Sony's push into entertainment aims for stability, not splashiness
Updated : May 31, 2018 01:15 PM IST
The company last week announced a $2.3 billion deal for EMI Music Publishing, and CEO Kenichiro Yoshida said he would focus on collecting stable profits from existing music, movies and other intellectual property.
The deal made Sony the world's largest music publisher in an industry that has found new life on the back of streaming services such as Spotify.
His strategy is good news for longtime investors, who have watched Sony extract itself from loss-making projects in the past few years.
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