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 Send to email | Sony BMG: Mediocre Q4, Unpleasant Forecast in SNE |  By Silicon
el 14-May-2008 |
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 Neither Sony (SNE) or Bertelsmann provide much detail into the performance of their Sony BMG music label JV, but Sony's latest earnings release offers a few peeks, and they're not inspiring: For Sony's FY 07 (ended March 31 of this year), the JV saw sales drop 4%, a figure we assume has been buffed up significantly by the weak dollar.
But the company was able to boost profits via penny pinching (fewer records released means fewer marketing dollars spent, fewer people on the payroll means less overhead, etc): Income before income taxes nearly doubled, from $135 million to $257 million, on sales of $3.9 billion.
That might be it for good news. Sony doesn't break out the Q4 performance of the JV at all, except to say it recorded a net loss "primarily due to lower revenues in the current quarter which more than offset lower restructuring expenses". Most ominously, it predicts an increase in restructuring costs for the coming year, which we think can't be good news for the JV's remaining employees -- unless all of that money is being spent on Clive Davis' golden parachute.
See Also: Sony-BMG Reshuffles, Gives Clive Davis A Gentle Shove
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 | Kotaku`s The Gamers Guide |  Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Sony Issues Profit Forecast Shock Warning [PS3] | | Did you hear? The economy is in the shitter. Big companies like PS3 platform holder Sony are feeling the pinch. The company has now issued a whopper of a profits warning that cuts its earning forecast by 57 percent. Previously, Sony expected to pull in US$4.7 billion from its game consoles [..] Read complete article | | Published 23-Oct-2008 by Brian Ashcraft in PS3 News PSP Sony
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| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
Joystiq Joystiq |
| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Konami Forecasts Its Financial Statement [Business] | | Konami has released a forecast of its financial statement for the six month period ending September 30, 2008. This isn't the actual statement, but a forecast, which is a fancy way to say guess. Here we go: Compared to the same timeframe, net revenues are up 9.4 percent, the i [..] Read complete article | | Published 31-Oct-2008 by Brian Ashcraft in Business Konami Metal Gear Solid 4 News Original
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| Thoughts From Kansas | Blogger | Weblog of a University of Kansas ecology and evolutionary biology student, fighting for progressive politics, evolution, and endangered species.
Thoughts from Kansas You will notice that it lacks definiteness; that it lacks purpose; that it lacks coherence; that it lacks a subject to talk about; that it is loose and wabbly; that it wanders around; that |
| More Pesach goodness | | Kara explains:
In the story of Exodus, we learn much about the story of Passover, which involves shank bones, lice, blood smearings, and unpleasant stale crackers, much like the nurse's office in elementary school.Ma nishtana? Read the comments on this post... [..] Read complete article | | Published 21-Apr-2008 by Thoughts in Chatter
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| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
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| Mobile phones to save airlines, by exposing passengers | | How much privacy would you give up for cheaper flights?
Airline travel is set to get even more unpleasant, as hapless airline passengers face being hounded through airports by online advertisers as well as security, customs and perfume touting duty free sales staff.
TheRegister [..] Read complete article | | Published 23-Jun-2008 by Nerdblog in General
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| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
Joystiq Joystiq |
| Weekly Webcomic Wrapup: T is for Timely |  Filed under: Culture, Online, Polls
Stop the presses! We're on time! Pull out your party hats and streamers, this is indeed a momentous occasion of mediocre proportions! Here are our picks for the week's best game-relat [..] Read complete article | | Published 22-Jun-2008 by Ross Miller in webcomic
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