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Sony Pictures Entertainment (1987)
Type :
Summary
Sony Pictures Entertainment, Inc. is the television and film production/distribution unit of Japanese multinational technology and media conglomerate Sony. Its group sales in 2010 has been reported to be of $7.2 billion.
Sony Pictures Entertainment is a member of the Motion Picture Association of America .
Biography
On September 28, 1989, Sony Corporation obtained an option to purchase all of The Coca-Cola Company's stake (49%) in Columbia Pictures Entertainment, Inc. (CPE; Columbia Pictures, Tri-Star Pictures, etc.) for $27 per share. The next day, Sony also announced that it reached an agreement with Guber-Peters Entertainment Company, Inc. to acquire the company for $200 million when Sony hired Peter Guber and Jon Peters to head CPE. It was all led by Norio Ohga, who was the president and CEO of Sony during that time. On October 31, 1989, Sony completed a friendly takeover bid for the rest of shares (51%) of CPE, which was a public company listed on the New York Stock Exchange , and acquired 99.3% of the common stocks of the company. On November 8, 1989, Sony completed the acquisition by a "short-form" merger of its wholly owned subsidiary Sony Columbia Acquisition Corporation into CPE under Delaware law. Sony also completed a tender offer for shares of common stock of the GPEC on November 6, 1989 and acquired the company on November 9, 1989. The acquisition cost Sony $4.9 billion ($3.55 billion for shares and $1.4 billion of long-term debt) and was backed by 5 major Japanese banks Mitsui, Tokyo, Fuji, Mitsubishi and Industrial Bank of Japan. The company was renamed Sony Pictures Entertainment on August 7, 1991.
Sony has since created numerous other film production and distribution units, such as creating Sony Pictures Classics for art-house fare, by forming Columbia TriStar Pictures by merging Columbia Pictures and TriStar Pictures in 1998, revitalizing Columbia's former television division Screen Gems, and expanded its growth on April 8, 2005, when a consortium led by Sony and its equity partners acquired the legendary Hollywood studio Metro-Goldwyn-Mayer in a deal worth nearly US$5 billion.
On June 4, 2008, SPE's wholly owned group 2JS Productions B.V. acquired Dutch production company 2waytraffic N.V., famous for Who Wants to Be a Millionaire? and You Are What You Eat for £114.3 million ($223.2 million in US dollars).
On June 3, 2011, SonyPictures.com was hacked, resulting in over a million passwords and e-mail addresses being stolen.
Movie
- 2013
Elysium
Production- 2012
Django Unchained
DistributionA Música segundo Tom Jobim
DistributionUnderworld: Awakening
DistributionThe Vow
DistributionUniversal Soldier: A New Dimension
DistributionThe Lost Symbol
DistributionResident Evil: Damnation
ProductionGhostbusters III
Production- 2011
The Girl with the Dragon Tattoo
Distribution- More
TV show
- 2012
The Client List
Production- 2011
Mr. Sunshine
Production- 2010
Urban Wolf
Distribution- 2008
Achtung! Hartwich
Production- 2006
Runaway
Production'Til Death
Production- 2005
Gerry Anderson's New Captain Scarlet
Distribution- 2004
Huff
ProductionLa Niñera
Production- 2002
Lenore: The cute little dead girl
Distribution- More
Album
- 2010
In Soul Train
Record label- 2009
Cloudy with a Chance of Meatballs
Record label- 2002
J to tha L-O!: The Remixes
Recording studio- 2001
The Battle of Mexico City
Record label
Game
- 2007
God of War: Betrayal
Publisher
Videos
User reviews
Sources
Whole or part of the information contained in this card come from the Wikipedia article "Sony Pictures Entertainment", licensed under CC-BY-SA full list of contributors here.