TELECOM Digest OnLine - Sorted: Sony Video Chief Admits Strategic Mistakes

Sony Video Chief Admits Strategic Mistakes

Monty Solomon (monty@roscom.com)
Thu, 20 Jan 2005 22:32:16 -0500

By YURI KAGEYAMA AP Business Writer

TOKYO (AP) -- Sony missed out on potential sales from MP3 players and
other gadgets because it was overly proprietary about music and
entertainment content, the head of Sony Corp.'s video-game unit
acknowledged Thursday.

Ken Kutaragi, president of Sony Computer Entertainment Inc., said he
and other Sony employees have been frustrated for years with
management's reluctance to introduce products like Apple Computer
Inc.'s iPod, mainly because the Tokyo company had music and movie
units that were worried about content rights.

Now, Sony's divisions are finally beginning to work together and
share a common agenda, Kutaragi said at the Foreign Correspondents
Club in Tokyo.

- http://finance.lycos.com/home/news/story.asp?story=46340016

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