Sony harnesses games, music and movies in race with Netflix, Disney

Japanese group's intangible assets give it shot at world's top entertainment company

20240103N Sony Yoshida

Sony Group CEO Kenichiro Yoshida holds a briefing on the group's entertainment business, which accounts for 60% of its projected fiscal 2023 operating profit. (Photo by Yuki Nakao)

KENTARO TSUTSUMI, Nikkei staff writer

TOKYO -- Will 2024 see Sony Group move closer to becoming the world's most valuable entertainment company? Over the past decade, the Japanese conglomerate has built up a base of content and other assets from which to aim for the top.

Sony Group held 3.78 trillion yen ($26.4 billion) in goodwill and other intangible assets as of the end of September, around 2.3 times the amount 10 years earlier. In December 2013, the finance-focused duo of Kenichiro Yoshida -- now chairman and CEO -- and Hiroki Totoki -- now president -- rejoined the group's leadership team.

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