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What is fate of Sony's studios? (Sony Pictures Entertainment, motion picture studios) (Brief...

By McClellan, Steve
Publication: Broadcasting & Cable
Date: Monday, November 28 1994

While denying it's considering selling them, company says 'strategic alliance' is possible

In the wake of Sony's $2.7 billion write-down on the value of its Sony Pictures Entertainment (comprising the Columbia and TriStar studios and other programing assets), almost universal speculation is that the Tokyo-based electronics giant will sell all or part of those assets.

The Sony response to the speculation has been to downplay an outright sale-company executives have told Wall Street analysts that they have no intention of selling--but to confirm that Sony woul

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