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Media & Entertainment

Sony will invest $18bn to grow entertainment and sensor businesses

Japan corporate icon sets goal of signing up 1bn entertainment subscribers

"Sony is directly connected to about 160 million people in the world due to their desire to consume entertainment," President and CEO KenichiroYoshida says. "I want to expand this number to 1 billion." (Source photos by Sony and Koyoharu Gotoge/Shueisha, Aniplex, ufotable)

TOKYO -- Sony Group plans to spend 2 trillion yen ($18 billion) during the next three years to secure a dominant position as a gaming and anime provider and to expand its sensor business.

"When it comes to financial strength, our investment capability has increased," President and CEO Kenichiro Yoshida said on Wednesday during the conglomerate's annual corporate strategy meeting.

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