Sure if he wants to but that's really House's job now. I think Sony should let him present PS4.
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Kaz Hirai to be on CNBC today at 3:30PM EST.
- Thread starter bgassassin
- Start date
Sure if he wants to but that's really House's job now. I think Sony should let him present PS4.
I'm not entirely sure the current plan is about selling the entertainement business...
Aquamarine
Member
I would say that anyone who actually reads Sony's quarterly reports / fiscal year reports / any Sony investor / anyone who actually cares about Sony's inner mechanisms / anyone who has looked up Sony on Wikipedia would know about that.
Shao Kahn Brewing a Stew
Banned
Awesome! Please gift:
1. His angry stare when he got interrupted by that lady.
2. That stare photoshopped over something else.
Shao Kahn Brewing a Stew
Banned
AstroNut325
Member
I wrote down some bulletpoints of the interview.
* Split off proposal include 15-20% of entertainment assets
* Discussion needs to be at the board level, serious consideration needs to be given
* Too premature to speculate, looking to outside advisors for objective review
* Looks to continue to keep entertainment business as a positive for Sony's bottom line
* With proper focus, electronics and entertainment can turn around. Electronics losses have been cut halfway already.
* Has set up a senior management team for direct reporting on 2 parts of the company.
* For the PlayStation 4, make sure we have the best and compelling games, including networking and social aspects.
* Thinks the Prime Minister's policies are heading in the right direction, too early to tell for sure.
The weakening of the yen actually hurts versus the US dollar, but helps versus the Euro and overall.
* The new Xperia phone is the first product made by Sony since the Ericcson split, compelling device for the higher-end phone market.
* Company will not just become an insurance company, proud of its heritage in electronics and entertainment content.
* For the changing climate, needs employees that understand the international markets, especially young employees.
* Split off proposal include 15-20% of entertainment assets
* Discussion needs to be at the board level, serious consideration needs to be given
* Too premature to speculate, looking to outside advisors for objective review
* Looks to continue to keep entertainment business as a positive for Sony's bottom line
* With proper focus, electronics and entertainment can turn around. Electronics losses have been cut halfway already.
* Has set up a senior management team for direct reporting on 2 parts of the company.
* For the PlayStation 4, make sure we have the best and compelling games, including networking and social aspects.
* Thinks the Prime Minister's policies are heading in the right direction, too early to tell for sure.
The weakening of the yen actually hurts versus the US dollar, but helps versus the Euro and overall.
* The new Xperia phone is the first product made by Sony since the Ericcson split, compelling device for the higher-end phone market.
* Company will not just become an insurance company, proud of its heritage in electronics and entertainment content.
* For the changing climate, needs employees that understand the international markets, especially young employees.
Wishmaster92
Member
Yeah......strange
D
Deleted member 80556
Unconfirmed Member
Can anyone give me a summary of what was said? EDIT: Nevermind, somebody already did!
Well the OP says 3:30 EST, but should have been EDT, hence my mistake. I just converted to GMT and added 1 since we are in BST
Interfectum
Member
zomgbbqftw
Banned
Make less shit. Whatever they do make, make it awesome.
SMC need to learn this lesson, and fast.
I know everyone 'well known' and high profile will inevitably get internet fame, but how fucking weird for it be to be for Kaz, a CEO in quite often a very dry business profession, seeing (someone SURELY has linked him them all) these kind of GIFs. He's worked hard all his life and never sought celebrity, yet theres a whole legion of people willing to spend their time cutting out his head and pasting it on what appears to be a little rocking horse pony with a rocket strapped up its arse
I would pay very good money to watch a webcam of Kaz just sat at his computer reading through the GAF PS4 conference hype thread to see his reactions
YA HEAR ME SONY?
Acquiescence
Member
My Company President Can't Possibly Be This Handsome
DC1
Member
What a farce! I thought folks was going to jump through the camera to choke Kaz out " Why not drop everything and become an Insurance company.."
Here were some of the numbers in profit:
- The insurance division made 9 billion over the last 10 years
- I don't remember the exact number, but the entertainment division made several billion over the ast 10 years
- The electronic division (non games) had a collection 8 billion loss over the last 10 years
Kaz rebutted the notion with the following points (paraphrasing) :
1 - Sony has cut losses in the electronic sector in half within the last two years
2 - They are ahead of schedule in the projected turnaround of the E-Division
3 - Sony's will continue to delivery excellent production that will be compelling to their consumer base (references new Xperia and TVs)
Here were some of the numbers in profit:
- The insurance division made 9 billion over the last 10 years
- I don't remember the exact number, but the entertainment division made several billion over the ast 10 years
- The electronic division (non games) had a collection 8 billion loss over the last 10 years
Kaz rebutted the notion with the following points (paraphrasing) :
1 - Sony has cut losses in the electronic sector in half within the last two years
2 - They are ahead of schedule in the projected turnaround of the E-Division
3 - Sony's will continue to delivery excellent production that will be compelling to their consumer base (references new Xperia and TVs)
DC1
Member
Ha! I was just about to point you there!
StevePharma
Member
My Gaifu
yosp said he showed him some of those images
bigboss370
Member
its up: http://www.cnbc.com/id/100004038
Shao Kahn Brewing a Stew
Banned
*waits for stare gifs*
Nah, they need to create large install base fast, and to continue pushing awesome 1st party content.
PS4 will be 400$, possibly less. Nothing in it is a complicated custom piece of tech.
Agreed, friend. I look forward to the reaction gifs when Sony announces dat sweet $399 price.
DC1
Member
GHG
Member
He's not leaving electronics behind. Cut losses, focus on better tech, promote it heavily. Thay are already on a good path.
So much photoshop potential with this its unreal.
DC1
Member
Where is it? In insurance?
Lol!
Yeah.. I had to fix it. Its under entertainment. Most folks incorrectly assume that its in the electronic division.
Edit:
I see your point, the slide breaks out Film and Music and then Electronics.. kind of hard to parse it that way.
zomgbbqftw
Banned
Anyone has loss numbers over last 10 yeas for each of those sub-categories?
mysteriousmage09
Member
TV division if probably half of the loss.
I don't think we have info for all of them. I do remember reading over and over again that their TV subcategory is the worst one and the game one was doing okay over the last few years (not a loss, but not a big profit either).
DC1
Member
I wouldn't be so sure. Sony did a "Redistricting" of there product lines a couple of years ago and classified Gaming/PS4 as entertainment
Here are the lines/Branches:
Branches: Audio, video, television, video games and -hardware, film, finance, computer hardware, mobile devices.
Not betting my tiny toe .. I just remember them doing it and thought it was pretty darn interesting.
RadarScope1
Member
This is a decent summary but a couple of things are missing or incorrect.
He said with the right focus the electronics biz can be profitable. The entertainment biz is very profitable at this time. (CNBC broke Sony into three sections in its sidebar: financial services, entertainment and electronics. I personally don't know where Sony puts gaming within those last two categories.)
Also, one key thing he said about any potential spinoff was that not only that entertainment helps the bottom line, but that really no other large company in the world has both a deep content AND electronics hardware biz. Content can help drive hardware. This was a key statement to me as a gamer.
Finally - you got the part about direct reports wrong. Kaz has let go all but 2 of his direct reports in the last year since becoming CEO. In other words, he fired nearly all of his management team and installed hand-picked people as they become a more integrated and focused company.
Overall a good interview for as short as it was. He's a smart guy. I have very good vibes about the next few years for the Playstation brand.
zomgbbqftw
Banned
It's difficult because they messed around with the organisation for so long. At one point TVs and gaming were merged and it was very difficult to get a fix on what was responsible for the losses.
The only figure I know for 100% is that the TV division has lost around $8bn over the last 9 years. It's Sony's biggest money sink without a doubt, worse than PS3 IMO.
I'd bet at least 75%. Display manufacturers are struggling.
WolfForager
Member
Just watched it. Very interesting interview, but my god that woman's voice is annoying.
Kaz seems damn certain that the electronics business can be turned around. How much of that 8 billion dollar loss was in the last few years versus the early 2000s?
Kaz seems damn certain that the electronics business can be turned around. How much of that 8 billion dollar loss was in the last few years versus the early 2000s?
anexanhume
Member
Yes, so weak yen hurting against the USD should quell hopes of a $349 priced console.