{"id":2994,"date":"2014-02-06T00:00:00","date_gmt":"2014-02-06T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tvasia\/2014\/02\/06\/sony-announces-restructure-of-pc-tv-set-businesses\/"},"modified":"2014-02-06T00:00:00","modified_gmt":"2014-02-06T00:00:00","slug":"sony-announces-restructure-of-pc-tv-set-businesses","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvasia\/sony-announces-restructure-of-pc-tv-set-businesses\/","title":{"rendered":"Sony Announces Restructure of PC, TV-Set Businesses"},"content":{"rendered":"<p>\n\tTOKYO: Projecting a 110 billion yen ($1.1 billion) loss for the fiscal year ending March 31, 2014, Sony has announced plans to cut 5,000 positions, sell its PC unit and spin off its TV-set operation as a separate wholly-owned subsidiary.<\/p>\n<p>\n\tThe news came as the company announced its Q3 results, reporting higher revenues of 2.4 trillion yen ($23 billion) and a net income of 27 billion yen ($257 million), as compared with a 10.8 billion yen loss in the year-ago period.<\/p>\n<p>\n\tAt Sony Pictures Entertainment, there was a 7 percent improvement in revenues to 223.7 billion yen ($2.1 billion) due to a favorable impact of the depreciation of the yen against the U.S. dollar, the company said. On a U.S. dollar basis, theatrical and home-entertainment revenues were down, but TV production revenues gained thanks largely to home-entertainment and SVOD income from <em>Breaking Bad<\/em>.<\/p>\n<p>\n\tThe 5,000 headcount reduction is due to be complete by the end of fiscal 2014, with 1,500 cuts in Japan and 3,500 internationally.<\/p>\n<p>\n\t&nbsp;<\/p>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO: Projecting a 110 billion yen ($1.1 billion) loss for the fiscal year ending March 31, 2014, Sony has announced plans to cut 5,000 positions, sell its PC unit and spin off its TV-set operation as a separate wholly-owned subsidiary. The news came as the company announced its Q3 results, reporting higher revenues of 2.4 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-2994","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sony Announces Restructure of PC, TV-Set Businesses<\/title>\n<meta name=\"description\" content=\"Sony Announces Restructure of PC, TV-Set Businesses. TOKYO, February 6: Projecting a 110 billion yen ($1.1 billion) loss for the fiscal year ending March 31, 2014, Sony has announced plans to cut 5,000 positions, sell its PC unit and spin off its TV-set operation as a separate wholly-owned subsidiary.. 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