September 27, 2016 4:46 AM ET

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Company Overview of Sony Corporation of America

Company Overview

Sony Corporation of America, through its subsidiaries, engages in electronics and mobile, film and television, music, games, digital services, and other businesses. It offers audio/video electronics, communications, and information technology products for consumer and professional markets worldwide; operates as a music publisher; and provides music services that feature local artists and international superstars. Its film and television operations include motion picture and television production, acquisition, and distribution; television networks; digital content creation and distribution; studio facilities operation; and the development of entertainment products, services, and technologies....

550 Madison Avenue

33rd Floor

New York, NY 10022-3211

United States

Founded in 1960

Phone:

212-833-6800

Fax:

212-833-6956

Key Executives for Sony Corporation of America

President, President of Sony Entertainment, Inc and Senior Legal Counsel of Sony Group
Age: 60
Chief Financial Officer and Executive Vice President
Chairman of Sony/Atv Music Publishing Division nad Chief Executive Officer of Sony/Atv Music Publishing
Age: 74
Group Chief Executive Officer of Sony Computer Entertainment Inc and President of of Sony Computer Entertainment
Age: 51
Director, Chief Executive of Sony Corporation and President of Sony Corporation
Age: 56
Compensation as of Fiscal Year 2016.

Sony Corporation of America Key Developments

Sony Announces New Addition to its Acclaimed Cyber-shot RX Lineup, the High-Zoom RX10 III Camera

Sony announced new addition to its acclaimed Cyber-shot RX lineup, the high-zoom RX10 III camera. Featuring a newly-developed 25x super-telephoto zoom lens with an extensive focal range of 24-600mm 1, the new RX10 III camera is able to produce high-quality content at a variety of focal lengths and camera settings that would require three or more large, heavy and expensive lenses for an interchangeable lens camera user. It's an outstanding choice for shooting anything from landscapes to distant wildlife and everything in between. The RX10 III high zoom camera is equipped with a 1.0 type stacked 20.1 MP Exmor RS™ CMOS sensor with DRAM chip and advanced signal processing, along with a powerful BIONZ X™ image processor. These components work together to ensure the higher possible image quality throughout the entire zoom range of the 24-600mm lens. Additionally, they are responsible for a variety of standout professional-caliber features including 40x super slow motion video capture at up to 960 fps, an ultra-fast Anti-Distortion Shutter with a maximum speed of 1/32,000 second, high resolution 4K movie shooting and more. The impressive 24-600mm ZEISS® Vario-Sonnar T lens on the Cyber-shot RX10 III camera features a large maximum aperture of F2.4 – F4.0, helping it achieve outstanding image quality throughout the entire zoom range, all the way up to ultra-telephoto. This differentiates it from many other high-zoom lenses that often struggle with light-gathering at longer focal lengths. The aperture unit itself has nine blades that are designed to create a near perfect circle in the F2.4 – F11 range, enabling shooters to create content with beautiful bokeh, where the subject stands out against a softly defocused background. In total, the extended zoom lens features eight ED glass elements including one super ED glass element, five ED glass elements and two ED aspherical lenses, which all work together to minimize chromatic aberration and deliver high-contrast, ultra-sharp image quality. It also has ZEISS® T Coating for minimizing flare and ghosting and delivering accurate, faithful color reproduction. The new lens has built-in Optical SteadyShot™ image stabilization that helps to reduce camera shake and image blur, in particular when shooting at longer focal lengths. When active, the OSS is equivalent to shooting at a shutter speed approximately 4.5 stops 3 faster than the current setting of the camera. Additionally, with a minimum focusing distance of 72 cm (2.36 ft) and 0.49x maximum magnification at a fully extended 600mm, the new lens is capable of producing amazingly detailed tele-macro images. The RX10 III features a back-illuminated 20.1 MP 1.0-type stacked CMOS sensor and BIONZ X image processing engine that allow the camera to achieves a wide sensitivity range of ISO 64 4 - ISO 12800 and produce images with exceptionally low noise, even at higher sensitivity settings. Additionally, the rear of the sensor has a DRAM chip that allows it to read and process large volumes of data exceptionally fast, enabling the camera to shoot super slow motion video at up to 960 fps. The powerful DRAM chip also allows the RX10 III to shoot continuously at up to 14fps with minimal blackout. With shutter speeds as fast as 1/32,000 second, the electronic shutter on the RX10 III minimizes image distortion at faster shutter speeds. It also offers silent shooting at all settings and speeds, ensuring all content can be captured quietly without disrupting the subject, a powerful feature when combined with the wide-ranging zoom lens. The new RX10 III model becomes the latest and most versatile Cyber-shot RX camera to offer the advantages of 4K (QFHD 3840x2160) movie recording due to its far-reaching 24-600mm lens, which gives videographers the luxury of shooting high quality 4K video from extreme distances. In 4K video mode, the RX10 III camera utilizes full pixel readout without pixel binning, capturing approximately 1.7x more information than is required for 4K movie output to enhance image detail and minimize moiré and jaggies. It achieves these high-quality results through use of the XAVC S codec, which records video at a high data rate of up to100 Mbps during 4K recording and up to 50 Mbps during full HD recording 5. The new camera also has a variety of other professional caliber video features including Picture Profile, S-Log2/S-Gamut, Gamma Display Assist, Time Code and more, as well as input for external microphone and output for headphone monitoring. The new RX10 III also possesses the ability to record super slow-motion video at up to 40x slower than the standard rate, allowing users to capture and replay fleeting moments of action with incredible detail, resolution and clarity. The new RX10 III camera is equipped with an impressive autofocus system with spatial object detection, allowing the camera to detect and predict motion of a subject before the shutter button is pressed, This helps the camera achieve an incredibly fast and efficient AF response when the shutter is halfway pressed, enabling it to lock on to a subject in as little as 0.09 seconds 8. This is a yet another compelling technology, especially when paired with a versatile, highly capable 25x zoom lens with a range up to 600mm. The new model features a high-contrast XGA OLED Tru-Finder™ with approximately 2.35 million dots of resolution, ensuring true-to-life image preview and playback functionality. The camera is also dust and moisture resistant and both Wi-Fi ® and NFC™ compatible, with the ability and can access Sony's growing range of PlayMemories Camera Applications. The new Sony Cyber-shot RX10 III extended zoom camera will be available this May for about $1,500 US and $2,000 CA, respectively. The new cameras and all compatible accessories will be sold at a variety of Sony authorized dealers throughout North America.

Sony Corporation of America Reports Consolidated Earnings Results for the Third Quarter Ended December 31, 2015; Announces Impairment Charge Related to Long-Lived Assets for the Third Quarter of 2016

Sony Corporation of America reported consolidated earnings results for the third quarter ended December 31, 2015. For the quarter, the company reported sales and operating revenue of JPY 2,580.8 billion against JPY 2,566.7 billion a year ago. Operating income was JPY 202.1 billion against JPY 182.1 billion a year ago. Net income attributable to the company’s shareholders was JPY 120.1 billion or JPY 93.33 per diluted share against JPY 90.0 billion or JPY 76.96 per diluted share a year ago. Sales were essentially flat year-on-year mainly due to increases in Game & Network Services (“G&NS”) segment sales, reflecting a significant increase in PlayStation®4 (“PS4”) software sales, and in Pictures segment sales, reflecting a significant increase in Motion Pictures sales, substantially offset by decreases in Mobile Communications (“MC”) segment sales, reflecting a significant decrease in smartphone unit sales, and in Devices segment sales, primarily reflecting a significant decrease in image sensor sales. The increase in operating income was primarily due to improvements in the results of All Other, the Pictures segment, the MC segment and the G&NS segment. Income before income taxes was JPY 193.3 billion against JPY 167.8 billion a year ago. The increase in consolidated operating income was partially offset by a significant deterioration in the operating results of the Devices segment, primarily due to deterioration in the operating results of the battery business, including the recording of a JPY 30.6 billion impairment charge related to long-lived assets in the third quarter of 2016.

Sony Music Entertainment Announces International Licensing Agreement with EGREM for Extensive Catalog of Cuban Music

The EGREM and Sony Music Entertainment are announced that as of September 15, 2015, they have entered into a licensing agreement for the international distribution of EGREM's catalog of Cuban music. The exclusive multi-year agreement encompasses audio and audiovisual recordings produced by EGREM since the 1960s. This constitutes the most extensive catalog of Cuban music in the world. It includes recordings by such artists as Bola de Nieve, Elena Burke, Ibrahim Ferrer, Compay Segundo, Celina Gonzalez, Cesar Portillo de la Luz and Guillermo Rubalcaba. The catalog also contains recordings by the musical groups Aragon, Irakere and Los Van Van, including their most recent album La Fantasia, A Tribute to Juan Formell. Sony Music has entered into the transaction with EGREM pursuant to the "informational materials" exemption under US sanction rules for Cuba administered by the Office of Foreign Assets Control. This exception applies to music and other works of art, and is intended to promote the free movement of information and artistic expression by the Cuban people.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 15, 2016
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