Sony

“Mr. Morita came to see me and wanted to buy, get into owning content because he was upset that Betamax, which was a superior technology to VHS, was losing to VHS. So he wanted to own a studio”

“They're the largest video game console company and the largest video game publisher in the world.”

“Like in some years, in, in recent years, as other Sony businesses have stumbled, the life insurance business is contributing like 50% plus of their operating cashflow.”

“They're the largest music publisher and the second largest record label”

“If you look at the top game consoles ever sold, PlayStation has three of the top three, with the PS two is the best selling of all time, then the PS four, then the original PlayStation. They also have four of the top six because in the number six slot is the …”

“And they have the third largest Hollywood film studio on top of all of that.”

“They have something like 50% market share in the image sensor market broadly.”

“So for eight street years in the mid 2000, the television division, which was once, you know, one of the main crown jewels of Sony ends up losing money, like bleeding cash for eight years.”

“So November in 1976, MCA files a lawsuit. Against Sony for enabling copyright infringement.”

“30% of both revenue and profit right now come from gaming for Sony and that's at risk.”

“All in Sony sells a quarter billion walkmans in the life of the product.”

“The first of which was in 1970, they became the first Japanese company to be listed on the New York Stock Exchange.”

“Out of all of their segments, games, music, pictures, electronics, images, or imaging, and sensors, and financial services, there are zero single digit percent business lines in revenue or profit.”

“In 2014, 63% of Sony's total operating profit was Sony financial group.”

“We want to place an order for a 100,000 units that we're gonna bring over to America and sell through our channels... We want it to be the Belova TR-SI. We want to put our brand name on it, and I think Marita would later say that this was the single, like, big…”

“I feel like the Tesla brand and the experience and all about it is just like Sony back in the nineties.”

“Sony loses five billion dollars On the PS three in the first three years.”

“They don't know how to build fantastic software and services that differentiate their hardware. They just make great hardware.”

“Company culture and company values don't mean anything until they're tested. And when I don't think he used the phrase direct to consumer, but when they sort of decided they wanted to be a direct consumer company, that's cute and all until someone offers you a…”

“They get the blessing and a 190,000 yen investment in the new startup company. And over the next couple of years, the Morita family would put a little more money in over time and eventually own 17% of the company.”

“Apple is also growing their revenue twice as fast, even with the crazy high numbers that they have today at 30% per year versus Sony's 15% per year.”

“Apple by shifting down to just a few product lines and focusing on the integration of hardware, software, and services, not to mention pseudo monopolistic distribution channels like the app store have just built Like the greatest business in history and Sony …”

“As of 1999, the family controls a 10% share, which at the time was worth roughly five billion dollars.”

“And if you look at the performance of Spider-Man No Way Home, the one that just came out, that already grossed worldwide 1.7 billion in revenue. Remember, Sony is keeping 95% of that.”

“The original PlayStation sells over a hundred million units, and they win over all the major third-party developers to come over.”

“Cause famously, Akio Morita's goal with Sony was to transform made in Japan on a product from, oh, this is of low quality to, oh, this is of high quality.”

“Now, of course, we're talking about Sony buying Columbia pictures in 1989 for 3.2 billion dollars, but that was the equity purchase price. Ultimately, when they assume debt and a few other things, they spend about six billion dollars to buy Columbia pictures.”

“Ultimately, the TR-sixty-three ends up selling 1.5 million units at 25 dollars each”

“So he creates a founding prospectus for the company, which starts out that the purpose is to, quote, establish a stable workplace where engineers could work to their heart's content in full consciousness of their joy in technology and their social obligation.”

“I don't think Microsoft is going to like completely take the market from them now or possibly ever.”

“In 2006, they lose the number one market share lead in televisions for the first time.”

“And then the PlayStation two becomes the most successful console of all time. Over a hundred and fifty million units sold worldwide.”

“In 1982, Sony brings the first CD player to market, and then lots of other manufacturers follow suit. And the great thing is Sony and Phillips are getting royalties on all the hardware and all the discs being sold out there.”

“I think they're going to continue to have unbelievable gains above anyone else in the mobile imaging space. And I think that's going to only get more and more important.”

“For Some ungodly amount of time, like decades from when the Trinitron TV comes out. Sony is the number one by market share TV manufacturer in the world.”

“CBS Sony records. Which is the Japanese distribution arm of CBS's recorded music in Japan, becomes such a cash cow that within just a few years, it is the most profitable division for both Sony and CBS.”

“Sony has the right to produce Spider-Man movies forever. Yes, in perpetuity, as long as they release one every five years and nine months.”

“I think Sony doesn't know how to make computers, and as things become computers, they lose.”

“If the industry moves much more to subscription dynamics, I do think a lot of this power goes away. Switching costs become a lot lower. Network economies become a lot less powerful.”

“They are the second largest Japanese company by market cap behind only Toyota.”

“Within gaming, most of the sales are actually coming from digital software and add-ons, which is related to the PlayStation Network. Only, like, ten-ish percent is selling hardware”

“The sentiment on the board and in the company against Merida, Merida at this point is The CEO of Sony was so strong that he had to make a promise that if the initial 30,000 unit production run didn't sell by the end of the year that he would resign from Sony.”

“And I think you know, no Morita, no Sony, no iPhone.”

“The GDP per capita in Japan in 1946 was 17 dollars. Not 17,000 dollars, it was 17 dollars.”

“I mean, the craziest thing to me is if you look at the business as of the time we did the episode, they had five separate business units, all of which did a double digit percentage of their revenue. So it's super diverse and all of which did a double digit per…”

“I think it's going to come back to bite him in the ass over time.”

“Of the central media rights revenue, the broadcast deals like they've just done with WSG and Sony, and also the central sponsorship deals, 50%, one half of that, will get distributed out to the collective eight franchises to be distributed equally. But, here's…”

“Sony is now going to directly do a ten-year deal with the IPL for 2.4 billion dollars. So two hundred and forty million dollars a year. Quite a bit more than the sixty million dollars that they had paid for year one.”