Sony's Stringer faces havoc at two units

Article Abstract:

Chief Executrive Officer Howard Stringer of Sony Corp. of Japan is facing political and financial struggles amongst the entertainment units that helped give him his appointment six months ago. Overall financial performance is down and there is an air of uncertainty. Also there is a standoff over the leadersip of the Sony BMG music unit.

Japan, Household audio and video equipment, Consumer electronics industry, Sony Corp., Company Profile, SNE, Stringer, Howard

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EMI is set to slash jobs, drop artists

Article Abstract:

UK recording company EMI Group PLC is expected to announce significant staff layoffs, marketing expenditure reductions and the release of artists as it undergoes a restructuring launched by Terra Firma Capital Partners Ltd. Terra Firma is a private equity firm that bought EMI for $6.26 bil in 2007.

Venture Capital Companies, Miscellaneous Intermediation, Personnel administration, Investors, not elsewhere classified, Prerecorded records and tapes, United Kingdom, Sound recording industry, Recording industry, EMI Group PLC, Terra Firma Capital Partners, Downsizing

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Hollywood revival: Tom Cruise, partner take stake in resuscitated United Artists; Redstone wishes them well

Article Abstract:

Tom Cruise and partner Paula Wagner have been given an ownership stake in United Artists Films, in an attempt to resurrect the company . Ms. Wagner will become the company's new CEO. Tom Cruise was dismissed from Paramount Pictures by CEO Sumner Redstone in August, 2006 .

Financial management, Securities issued, listed, Motion picture & video production, United States, Company investment, Investments, Beliefs, opinions and attitudes, Motion picture industry, Securities, Video production companies, Film and video production companies, Company securities, Paramount Pictures Corp., Cruise, Tom, Redstone, Sumner M., Wagner, Paula, United Artists Films

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