TheWallCrawler
hero or a menace?
- Joined
- Mar 28, 2010
- Messages
- 6,886
- Reaction score
- 242
- Points
- 73
http://247wallst.com/2011/06/22/247-wall-st-ten-brands-that-will-disappear-in-2012/2/
"Sony has a studio production arm which has nothing to do with its core businesses of consumer electronics and gaming. Sony bought what was Columbia Tri-Star Picture in 1989 for $3.4 billion. This entertainment operation has done poorly recently. Sonys fiscal year ends in March, and for the period revenue for the group dropped 15% to $7.2 billion and operating income fell by 10% to $466 million. Sony is in trouble. It lost $3.1 billion in its latest fiscal on revenue of $86.5 billion. Sonys gaming system group is under siege by Microsoft (NASDAQ: MSFT) and Nintendo. Its consumer electronics group faces an overwhelming challenge from Apple. The companys future prospects have been further damaged by the Japan earthquake and the hack of its large PlayStation Network. CEO Howard Stringer is under pressure to do something to increase the value of Sonys shares. The only valuable asset with which he can easily part is Columbia which would attract interest from a number of large media operations. Sony Entertainment will disappear with the sale of its assets."
It isn't confirmed by Sony, yet at least, so some people say it's just speculation at this point, and they take this lightly. To me this is serious news, if this would happend, Marvel would surely buy the spidey movie rights back, and god knows what would happend to the movie series then! Don't get me wrong, I would love a Spidey film by Marvel studios, I'm just thinking of the possibility of them having the nerve to reboot it again! (surely still a kinda sequel to TAS but still)
So... what's your opinion on this?
It isn't confirmed by Sony, yet at least, so some people say it's just speculation at this point, and they take this lightly. To me this is serious news, if this would happend, Marvel would surely buy the spidey movie rights back, and god knows what would happend to the movie series then! Don't get me wrong, I would love a Spidey film by Marvel studios, I'm just thinking of the possibility of them having the nerve to reboot it again! (surely still a kinda sequel to TAS but still)
So... what's your opinion on this?