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Sony Restructures its TV Business, Splitting it into Three
Tue Nov 01, 2011 at 12:00 PM ETTags: Sony, Industry Trends (all tags)
The company hopes that by splitting up the divisions, they'll be able to encourage more accountability and plug some of the leaks.
It's no secret that Sony's been struggling quite a bit when it comes to the TV business. They're not in a good place and they seem absolutely unable to take on competitors like Samsung and Vizio. A change in structure seems to be the necessary move.
Sony is taking some big actions to not only pinpoint the issues but fix them. Starting November 1st the company will split the TV business into three different divisions, one for LCDs, one for outsourced products and one for high-end next-gen TVs. This should allow each division to focus more clearly on what they need to do and help Sony to find the problems in their business models and fix them.
Another big move that Sony will be making is to sell off its 50 percent share in an LCD venture to Samsung, which they expect to do by the end of the year.
Source: Engadget
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