Sony Pictures is laying off hundreds of employees and changing its strategy towards streaming, gaming, and new content formats.

Sony Pictures Entertainment is undergoing a major reorganisation, which involves redundancies affecting several hundred people from film, television, and corporate divisions. The changes concern the global structure of the company and are expected to continue for several more months. However, the new CEO, Ravi Ahuja, emphasises that this is not solely about cost-cutting, but about repositioning the company towards new development directions that are expected to be crucial in the coming years.

New Sony strategy focuses on anime game franchises and content for digital platforms

Sony is clearly changing its priorities and wants to invest more in the development of major brands (franchises), game adaptations, and anime, as well as content created specifically for platforms like YouTube or streaming. The company also plans to better utilise its ecosystem by integrating film, television, and gaming. Examples are already visible, such as the series The Last of Us and the planned adaptation of God of War. As part of the changes, Sony is also merging some departments (e.g. game show) and shutting down less promising projects, such as the VFX studio Pixomondo.

Layoffs are a result of restructuring and not just cost-cutting, but the industry will still feel the effects

Although it is officially referred to as a “strategic adjustment,” the fact is that hundreds of people will lose their jobs, and the changes affect various levels of the company, including management positions. Sony wants to operate faster and more flexibly, adapting to a market that is increasingly moving towards streaming and content associated with major brands. This is another example of how the entire entertainment industry is undergoing transformation and moving away from traditional production models.

Sony is restructuring the company for the future, but at the expense of its employees. A greater emphasis on games, anime, and franchises shows where the industry is heading, but changes come at a price.

source: variety.com

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