SONY Jul 2024 130.000 call
- Benzinga
What's Going On With Sony Stock On Thursday?
Sony Group Corp’s (NYSE:SONY) Sony Music is negotiating to acquire Queen’s music catalog, including hits like “Bohemian Rhapsody,” potentially making it one of the largest deals of its kind. The purchase, possibly totaling $1 billion, involves another investor and the talks are ongoing, according to a Bloomberg report. The stock is trading higher on Thursday. Also Read: PSVR2 Inches Closer To PC Compatibility, Sony’s Latest Move Revealed Music catalog sales have been rising, with artists fetchin
- Reuters
Sony sees streaming service Crunchyroll driving growth as anime goes global
Sony sees its anime streaming service Crunchyroll as a growth driver, the head of its movies business said on Thursday, as the group looks to ride the growth of anime outside Japan. "Crunchyroll is going to be our primary growth driver at SPE over next few years," Sony Pictures Entertainment (SPE) CEO Tony Vinciquerra told a strategy briefing.
- Reuters
Sony stresses PlayStation user engagement as hardware sales taper off
Japan's Sony on Thursday emphasised the strength of user engagement with its gaming platform as sales of the PlayStation 5 console taper off and companies in the sector look for recurring revenue. PS5 users are spending around 25% more than during the previous PS4 console's lifecycle, boosted by add-on content and services, including the PlayStation Plus subscription option. "This behaviour underpins the durable, predictable nature of our revenue base," gaming executive Hideaki Nishino told a strategy briefing.
