SNE - Sony Corporation
| Previous Close | 48.39 |
| Open | 47.89 |
| Bid | 47.60 x 800 |
| Ask | 47.60 x 800 |
| Day's Range | 47.56 - 47.78 |
| 52 Week Range | 35.51 - 53.91 |
| Volume | 107,392 |
| Avg. Volume | 1,233,758 |
| Market Cap | 60.505B |
| Beta | 1.71 |
| PE Ratio (TTM) | 12.27 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.20 (0.40%) |
| Ex-Dividend Date | 2017-09-28 |
| 1y Target Est | N/A |
Reuters Videos•48 minutes agoEMI deal makes Sony world's biggest music publisher
Sony Corp has said it would pay about $2.3 billion to gain control of EMI, becoming the world's biggest music publisher in an industry that has found new life in streaming services. Matthew Larotonda reports
- CNBC Videos•11 hours ago
Sony's EMI deal is part of its 'journey' into more conten...
Ray Wang of Constellation Research says the content piece is "very important" for businesses in the music services space.
- CNBC Videos•14 hours ago
This analyst says Sony is increasingly focused on content
Atul Goyal of Jefferies says Sony has stepped away from "commodity products" such as televisions and personal computers and is instead focusing on higher margin sectors which are an "oligopoly or duopoly."
- Financial Times•2 hours ago
[$$] Sony to buy majority stake in EMI Music Publishing for $2.3bn
Sony has agreed to buy a controlling stake in EMI Music Publishing for $2.3bn, a move the Japanese company said would strengthen its content portfolio. The statement said Mubadala Investment Company said in a statement released alongside Sony’s that it had signed a binding memorandum of understanding to sell its equity interest of about 60 per cent in EMI to Sony Corporation of America “based on an enterprise value of $4.75bn”, leaving Sony with approximately 90 per cent of equity interest in the publisher, which would then become a consolidated subsidiary.
- Zacks•3 hours ago
The Zacks Analyst Blog Highlights: Western Digital, Magna International, Nucor, Sony and Caterpillar
The Zacks Analyst Blog Highlights: Western Digital, Magna International, Nucor, Sony and Caterpillar
- TheStreet.com•3 hours ago
Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know
U.S. stock futures pointed higher on Tuesday, May 22, and global stocks rose as investors reacted to a significant move on trade tariffs from China. China's Finance Ministry said Tuesday that it would slash import tariffs on automobiles into the world's biggest car market in what could be the most significant step by officials in Beijing to placate demands made by Donald Trump to trim the country's multi-billion trade surplus with the U.S. The decision, while expected, comes after Washington and Beijing declared a near-term truce in the brewing dispute over tariffs and access to markets in the world's two biggest economies.
- Evening Standard•4 hours ago
Sony cashes in on music revival with £2 billion swoop on EMI
Sony on Tuesday swooped to take control of EMI Music Publishing in a £1.7 billion deal which will give it rights to more than two million songs, from The Beatles to “Over the Rainbow” and Pharrell Williams’ hits. Sony’s move comes as music streaming is sparking a “resurgence” in the music business and an increase in the value of back catalogues from artists. The deal will make Sony the largest music publisher in the world as the Japanese entertainment and electronics giant raises its stake in EMI from 30% to 90% by buying the holding of the UAE’s Mubadala Investment Company, its partner in EMI for the past six years.
- Reuters•4 hours ago
Sony in $2.3 billion deal for EMI, becomes world's biggest music publisher
Sony Corp said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world's largest music publisher in an industry that has found new life on the back of streaming services. The acquisition is the biggest strategic move yet by new CEO Kenichiro Yoshida and gives Sony a catalogue of more than 2 million songs from artists such as Kanye West, Sam Smith and Sia. The deal is part of Yoshida's mission to make revenue streams more stable with rights to entertainment content - a strategy that follows a major revamp by his predecessor which shifted Sony's focus away from low-margin consumer electronics.
Reuters•4 hours agoSony in $2.3 billion deal for EMI, becomes world's biggest music publisher
Sony Corp said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world's largest music publisher in an industry that has found new life on the back of streaming services. The acquisition is the biggest strategic move yet by new CEO Kenichiro Yoshida and gives Sony a catalogue of more than 2 million songs from artists such as Kanye West, Sam Smith and Sia. The deal is part of Yoshida's mission to make revenue streams more stable with rights to entertainment content - a strategy that follows a major revamp by his predecessor which shifted Sony's focus away from low-margin consumer electronics.
- The Independent•4 hours ago
Corporate money Crazy in Love with Music again as Sony EMI deal shows
The purchase price is listed at $2.3bn (£1.7bn) but it is also assuming $1.4bn of debt, which gives EMI MP an “enterprise value” of $4.75bn including the 30 per cent Sony already owns and the 10 per cent retained by the Jackson family estate. The inflation in its value is a mark of spectacular revival of the music business that has been driven by subscription based streaming services such as Spotify and Apple Music. Sony bought in alongside a consortium led by Abu Dhabi’s Mubadala Investment Company in that transaction.
Associated Press•4 hours agoSony buys most of EMI Music, to spend $9B on image sensors
TOKYO (AP) — Electronics and entertainment company Sony Corp. said Tuesday it plans to spend $2.3 billion acquiring an additional 60 percent stake in EMI Music Publishing, home to the Motown catalog and contemporary artists like Kanye West, Alicia Keys and Pharrell Williams.
- Reuters•8 hours ago
Sony to become world's No.1 music publisher with $2.3 billion EMI deal
Sony Corp said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world's biggest music publisher in an industry that has found new life in streaming services. The acquisition, which gives Sony a catalogue of more than 2 million songs from artists such as Kanye West, Sam Smith and Sia, is the biggest so far by new CEO Kenichiro Yoshida. The deal seeks to take advantage of the rapid growth in streaming music services like Spotify and Apple Music which has driven a recovery in the music industry.
- Financial Times•8 hours ago
[$$] Sony’s $2.3bn EMI Music deal signals shift to spending mode
annual profit. Including debt, the $3.7bn transaction is also the second-largest overseas acquisition for the company since it spent $4.8bn to buy Columbia Pictures in 1989. In outlining the company’s three-year business plan, Mr Yoshida on Tuesday stressed the company would focus on sustaining steady profits through subscription model businesses that offered recurring revenue, instead of just selling a Bravia television or a PlayStation gaming console.
- The Wall Street Journal•10 hours ago
[$$] Sony to Buy Mubadala’s Stake in EMI Music Publishing
Sony expects to pay total cash consideration of about $2.3 billion and will assume EMI Music Publishing’s gross debt, which was about $1.36 billion at March 31. In 2012, Mubadala, Sony and the estate of Michael Jackson were part of a group that bought EMI Music Publishing from Citigroup Inc. for about $2.2 billion.
- Bloomberg•10 hours ago
Sony's New CEO Wants to Be Heard. Loud
A buyout of EMI Music Publishing makes a clear statement.
- Bloomberg•13 hours ago
Sony's New CEO Sets Low Bar With Conservative Mid-Term Targets
Sony Corp., once known for pushing the boundaries of technology, is starting to look a little bit boring under Kenichiro Yoshida. The new chief executive officer’s reputation as a stoic numbers guy was demonstrated on Tuesday when he unveiled mid-term targets for the first time as chief executive officer, predicting conservative profit growth across most divisions over the next three years as the company focuses more on content and services. The strategy announcement echoed results issued less than a month ago, when Yoshida gave an outlook for the current year that set a low bar and jolted investors.
- Bloomberg•13 hours ago
Sony's New CEO Sets Steady-as-She-Goes Mid-Term Targets
Sony Corp., once known for pushing the boundaries of technology, is starting to look a little bit boring under Kenichiro Yoshida. The new chief executive officer’s reputation as a stoic numbers guy was demonstrated on Tuesday when he unveiled mid-term targets for the first time as chief executive officer, predicting conservative profit growth across most divisions over the next three years as the company focuses more on content and services. The strategy announcement echoed results issued less than a month ago, when Yoshida gave an outlook for the current year that set a low bar and jolted investors.
- Reuters•14 hours ago
Sony says to pay $2.3 bln to make EMI Music consolidated unit
Sony Corp said on Tuesday it would pay about $2.3 billion to raise its stake in EMI Music Publishing to about 90 percent, resulting in a valuation gain of about 100 billion yen ($900 million). Wholly owned unit Sony Corporation of America will buy all of the roughly 60 percent stake in EMI Music held by Mubadala Investment Company, making it a consolidated subsidiary, it said in a statement.
- CNBC•14 hours ago
Sony to acquire Mubadala's stake in EMI Music Publishing in $1.9 billion deal
Sony said its wholly-owned subsidiary, Sony Corporation of America, reached an agreement to buy all of the interest in EMI Music Publishing that is currently held by Mubadala's consortium. Sony Corporation of America will acquire all of about 60.2 percent interest from the consortium for an acquisition price of approximately $1.9 billion.
- Bloomberg•14 hours ago
Sony to Buy Out EMI Music Publishing for About $2 Billion
Sony Corp. is buying EMI Music Publishing, getting its hands on a catalog of 2.1 million songs from Beyonce, Carole King and other artists as it embarks on a new growth plan built on content and services. The Japanese company will buy about 60 percent equity interest from a consortium led by from Mubadala Investment Co. for about $2 billion, Sony said in a statement. EMI’s extensive catalog will solidify Sony’s position as the largest music publisher amid a boom in streaming services that has fueled valuations for music copyrights.
- InvestorPlace•21 hours ago
Sony Corp (ADR) Is This Decade’s Underappreciated Turnaround
Among the so-called recovery stories, Sony Corp (ADR) (NYSE:SNE) is one of the more intriguing, and frustrating. Year-to-date, Sony stock is up over 7%. The optics were especially bad because in the year-ago quarter, Sony Corporation produced a 171% earnings surprise.
- Bloomberg•2 days ago
New Sony CEO to Detail Shift Away From Gadgets in Mid-Term Plan
Sony Corp. is done working for peanuts in the hardware business. Kenichiro Yoshida, who took over as chief executive officer in April, is set to unveil a three-year plan on Tuesday that embraces Sony’s growing reliance on income from gaming subscriptions and entertainment. The transition is already happening: even though the company sold fewer hardware products such as televisions, digital cameras, smartphones and PlayStation consoles in the year through March, it was able to post record operating profit.
- Forbes•3 days ago
'Fortnite' Battle Pass Season 4, Week 4 Challenges Leaked (And They're Tough)
Fortnite's season 4, week 4 challenges have leaked, and there's one in particular players are going to hate.
- Forbes•4 days ago
Two Years Later, 'No Man's Sky' Is Finally Getting True Multiplayer In Its 'NEXT' Update
Of the many broken promises in the aftermath of the launch of No Man’s Sky, one that players would never stop bringing up was Sean Murray’s pre-launch statement that the game would let you run into other people out in the galaxy. When it was released, the ability to play with your friends or run into other players was nowhere to be found, but now, that’s about to change, almost two years later. July 24th brings both No Man’s Sky to Xbox One, and also its big NEXT update, which Hello Games promises is the largest one for the game to date.
- Forbes•4 days ago
Fortnite: Battle Royale's Solo Showdown Prize Pool: $11,210, March Revenue: $223 Million
Credit where credit is due, Epic’s idea for a Fortnite Solo Showdown is a genius idea. Not only because of how much hype it generates for game (interest level is crazy, judging by the views on this article in the past day), but also because they’ve done it so cheaply. Epic has listed out the prizes for the five day event where players will have 50 Fortnite games to rack up as many points as possible with high placements in Solo Showdown matches.
