A Look at Sony’s Three-Year Business Plan
Sony (SNE) has drawn up a three-year strategy outlining the company’s path from April of this year (the beginning of fiscal 2018) to March 2021 (the end of fiscal 2020). In this three-year period, Sony aims to generate high profitability across its various business areas, including electronics and entertainment. In the entertainment business, Sony is acquiring music publisher EMI for ~$2.3 billion to strengthen its licensing business, which licenses music content to the likes of Spotify (SPOT) and Alphabet’s (GOOGL) Google.