From Nasdaq: 2024-09-17 04:40:09

Sony Group, known for supplying content to streaming giants like Netflix, is now investing billions in creating original content. This “creation shift” aims to secure a larger share of the $3 trillion entertainment industry, with games, films, and music accounting for 60% of its revenue.

With global content spending reaching nearly $250 billion, Sony’s strategy shift positions it as a fully integrated media company. Leveraging its acquired IP, including successful games like The Last of Us, Sony is set to capitalize on its diverse media businesses and drive sales for the PlayStation 5.

Sony’s acquisition of Crunchyroll and its vast anime portfolio has positioned the company as a major player in the booming anime market. With 15 million paid subscribers and growing global reach, anime is proving to be a profitable segment for Sony. Coupled with growth projections, Sony is set to capitalize on the expanding anime audience worldwide.



Read more at Nasdaq: Here’s Why Sony Stock is a Buy Right Now