Sony Corp.’s Hollywood film studio began cutting jobs, including its head of technology, as the unit moves forward with $250 million in expense reductions pledged by Chief Executive Officer Kazuo Hirai.
Sony Corp. began a new round of job cuts at its entertainment division, a person with knowledge of the situation said, part of Chief Executive Officer Kazuo Hirai’s effort to improve profitability at the unit.
Sony Corp., which meets with investors this week about improving the company’s entertainment unit performance, has hired Bain & Co. to identify $100 million in cuts, a person familiar with the situation said yesterday.
Hulu LLC’s owners are in talks to sell a stake in the streaming service to Time Warner Cable Inc. as they seek to create a stronger competitor to Netflix Inc., according to people with knowledge of the situation.
Yahoo! Inc. shares jumped after Third Point LLC bought a 5.2 percent stake and urged the board to resign, saying directors erred in spurning takeover bids and hired a chief executive officer who wasn’t up to the job.
Groupon Inc. Chairman Eric Lefkofsky plans to devote more attention to Lightbank LLC, the venture capital firm he founded, while management at the online coupon company handles more of the tasks he initially oversaw there.