imports, exports, leases, broadcasts and distributes movies, TV programs, videos and audio-visual software in Japan. The company web site says it was established on February 10, 1984,[16] predating Sony's acquisition of Columbia Pictures Entertainment by 5 years. SPEJ was formed in 1991 through the merger of Columbia Tristar Japan, RCA Columbia Pictures Video Japan, and Japan International Enterprises.[17] Based in Tokyo, Japan.
  • Sony Pictures Loot: A newly formed group of developers that creates experiences and products for PlayStation Home. Their products include premium personal spaces and decorative ornaments and clothes/costumes for the users personal spaces and avatars. The premium personal spaces have equipment that allows users, if hooked up to a video capture system, make their own machinimas in Home.[18]
  • Sony Pictures Studios Post Production Facilities
  • Worldwide Product Fulfillment
  • Sony Pictures Technologies
    • Digital Authoring Center provides educational seminars for film-makers preparing stereoscopic productions. Also known as Sony Pictures Digital Authoring Center.
    • Colorworks, established in 2009, provides digital image production services such as digital restoration, digital intermediates, scanning and film recording, digital dailies and asset management


Notes and references

  1. ^ Outline of Principal Operations, Sony Corporation of America
  2. ^ Sony Pictures Entertainment Inc.: Private Company Information BusinessWeek
  3. ^ a b c "Consolidated Financial Results for the Fiscal Year Ended March 31, 2009". Tokyo, Japan: Sony. 14 May 2009. p. 5. http://www.sony.net/SonyInfo/IR/financial/fr/08q4_sony.pdf. Retrieved 15 November 2009. 
  4. ^ a b c d Sony Pictures – Corporate Factsheet, sonypictures.com
  5. ^ a b Rudolph B (1994) So many dreams so many losses. Time vol. 144, no. 22 (November 28, 1994)
  6. ^ a b Griffin N, Masters K (1996) Hit and Run: How Jon Peters and Peter Guber Took Sony for a Ride in Hollywood. (Simon & Schuster, ISBN 0-684-83266-6)
  7. ^ Nathan, J. (1999) Sony: The Private Life. (Houghton Mifflin, ISBN 0-395-89327-5, ISBN 0-618-12694-5)
  8. ^ She Holds Torch for Sony Pictures Entertainment, latimes.com
  9. ^ Sony will purchase MGM in a deal worth about $5 billion, CNN, September 14, 2004.
  10. ^ http://www.bbc.co.uk/news/business-13636704
  11. ^ http://news.cnet.com/8301-31021_3-20068414-260/hackers-steal-more-customer-info-from-sony-servers/?tag=topStories1
  12. ^ "Columbia Pictures Television Group acquires Four D Productions Inc.". PR Newswire. August 28, 1986. http://www.highbeam.com/doc/1G1-4349754.html. Retrieved 2011-05-01. 
  13. ^ The Anime Biz – By Ian Rowley, with Hiroko Tashiro, Chester Dawson, and Moon Ihlwan, BusinessWeek, June 27, 2005.
  14. ^ Animax Asia – Corporate ProfileAnimax-Asia official website.
  15. ^ Affiliated Companies (Outside Japan) Sony Corporation
  16. ^ Sony Pictures Online SPEJ – Company Profile, Sony Pictures Entertainment (Japan), Inc. official website.
  17. ^ History of Columbia Pictures Part 3, Sony Pictures Entertainment Japan (in Japanese)
  18. ^ "Sony Pictures' Loot: A group of developers making Home wares". Destructoid. http://www.destructoid.com/sony-pictures-loot-a-group-of-developers-making-home-wares-131448.phtml. 

External links


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