Big changes at Sony push stock price to record high
There has been a major reshuffling at the top of Sony's corporate structure. The stock market reacted enthusiastically.
There has just been a real earthquake in the structures of Sony company.
- Until now, Hideaki Nishino and Hermen Hulst tly held the role of CEOs of Sony Interactive Entertainment (the part of the corporation responsible for PlayStation). Starting April 1st this year, this will change and Nishino will be the only CEO.
- On that day, Hermen Hulst will take the lead of PlayStation Studios, which is a group overseeing the development studios belonging to the corporation. The former co-head of SIE will now report to Nishino.
- Also on April 1st, Hiroki Totoki, who has so far been the chairman of the board, will take over as the CEO of the entire Sony.
For now, it is unknown what impact all of this will have on the company. Hulst was one of the main advocates of the company's failed strategy of investing large amounts of money in game-services. Now he will be in charge of PlayStation Studios, so it's hard to assess whether anything will change in this matter. However, some people hope that these reshuffles will mean a greater focus on the Japanese market and, for instance, an attempt to compete in the category of portable consoles, as well as a reduction in investment in game-services.
It's worth to mention that the stock exchange welcomed these changes with enthusiasm. After the announcement of the decision, Sony's shares increased by 5%, and after a long-term rise, they have now reached the highest level in history.
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