Sony Pictures Entertainment is streamlining its television business to adapt to the changing entertainment industry, according to media reports.
Sony Pictures TV Chairman Mike Hopkins has reportedly sent out an email to the staff informing them that the studio is merging its television networks, home entertainment and distribution businesses under one executive. These businesses have so far been run separately.
The studio is also reportedly consolidating some other TV business operations and creating a direct-to-consumer unit.
The shuffle is expected to result in a small number of job cuts.
The shuffle is expected to result in a small number of job cuts.
“I understand that these changes, following the restructuring earlier this year, will be a significant adjustment for many of you,” media reports quoted Hopkins as saying in the email.
“We’ve had to make some difficult decisions but they were important moves as we reorient our business to align with the realities of today’s marketplace,” he reportedly stated.