Sony Says It Won’t Sell Movie Unit Despite Nearly $1 Billion Write-Down – Wall Street Journal

TOKYO—A top Sony Corp. executive on Thursday ruled out selling any part of the company’s movie and television business after troubles in Hollywood led Sony to post a nearly $1 billion write-down.

“There is no chance we will sell the unit,” said Sony’s chief financial officer, Kenichiro Yoshida, at an earnings news conference.

He also said…


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