One of Sony’s biggest shareholders has pleaded with the company to detach Sony Entertainment from the Japanese company and offer it up on the stock market as a standalone business. CEO Hirai declined the idea but still acknowledged that Sony’s movie division is in need of a change.
Under Kaz Hirai’s leadership, Sony has seen its mobile business turn into a profit driver and its mirrorless cameras competing with professional-class DSLRs. While Sony’s hardware manufacturing credentials have been restored, however, other parts of the company remain in a troubled state. Chief among them is the entertainment division, which Sony is announcing plans to restructure and downsize in the wake of some outspoken criticism and mounting losses.