Sony Warns of $962 Million Goodwill Loss

Sony Corp. has revealed that Sony Pictures Entertainment will make an “impairment loss” of $962 million (JPY112.1 billion) in the three months to December, third quarter of its financial year. The announcement was announced jointly by Kazuo Hirai and Michael Lynton. The company said that it was a “non-cash loss.” It also said that it... Read more »

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