At first, things went a bit downhill, with reported losses of over $2 billion.Īfter some time, though, things started looking up. Initially, this deep dive did not seem a good idea. Well, Sony had instantly become a major player in the worldwide film industry.
From Screen Gems to Warner Bros and even Coca-Cola, who bought the company in 1982 for $750 million dollars.Ĭoca-Cola would hold on to it until 1989, when Sony bought it for $3.4 Billion.
When it entered the television market in the ’50s, mergers and splits began. The Company’s early success came mostly due to its association with legendary filmmaker Frank Capra.
Columbia, along with four others, makes up what is known as The Big Five Film Studios. It remains one of the most successful film studios in history. Columbia Pictures Entertainmentįounded by brothers Jack and Harry Cohn, and Joe Brandt in June of 1918, the Cohn-Brandt-Cohn Film Sales Corporation would eventually become Columbia. Sony Mobile posted an operating revenue of around 350.5 billion Japanese yen (around US$3.1 billion) in the fiscal year of 2021. And in late October of that same year, it reported a year-over-year increase of around 25% in terms of its sales revenue. In the fiscal year of 2020, it made a profit of around $250 million. Experiencing very limited success with its Xperia line of smartphones.Īfter a few years of struggling and improvement, the company finally started turning a profit. At first, the company did not work too well against competitors like Apple and Samsung. This led to the founding of Sony Mobile in 2011. In March 2021, the company posted a total revenue of about US$8.27 billion, so it is easily the highest-performing segment in terms of its revenue.Īfter a 10-year joint venture with the Swedish telecommunications company Ericsson, Sony decided to go into the mobile phone market on its own. This company’s top operating segment is the games and network services division, which consists mainly of the very famous PlayStation brand. This is easily one of the biggest slices of the cake that makes up the Sony company. What Companies Does Sony Own? Sony Financial
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