More Upheaval For Sony

(sub. req.): FT does a story on Sony, following the announcement of the upheaval/restructuring at the company…The second meteorite [for Sony] is the spread of the internet and high-speed broadband connections to it…”Most of Sony’s legacy products are designed for the reception and storage or editing of public broadcasting, such as TV,” says [Nobuyuki Idei, CEO of Sony]. “But now [with the internet] we have peer-to-peer file transfers.”

Mr Idei’s response has been to try to transform Sony into a company that can survive the broadband revolution. He paints a picture of Sony as a new kind of media company – one that uses the networks and content that are critical to the internet to add value to its products.