Dish Network Chairman and incoming CEO Charlie Ergen dismissed characterizations of his company's new OTT service as being disruptive to pay-TV.
Sony CEO Kazuo Hirai confirmed that the company is willing to get out of the mobile phone business, although the electronics giant currently has no plans to do so. When asked about Sony's TV and mobile phone units during a presentation of Sony's latest turnaround strategy, Hirai said he would not "rule out considering an exit strategy," according to Reuters.
Sony confirmed it will cut another 1,100 employees from its Mobile Communications business, on top of the 1,000 job cuts it had already announced in that unit. The company, which disclosed the job cuts in conjunction with its quarterly earnings report, will prune the mobile division down to 5,000 employees by March 2016, a 28 percent cut to a unit that Sony CEO Kazuo Hirai said in the past would be a key element of the company's electronics business.
Sony plans to slash another 1,000 jobs from its smartphone unit amid a push to get back to profitability, according to multiple reports. The cuts would come on top of 1,000 layoffs Sony previously announced for its Sony Mobile Communications business. If the reports prove accurate, Sony will employ around 5,000 people in its smartphone business by March 2016.
According to Reuters, Sony is now considering drastic actions like a sale of its mobile phone business after failing to resuscitate the operation with a focus on high-end smartphones.
According to a report from Reuters, Sony is now considering drastic actions like a sale of its mobile phone business, after failing to resuscitate the operation with a focus on high-end smartphones. The report noted that the company isn't currently considering any specific deals, but could implement a sale or strategic partnership on its struggling business units like its mobile phone division.
Using descriptors like "vicious" and "malicious," Sony Corp. CEO Kazuo Hirai used his company's Consumer Electronics Show press conference Monday to finally break his public silence about the crippling IT attack on Sony Pictures last month.
Sony said its comedy The Interview generated about $15 million in revenue from online sales to around 2 million Web users in the U.S. and Canada during the film's first weekend of availability. The numbers are notable considering The Interview is the first major motion picture to be released online and in theaters at the same time.
Dish Network engaged in talks with embattled Sony Pictures over the weekend about screening the comedy feature The Interview for its 14 million subscribers, but ultimately balked.
One of the pay-TV industry's linchpin programmers, Sony Pictures, rendered its most aggressive response yet to an unprecedented three-week-old network hacking crisis.