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Sony merges PlayStation businesses into new company

Written by Andre Yoskowitz (Google+) @ 26 Jan 2016 22:15

Sony merges PlayStation businesses into new company Sony has confirmed a new business structure for their existing PlayStation businesses, with the new company called Sony Interactive Entertainment.
Starting on April 1st, Andrew House will become SIE President and CEO. SIE merges Sony PlayStation Network Services, Sony Network International and Sony Computer Entertainment into one company based in the U.S. Local subsidiaries will also be set up home in Tokyo and in London.

"By integrating the strengths of PlayStation's hardware, software, content and network operations, SIE will become an even stronger entity, with a clear objective to further accelerate the growth of the PlayStation business," says House in a statement. "Along with our business partners, SIE will develop pioneering services and products that will continue to inspire consumers' imaginations and lead the market. We will work hard to maximize corporate value by coordinating global business operations across San Mateo, Tokyo, and London by leveraging local expertise."


Sony added: "It has become important for both SCE and SNEI to unify their business strengths under one entity with a single focus," and that the two former companies will "combine resources across their hardware, software, content and fast-growing network businesses, positioning [SIE] for enhanced competitiveness, continued expansion and market leadership in all areas."

SIE will be in charge of R&D for future PlayStation hardware, as well as software and network updates.

Source:
Verge

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