Sony is a vast worldwide corporation with holdings in factories, movie studios and software development. Sony CEO Kazuo Hirai indicates that they’re looking to shift away from manufacturing, a staple of the “old Sony”, and shift more towards entertainment aspects.
“People are moving more and more to the mobile space, so the two keywords, and you’ll probably hear this from everybody: smartphones and tablets,” said Hirai. “Related to that is moving a lot of things to the cloud. That’s why, for example, we felt that it was very important that we acquire the 50 percent of our joint venture in Sony Ericsson and make the cell phone business or the smartphone business a 100 per cent-owned subsidiary of Sony.”
“We needed to make decisions a lot faster. In regards to the cloud, one of the things that you probably saw is our acquisition of a company called Gaikai. That is a company that’s going to propel the movement of the video game business into the cloud space very quickly,” he added. “We need to make sure that we continue our success in the entertainment space-in the music space, in the video game space, and in motion pictures. That’s an area where we are profitable, and it needs to continue to grow.”
Source: BusinessWeek
