Sony's entertainment pivot pays off with stock price record

Investors eye potential for yet more growth in booming games, music and film

20241211N Sony Yoshida

The success of Sony's entertainment business has been fueled by a broad intellectual property portfolio. (Sony Group)

KYOKA YUASA and KOHEI ONISHI, Nikkei staff writers

TOKYO/LONDON -- Sony Group's share price set an all-time high on Wednesday for the first time since the tech bubble, reflecting the company's efforts over the past quarter-century to transform from an electronics giant to a sprawling entertainment empire.

The stock reached an intraday high of 3,398 yen, climbing 2% from Tuesday's close to edge past its March 2000 peak. Sony's valuation of more than 20 trillion yen ($131 billion) is the third highest in Japan behind Toyota Motor and Mitsubishi UFJ Financial Group.

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