We Will Not Discuss “Smurfs 2”
What we would expect is more disclosure and a more detailed plan for how they will improve profitability in their entertainment division, including specific profitability targets. We will monitor their performance in coming quarters and revisit Sony’s progress around the time of next year’s annual meeting.
— Third Point Capital CEO Daniel Loeb, whose hedge fund owns an estimated seven percent of Sony Corp., in an exclusive interview with Variety’s Ted Johnson. Sony rejected Loeb’s proposal to spin off 20 percent of its entertainment assets.