Sony Pictures merges TV divisions

Sony Pictures TV Chairman Mike Hopkins is said to have sent out an email to the staff informing them that the studio is merging its television networks, home entertainment and distribution businesses under one executive.

by exchange4media Staff
Published - Jun 21, 2018 3:40 PM Updated: Jun 21, 2018 3:40 PM

Sony Pictures Entertainment is streamlining its television business to adapt to the changing entertainment industry, according to media reports.

Sony Pictures TV Chairman Mike Hopkins has reportedly sent out an email to the staff informing them that the studio is merging its television networks, home entertainment and distribution businesses under one executive. These businesses have so far been run separately.

The studio is also reportedly consolidating some other TV business operations and creating a direct-to-consumer unit.
The shuffle is expected to result in a small number of job cuts.

“I understand that these changes, following the restructuring earlier this year, will be a significant adjustment for many of you,” media reports quoted Hopkins as saying in the email.

“We’ve had to make some difficult decisions but they were important moves as we reorient our business to align with the realities of today’s marketplace,” he reportedly stated.

For more updates, be socially connected with us on
WhatsApp, Instagram, LinkedIn, Twitter, Facebook & Youtube

Stay updated with the latest news in the Marketing & Advertising sector with our daily newsletter

By clicking Sign Up, I agree to the Terms of Use and Privacy Policy.