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Sony Aims For Hefty Jump In Movie, Tv Revenue Over Three Years


Ron Burgundy
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Various lights are cast on a logo of Sony Corp on a podium during its high resolution audio products unveiling event in TokyoBy Ritsuko Ando TOKYO (Reuters) - Japan's Sony Corp said it is aiming to lift its movie and TV revenue by more than a third in the next three years as it cuts costs and invests in potential hit films, including a new Spider-Man movie. Loss-making Sony has been under pressure to show its entertainment business can be a stronger contributor to growth after rejecting last year a proposal by U.S. hedge fund Third Point to spin off the segment, and as its mobile division flounders. ...




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