Sony says enough is enough, to cut 5,000 jobs, split off PC, TV operations

[mutantsushi]

kirby007 said:

VXIII said:

They didn't / will not sell their TV division, they are just turning it into a subsidiary company. The Tv division will probably get its own budget , profit and financial reports.

nt entirely sure on the fiscal rules of japan but wouldn't that still mean the TV company they are setting up will this show up on the consolidated calculations?

Lafiel said:

yo_john117 said:

"Sony also said it will split its TV division off into a separate company by July 2014."

So does that mean that Sony will own the company that will be making the Vaio TVs or that they are selling them to a different company?

Vaio is their PC brand, their TV brand is Bravia and yes, that initially will be a 100% daughter of Sony

If the TV division is still losing money it will still be losing Sony money as a subsidiary vs. a division of the Sony company.

This is a step towards selling it or spinning it off via IPO, either completely are partial divestment.

They haven't finalized that part yet, but separating it into it's own corporation is the obvious step towards disposing of it.

DevilRising said:
This just underlines the fact that in spite of the Playstation brand's success, it has, surprisingly, never been a huge source of profit for Sony as a corporation.

Uh... how?  Doesn't matter how much $$$ Sony is making off of Playstation,

if TV and Computers are losing money non-stop, no reason to keep them around forever.