Sony Names New CEO to Steer Entertainment and Games Empire
Live Mint-- Sony Group Corp. is appointing Hiroki Totoki as chief executive officer, a stamp of approval for the longtime finance chief’s push to expand the Japanese company’s entertainment reach. Last year alone, the company expressed interest in potential acquisitions ranging from Paramount Global to domestic publishing house Kadokawa Corp. That focus on content — which spans PlayStation games, anime, music and movies — is bolstering revenue and profit at Sony. Recent earnings have underlined the power of a few hit titles — such as Chinese videogame hit Black Myth: Wukong — to sway Sony’s PlayStation business segment. This year, the company awaits blockbuster titles including Capcom Co.’s Monster Hunter Wilds and Rockstar Games Inc.’s Grand Theft Auto 6.
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