Sony Pictures CEO Michael Lynton recently had this to say in a meeting in Syracuse, NY:
“I’m a guy who doesn’t see anything good having come from the Internet…(The Internet) created this notion that anyone can have whatever they want at any given time. It’s as if the stores on Madison Avenue were open 24 hours a day. They feel entitled. They say, ‘Give it to me now,’ and if you don’t give it to them for free, they’ll steal it.”
In other news, Sony has just announced a $1.1 billion loss, and expect to lose a further $1.2 billion by the end of fiscal 2009 . Sony’s Entertainment division, responsible for pushing proprietary disc-based formats such as music CDs, Blu-Ray and the PSP’s UMD discs, have seen decreased sales.
Is Sony focusing on selling entertainment, or little circular bits of plastic?