Sony Pictures merges TV divisions in major step to secure its digital future [Los Angeles Times (CA)]
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Source: Los Angeles Times
Sony Pictures merges TV divisions in major step to secure its digital future Sony Pictures Entertainment is streamlining its television business in a broader restructuring to adapt to the changing entertainment industry as new TV head Mike Hopkins puts his stamp on the company. The studio is merging its television networks, home entertainment and distribution businesses under one executive, Hopkins told staff Wednesday in an email obtained by The Times. Those businesses have traditionally been run separately — a structure that insiders said has become antiquated as the rise of digital media and streaming blurs the lines between home entertainment and TV networks. The Culver City-based studio is also consolidating some other TV business operations and creating a direct-to-consumer unit that includes streaming services such as U.S.-based Crackle and Japanese animation outlet Animax. The corporate shuffle is expected to result in a small number of job cuts, though studio representatives
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