I wouldn't be surprised to see any of them sell their video game operations.  I think the hardware business is ready for a shakeup.

I think the only way Sony sells it's Playstation division(s) is if they're being parted out. It's easily what gives the most recognition in recent years. Microsoft doesn't give a fuck, they were only ever in it to try to sell more PCs. They've apparently lost billions over the years on the Xbox brand (but may have recouped most of that back in recent years). Nintendo? It's all Nintendo is really. They won't sell off their video game operations ever, but you might see them pivot away from making consoles.

Damn that emoji movie looks bad.

Mate, they lost massive amounts of money on Ghostbusters - that movie needed around $500M to break even. So not even close.

Other flops:

Magnificient Seven - another unneeded reboot. Massive losses.

Passengers.

Concussion - Will Smith's movies have been flops for years now.

Pride and Prejudice Zombies

The Brothers Grimsby

And this year started with another flop: Underworld.

Records may be smashed (though Avatar's and Titanic's are still unbeaten) but so are the production and marketing budgets. The margins on film studios aren't as big as you'd think.

Passengers will probably be OK, it's still in its box office run and international recepts are doing OK. Critically it's a flop though. Most importantly the production budget was pretty reasonable for a space Sci-fi movie so the pressure on box office gross was not too bad.

Underworld will pay for itself, but that's all. Relatively a flop, but with a cheap budget it doesn't need to break records to break even.

I'll certainly give you Brother's Grimsby. Unless they made that for $5 million it was a major financial failure.

I don't understand why Ghostbusters needed to make $500 million to break even. They must have horribly over spent on marketing, because production budget was high, but not outrageous.

Concussion was a bat bet, not because of Will Smith, but because the subject matter strikes at the heart of a national sport that is only really well known in North America, so the audience of greatest interest won't go see it because they don't want NFL seen in a bad light, and the rest of the world doesn't care enough to pay to see it. Should have been a TV movie, not a cinematic release. If there was a football movie that exposed a major health issue in players that was swept under the rug there might be a big enough international audience to make a $35 million budget viable. The movie could and should have been made for $10 million, and if Will Smith's salary was responsible for the budget being $35 million then he sure wasn't worth it.

When you crunch the numbers for all of Sony's 2016 releases, it's not that bad. Of the movies where production budget is known the total product budgets ad up to $675 million and the gross revenues total to $2.009Bn. That gives a revenue ratio of 2.98:1, without factoring in disc and digital sales. And then Sony make another $600 million from movies where the production budget isn't known (thanks to a big Chinese language hit that brought in $526 million from China). Most of those movies appear not to have large budgets, but they also have dismal revenues. But they had some movies with huge ROI's like Don't Breathe with $10 million production budget and $155 million global revenue.

I don't think Sony Pictures is gasping a dying breath, but more intelligent risk taking and better creative execution is needed to make it feel like a solid and long term sustainable unit.

Just please, I hope there is some kind of clause that if Sony Pictures is sold or otherwise goes out of business that Spider Man rights revert to Marvel and cannot be sold as part of Sony's going concern. Otherwise it's almost mandatory for Disney to be the ultimate buyer of Sony/Columbia. Problem is, SOny Pictures probably isn't worth a whole lot unless they can include the Spider Man rights in the deal.

Well, Sony definitely will be "parted out" if they don't turn around many of their other businesses.  They're already pretty well separated into divisions that operate independently.  Stripping PS out of one isn't too far fetched.  

MS....well, a few years ago I would have said for sure that they were positioning Xbox for sale.  They completely eliminated any mention of MS in any marketing, and it was never clear how XB fit into their portfolio.  But, now that they're basically making it a Windows machine, and they've expanded into hardware with the Surface, I don't have a clue as to what they're planning.   

Ninty....I think it is very likely that they'll exit the hardware business in the next several years.  I don't know how well they could separate the hardware business from the software, toys, cards, theme parks, and whatever else they're into.  But, if they can do it, I'm sure they would entertain a sale as opposed to just shutterting the hardware department.  There's no obvious buyer that I can think of.  But, there are a bunch of Chinese companies gobbling up things.  I could also see Samsung or Apple, though the latter doesn't generally buy companies in need of a turnaround.  

Anyway, back to the OP....  I'm not betting on a sale from any of them.  But, I wouldn't be shocked if something happened.

You do realize Sony's been operating in the green for awhile now, right? This isn't the doom and gloom years of the PS3 era. And they definitely aren't getting rid of the PS HW until consoles actually show signs of stopping. And so far this gen, they haven't. I doubt they will next gen, either. Now, if we get to a point where the top console only sells 20M-30M, they're definitely going to be looking at an out from the market.

Anyone any idea what kind of money they could expect to get if they sell the TV and Movie businesses?

Sony can't get rid of the Movie division, they won't. They have a Robotech movie going into production soon.