Sony considers selling 50% of animation division
Sony Pictures Entertainment, in some sort of unpredictable blitzkrieg, is considering selling about half of its digital animation divisions (responsible for effects in the Spider-Man films and other stuff like Open Season). This action could net Sony upwards $500 million, according to a New York Times report. Investors think these divisions could move well into places like video games or television advertising.
With Sony selling off the Cell to Toshiba recently, it seems they might actually be in a bit of trouble, what with their gaming division posting heavy losses again in the most recent quarter (though the other divisions covered for the loss). Perhaps Sony has something else up their sleeve. Any guesses? We'd buy a Sony toaster, if it had a little plasma HDTV screen on the side.
