Showing posts with label Sony. Show all posts
Showing posts with label Sony. Show all posts

Monday, September 26, 2016

Why Sony and Wanda can make good partners - Ben Cavender

Ben Cavender
Ben Cavender
The surprise alliance between makes perfect sense, says retail analyst Ben Cavender to Reuters. Sony gets more access to the China market, and Wanda to Hollywood. And we might expect more tie-up between Chinese companies and global players.

Reuters:
The alliance will help Wanda extend its Hollywood footprint and further Wang's goal of making the group a global entertainment powerhouse. 
Wanda said in a statement on its website the tie-up would use its consumer-facing infrastructure to bolster Sony Pictures' presence in China, which is on track to surpass the United States as the world's biggest probably by next year, according to industry executives. 
"This partnership makes a lot of sense for both parties. Sony will benefit from smoother distribution and playback of its films in China and Wanda will be able to further integrate into the content development side of the business," said Ben Cavender, Shanghai-based principal of China Market Research Group. 
"We are going to see more cooperation going forward...Tie ups make sense because a lot of Chinese companies are also becoming interested in film financing as a form of investment," he said. 
This would be Sony Pictures' first partnership with Wanda, which has previously invested in movies made by Viacom Inc's Paramount Pictures unit, such as "Teenage Mutant Ninja Turtles" sequel, and would give Wanda a step into movie marketing.
More in Reuters.

Ben Cavender is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.

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Tuesday, December 09, 2014

Did Pyongyang attack Sony? - Paul French

Paul French
+Paul French 
High-end cyber unites, attacks on Sony, threats with nuclear weapons. North-Korea has not been short of themes for Hollywood new movies, but Pyongyang watcher Paul French doubts whether Kim Jong-un likes recent movie releases, he writes for Reuters.

Paul French:
It seems Kim Jong-un doesn’t like the new Seth Rogan movie, The Interview. Not surprising really, it’s a comedy about a fictitious plot to assassinate him. Now Sony Pictures has been the subject of a massive cyber-attack disrupting the company’s communications system and leaking upcoming movies – no more rogue DPRK nukes to keep us awake at night, but rather illicit downloads of a new version of Annie
North Korea has, unsurprisingly, been accused of mounting the attack and, equally unsurprisingly, denies it. But they may be on shaky ground. Last summer, when the movie’s plot was first announced, Pyongyang immediately responded, called on the U.S. government to ban the film and threatening a “merciless and resolute” response. In what may be a first for the United Nations, the secretary general was personally informed, by the DPRK’s ambassador, that a rom-com was an ‘act of war.’ The UN has declined to get involved in debating mild comedy... 
So they don’t like The Interview at all, they don’t like Seth Rogen much, and it won’t be playing at the regional multiplexes in Manpo, Hamhung or Wonsan because no American films will be playing in these towns and there are no multiplexes anyway. But do they hate it enough to cyber-attack Sony Pictures? 
Pyongyang says no, but there’s a lot of reasons to think yes. North Korea certainly has substantial cyber-warfare resources developed both in-house and, probably, with the help of the Chinese military and helpful hackers. As South Korea’s technical capabilities, brands and software engineering have become world class, so the North has had to try and keep up. While this has not meant a computer in every home (or even more than a handful in every town), a broadband nation or any North Korea conglomerate the equivalent of an LG or a Samsung, it has meant a highly developed military cyber-attack unit. The North is constantly prepared for war with the South and rendering Seoul electronically “dark” is a vital component of this. Additionally, cyber warfare suits the economically distraught DPRK – hi-tech cyber warriors with laptops don’t need masses of gasoline the way tanks, warships and fighter jets annoyingly do. That Sony is the American entertainment subsidiary of the Japanese parent may well have encouraged any decision to do a little cyber mischief making – Pyongyang remains in a state of insult slinging and perpetual tension with Tokyo. An American company with a Japanese parent embarrassed and rendered impotent electronically – a double whammy for the North.
More at Reuters.

Paul French is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.

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