Sony Denies Reported Merger of Gaming and Film Divisions
Over the weekend, the New York Post reported that Sony was considering a merger of their gaming and film divisions, with Sony Interactive Entertainment President Andrew House gaining oversight of the studio. “There is talk they are going to merge SPE (Sony Pictures Entertainment) with PlayStation,” their source said.
A Sony spokesperson quickly responded to this report, saying, “This is nothing but baseless rumor and speculation. There are no plans to for [sic] Andrew House to oversee Sony Pictures.”
The New York Post adds that Sony’s film division is struggling, and sits at #5 in box office receipts this year, while the gaming division is succeeding, as evidenced by the PlayStation 4 recently crossing 50 million sold worldwide.
According to the sources, Sony is hoping to make its decision on the possible restructure by the end of the fiscal year on March 31, 2017, but nothing is concrete quite yet. As you may recall, Sony merged Sony Computer Entertainment and Sony Network Entertainment at the end of the previous fiscal year, creating Sony Interactive Entertainment.