Like many other companies in the game industry right now, Sony is trying to restructure itself in preparation of the next generation of console gaming. Being the large company that it is, Sony has a lot of departments, and from time to time those departments need to be reorganized, mixed together, or dissolved. According to a report from Bloomberg, Sony is working with Morgan Stanley and Citigroup to try and break off some failing parts of their entertainment division.
The report claims that Sony chief Kazuo Hirai is being told by Daniel Loeb, CEO of Third Point LLC, to sell up to 20 percent of the company’s entertainment division. Third Point LLC is the largest owner of Sony stock, and if this deal goes through the company would be able to refocus on its electronic division in preparation for the PlayStation 4's release. It would also combat increasing competition with television and other electronics companies. This could mean that the company would be able to focus more on the electronics themselves as opposed to supporting software.
It is yet to be seen if Sony will sell off any of its entertainment division, but it is good to see that proposals are being considered for the future success of the company. With this past year being the first of profitability for the company in the past five, it is exciting to see how Sony is planning its future, hopefully for the better.
What do you think? Do you have any advice for Sony about restructuring? Are you glad to see Sony taking steps to ensure its future?