TOKYO —
Sony’s operating profit was hurt by its financial services segment, which is being partially spun off next year. Sony's chief financial officer and president, Hiroki Totoki, said the company is reshaping its strategy to focus on its more profitable entertainment operations. In that report, first in the Wall Street Journal but also by The Associated Press, Sony Pictures and the private equity firm Apollo Global Management have expressed interest in buying Paramount Global for $26 billion.
In music, the most successful releases for the latest quarter included SZA’s “SOS” and Travis Scott’s “Utopia,” while Beyonce’s “Cowboy Carter” recently reached No. 1 on Billboard and other nations’ rankings. In February, Sony said it was cutting about 900 jobs in its PlayStation game division, or about 8% of its global workforce, citing changes in the industry that required restructuring.
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