Sony Sells Its Madison Avenue Headquarters For $1.1 Billion

[zakislam]

After paying off debt, Sony aiming to obtain around $770 million from sale.

Sony Sells Its Madison Avenue Headquarters For $1.1 Billion : Read more

 

[house70]

I wonder how much they spent (and keep spending) on their stupid DRM schemes, along with the cohort of lawyers to enforce them.

 

[A Bad Day]

[citation][nom]house70[/nom]I wonder how much they spent (and keep spending) on their stupid DRM schemes, along with the cohort of lawyers to enforce them.[/citation]

Reality Distortion Field is present everywhere unfortunately.

Though I suppose Sony's crimes (other than the rootkit incident back in 2001 and the PSN hack) is minor compared to EA's. Heck, EA's CEO stated that he wants a super micro-transaction in FPS games, charging 1 dollar or 10 cents for every magazine of bullets you use.

 

[A Bad Day]

EDIT: And the CEO, based on his tone and facial expression, was not kidding. He really thought that gamers wouldn't mind being dollar and dime'd to death.

 

[house70]

^ I don't buy EA games.

 

[greghome]

[citation][nom]A Bad Day[/nom]Reality Distortion Field is present everywhere unfortunately.Though I suppose Sony's crimes (other than the rootkit incident back in 2001 and the PSN hack) is minor compared to EA's. Heck, EA's CEO stated that he wants a super micro-transaction in FPS games, charging 1 dollar or 10 cents for every magazine of bullets you use.[/citation]
[citation][nom]A Bad Day[/nom]EDIT: And the CEO, based on his tone and facial expression, was not kidding. He really thought that gamers wouldn't mind being dollar and dime'd to death.[/citation]

Well, it teaches gamers to be mindful and not be wasteful

 

[DRosencraft]

Wonder what Sony intends to do with that cash. The obvious thing would be drop it into their pockets, or put it in R&D. But at this point, the PS4 is too far into development to think that it'd help R&D. Part of it at least is gonna have to go to leasing office space somewhere, especially if they're planning to sell their Japanese HQ too. BTW, Sony's CEO claims Sony will wait to announce the PS4 until after MSFT does... that's where they are right now.

 

[alidan]

sony needs to lose the sony premium price.
the days when sony was the best at tech are gone... their consumer grade cameras cant focus for crap compared to other brands and even other cheaper cameras...
their tvs, stacked next to cheaper brands, dont offer a compelling enough reason to warrent the 2X price difference.
and sony hasn't had a main stream product outside of gaming sense the walk man because they sit on great ideas till its to damn late... they could have had the ipod, but they waited till apple filled the market with "we are the best, be all end all, and we make things just work" and on one could really compete with them in a main stream setting there... and arguable never did, as the mp3 player went away and made way for the smartphones.

 

[A Bad Day]

[citation][nom]drosencraft[/nom]Wonder what Sony intends to do with that cash. The obvious thing would be drop it into their pockets, or put it in R&D. But at this point, the PS4 is too far into development to think that it'd help R&D. Part of it at least is gonna have to go to leasing office space somewhere, especially if they're planning to sell their Japanese HQ too. BTW, Sony's CEO claims Sony will wait to announce the PS4 until after MSFT does... that's where they are right now.[/citation]

I suppose they're doing the same thing as Nokia is doing. Besides, it looks better on the balance sheet and gives them more breathing room.

 

[falchard]

Sony finally realized having a large building in New York and Tokyo is stupidly expensive. Most companies realized that decades ago.

 

[connacht]

Atlas is shrugging...

 

[fatdoi]

back then Sony was an innovation company, walkman, trinitron and that's where they stayed, back in tape and CRT era..... anyone still remember MD, memory sticks? the only battle they won is bluray because they own Colombia pictures and refused to make hd dvd version... it's been a dying company like the Japanese economy for last 20 years.... Apple can take a good look at this one as the way they're going, they'll be like Sony in very near future..... no innovation and living on borrowed glory

 

[f-14]

rats always know when to flee a sinking ship!

 

[ivanto]

[citation][nom]fatdoi[/nom]Apple can take a good look at this one as the way they're going, they'll be like Sony in very near future..... no innovation and living on borrowed glory[/citation]
Apple innovations in the last 5 years include - iPhone (smartphones as we know today), iPad (tablet as we know today), Mac Book Air's (Ultra thin but powerful laptops), Apple TV (tiny tv boxes with no moving parts) and the AppStore software distribution model.

What other company comes even close to that kind of innovation track record? Innovation that create new product categories and generate loads of money.

-IvanTO