Sony Entertainment has hired Bain & Company to look for at least $100 million in cost-savings, the New York Times reported. But early speculation about the move is that it will impact Sony Pictures more than Sony Music Entertainment or Sony/ATV Music Publishing, which fall under the Sony Entertainment umbrella.
The New York Times quoted a Sony spokesman saying specifically that Sony Pictures is conducting a review of its business to identify further efficiencies. Sony Corp, which posted a net loss of $196 million for the quarter ended Sept. 30, has faced increased scrutiny due to activist investor Daniel Loeb.
Sounds to me like they're bringing in The Bobs.
Have you ever had to face The Bobs to save your job?
The New York Times quoted a Sony spokesman saying specifically that Sony Pictures is conducting a review of its business to identify further efficiencies. Sony Corp, which posted a net loss of $196 million for the quarter ended Sept. 30, has faced increased scrutiny due to activist investor Daniel Loeb.
Sounds to me like they're bringing in The Bobs.
Have you ever had to face The Bobs to save your job?
