Sony Corporation of America
TypeSubsidiary
Industry
FoundedFebruary 15, 1960; 62 years ago (1960-02-15)
FounderAkio Morita
Headquarters25 Madison Avenue
New York City,
U.S.
Key people
  • Kenichiro Yoshida (Chairman, President & CEO)
  • Steven Kober (Executive Vice President & CFO)
Number of employees
33,234[1]
ParentSony Group Corporation
Subsidiaries
Websitewww.sony.com/content/sony/en/en_us/SCA/who-we-are/overview.html
Former headquarters of SCA in the Sony Building, in Manhattan.
Former headquarters of SCA in the Sony Building, in Manhattan.

Sony Corporation of America (SONAM,[2] also known as SCA), is the American arm of the Japanese conglomerate Sony Group Corporation[3]

SONAM, headquartered in New York City, manages the company's US-based businesses.[4]

Sony's principal U.S. businesses include Sony Electronics, Sony Pictures Entertainment, Sony Interactive Entertainment, Sony Music Entertainment and Sony Music Publishing.

It was reported in December 2016 by multiple news outlets that Sony was considering restructuring its U.S. operations by merging its television and film business, Sony Pictures Entertainment, with its gaming business, Sony Interactive Entertainment. According to the reports, such a restructuring would have placed Sony Pictures under Sony Interactive's then CEO, Andrew House, though he would not have assumed day-to-day operations of the film studio.[5][6][7] According to one report, Sony was set to make a final decision on the possibility of the merger of the television, film and gaming businesses by the end of its fiscal year in March of the following year (2017).[5] By January 2020, nothing had materialized.

Sony Corporation's investments in the United States

Sony Group Corporation has been investing in the United States since the 1960s. Sony is the tenth largest foreign direct investor in the United States, with investments worth more than $90 billion.[8] In 2021, more than half of Sony Corporation's revenue came from companies based in the United States.[9]

Spider-Man Film IP

In 1999, Sony acquired the Intellectual property movie rights to Spider-Man from Marvel Entertainment for $7 million.[10] The Spider-Man movie franchise has grossed more than $9.8 billion, making it the fifth highest-grossing movie franchise in history.[11] In 2021, Spider-Man: No Way Home became the sixth highest-grossing movie of all time.[12]

Sony Interactive Entertainment

In 2016, Sony moved PlayStation, Sony's biggest brand by revenue, to the United States.[13] The largest acquisition by Sony Corporation was American video game company Bungie for $3.7 billion in 2022.[14] The PlayStation 4 was the most profitable console ever, selling over 117 million units, making it the fourth best-selling console of all time.[15] Sony Interactive Entertainment's revenue was $25 billion in 2021.

Sony Pictures Entertainment

On November 9, 1989, Sony entered the film industry by acquiring Columbia Pictures for $3.4 billion.[16] Columbia Pictures is considered one of the "Big Five" major American film studios. In 2021, Sony Pictures Entertainment became the highest earning film production company in the United States.

Sony Music Entertainment

On January 5, 1988, Sony entered the music industry by acquiring Sony Music (formerly CBS Records) for $2 Billion. With the $8.9 billion revenue in 2021, Sony Music Entertainment is the second largest of the "Big Three" record companies, behind Universal Music Group and followed by Warner Music Group.

Sony Interactive Entertainment headquarters in San Mateo, California
Sony Interactive Entertainment headquarters in San Mateo, California

List of American companies acquired and owned by Sony Corporation

acquired Company Business Value Employees References
July 15, 2022 Bungie Video Games $3.7 billion 826 [14]
November 8, 1989 Columbia Pictures Entertainment Movies/Television $3.4 billion 9,500 [17]
January 5, 1988 Sony Music Music $2 billion 8,500 [18]
August 9, 2021 Crunchyroll Anime licensing/Video streaming service $1.17 billion 610 [19]
November 18, 2019 Game Show Network Basic cable channel $500 million [20]
July 2, 2012 Gaikai Cloud gaming $380 million
2022 Industrial Media Entertainment $350 million 115 [21]
August 19, 2019 Insomniac Games Video Games $229 million 420 [22]
November 9, 1989 Guber-Peters Entertainment Movies/Television $200 million
December 10, 2019 Silvergate Media Movies/Television $195 million [23]
July 9, 2002 Acuff-Rose Music Music publishing $157 million
July 31, 2017 Funimation Video streaming service $143 million 400 [24]
January 22, 2001 Naughty Dog Video Games 600 [25]
December 1, 2000 Bend Studio Video Games 130
August 2, 2011 Sucker Punch Productions Video Games 160 [26]
March 18, 2021 EVO Championship Esports [27]
September 30, 2021 Bluepoint Games Video Games 70 [28]
July 18, 2022 Repeat Esports [29]
March 5, 2012 The Orchard Music [30]
August 4, 2022 Right Stuf Video publishing 70 [31]
December 23, 2012 Ultra Records Music [32]
October 25, 2022 Pixomondo Visual effects 655 [33]

List of American Companies founded by Sony Corporation

founded Company Business Employees
May 9, 2002 Sony Pictures Animation Computer animated film 255
1999 Santa Monica Studio Video Games 300

List of stakes owned by Sony Corporation in American Companies

In 2022, Sony announced that it will invest more than 1 billion in Epic Games. In total, Sony's total investment in Epic Games is worth 1.45 billion and they own 4.9% of Epic Games.[34]

Company Business Value Stakes Percent % References
Epic Games Video games $1.45 billion 4.9% [35]
Discord Communication $100 million 1.4% [36]

Subsidiaries

Others subsidiaries

References

  1. ^ "Top Companies for | Find the Company".
  2. ^ "Sony Japan | Sony History 第10章 ソニーアメリカの設立". www.sony.co.jp. Retrieved March 24, 2021.
  3. ^ "Corporate Fact Sheet".
  4. ^ "Who We Are". Sony Corporation of America. Retrieved March 12, 2019.
  5. ^ a b Aldrich, Rachel (December 12, 2016). "Why would Sony merge its gaming and film units?". TheStreet.
  6. ^ Atkinson, Claire (December 12, 2016). "Sony considers merging gaming and film divisions". New York Post.
  7. ^ Cooke, Chris. "Revamp of Sony's entertainment business could more closely align Sony Music with Sony/ATV". Complete Music Update.
  8. ^ "The Largest Foreign Investments In The U.S." Forbes. Retrieved September 15, 2022.
  9. ^ Osati, Sohrab (August 6, 2020). "Sony Q1 2020 earnings overview: revenue 👆 2%, profits 👇 1%". Medium. Retrieved September 10, 2022.
  10. ^ Nick Evans (February 15, 2018). "Why Sony Only Bought The Rights To Spider-Man From Marvel". CINEMABLEND. Retrieved September 10, 2022.
  11. ^ Whitten, Sarah. "The 13 highest-grossing film franchises at the box office". CNBC. Retrieved September 15, 2022.
  12. ^ Rubin, Rebecca (January 23, 2022). "'Spider-Man: No Way Home' Swings to Sixth-Highest Grossing Movie in History With $1.69 Billion Globally". Variety. Retrieved September 15, 2022.
  13. ^ "StackPath". www.industryweek.com. Retrieved September 10, 2022.
  14. ^ a b Peters, Jay (July 15, 2022). "Bungie is now officially part of Sony". The Verge. Retrieved September 10, 2022.
  15. ^ Ali Jones (October 28, 2020). "PS4 is more profitable than any console in video game history". gamesradar. Retrieved September 15, 2022.
  16. ^ "Sony Completes $3.4-Billion Acquisition of Columbia". Los Angeles Times. November 8, 1989. Retrieved September 15, 2022.
  17. ^ "Sony Completes $3.4-Billion Acquisition of Columbia". Los Angeles Times. November 8, 1989. Retrieved September 10, 2022.
  18. ^ "Sony completes $2 billion purchase of CBS Records". UPI. Retrieved September 10, 2022.
  19. ^ Moore, D. M. (December 9, 2020). "Funimation officially acquires anime streaming service Crunchyroll for $1.175B". Polygon. Retrieved September 10, 2022.
  20. ^ Hayes, Dade (November 18, 2019). "Sony Acquires AT&T's 42% Game Show Network Stake In Deal Worth $500M". Deadline. Retrieved September 10, 2022.
  21. ^ Andreeva, Nellie (March 3, 2022). "Sony Pictures Television Acquires Industrial Media In $300M+ Deal, Restructures Its Unscripted Operations". Deadline. Retrieved September 13, 2022.
  22. ^ Reichert, Corinne. "Sony paid $229 million for Insomniac Games". CNET. Retrieved September 10, 2022.
  23. ^ Clarke, Stewart; Clarke, Stewart (December 10, 2019). "Sony Pictures Television Buys Silvergate Media, Producer of 'Octonauts' and 'Hilda,' for $195 Million (EXCLUSIVE)". Variety. Retrieved November 6, 2022.
  24. ^ John Eggerton (August 22, 2017). "Feds OK Sony Purchase of Funimation". Multichannel News. Retrieved September 10, 2022.
  25. ^ "Sony announces dual acquisitions". GameSpot. Retrieved September 10, 2022.
  26. ^ "SONY COMPUTER ENTERTAINMENT ACQUIRES SUCKER PUNCH PRODUCTIONS, DEVELOPER OF TOP SELLING INFAMOUS FRANCHISE". August 19, 2011. Archived from the original on August 19, 2011. Retrieved September 10, 2022.
  27. ^ "Sony Buys Evo". Kotaku. March 18, 2021. Retrieved September 10, 2022.
  28. ^ "Sony buys Demon's Souls remake developer Bluepoint Games". Eurogamer.net. September 30, 2021. Retrieved September 10, 2022.
  29. ^ "PlayStation continues esports expansion with Repeat.gg acquisition". GamesIndustry.biz. July 18, 2022. Retrieved September 10, 2022.
  30. ^ Christman, Ed; Christman, Ed (March 6, 2012). "Orchard, IODA Merging; Sony Music To Invest In New Company: Sources". Billboard. Retrieved November 6, 2022.
  31. ^ "Crunchyroll Purchases Anime Retailer Right Stuf". Anime News Network. Retrieved September 10, 2022.
  32. ^ Staff, Billboard; Staff, Billboard (January 24, 2013). "Ultra Music and Sony Announce Partnership, Patrick Moxey Named President of Electronic Music". Billboard. Retrieved November 6, 2022.
  33. ^ Tangcay, Jazz; Tangcay, Jazz (October 25, 2022). "Sony Pictures Entertainment Acquires VFX Company Pixomondo (EXCLUSIVE)". Variety. Retrieved November 6, 2022.
  34. ^ Stewart, Marcus. "Sony Invests $1 Billion Into Epic Games' Metaverse Development". Game Informer. Retrieved September 15, 2022.
  35. ^ "Sony makes $1bn investment in Epic Games 'to deepen relationship in the metaverse field'". VGC. April 11, 2022. Retrieved September 10, 2022.
  36. ^ Shaun Prescott (May 3, 2021). "Sony makes minority investment in Discord following halt in Microsoft buyout talks". PC Gamer. Retrieved September 10, 2022.
  37. ^ "Corporate Fact Sheet". Sony Corporation of America. Retrieved December 14, 2009.
    - "Outline of Principal Operations". Sony Corporation of America. Retrieved December 14, 2009.
  38. ^ "Company Overview of Sony Mobile Communications (USA) Inc". Bloomberg.
  39. ^ "Madison Beer Creates Ultra-Realistic Immersive Reality Concert Experience With Sony Music Entertainment and Verizon" (Press release). Sony Music. January 13, 2021. Retrieved January 13, 2021.
  40. ^ "Sony to Acquire Optical Archive Inc". Sony Corporation of America. May 27, 2015. Retrieved December 19, 2017.
  41. ^ "iCyt Mission Technology Renamed Sony Biotechnology" (PDF). Sony Corporation of America. October 18, 2012. Archived from the original (PDF) on November 19, 2012. Retrieved October 23, 2012.
    - "Sony Enters the Flow Cytometry Business in Life Science Field by Acquiring iCyt". iCyt. Archived from the original on February 15, 2010.
  42. ^ "Sony acquires Micronics, Inc., US diagnostic device development venture, Acquisition to accelerate development and commercialization of Point of Care diagnostic products". Sony Corporation. September 28, 2011. Retrieved April 6, 2012.

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