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New president for Sony Entertainment

By | Published on Monday 2 June 2014

Nicole Seligman

Sony Corp has announced an expansion of duties for Nicole Seligman, who will become president of the conglom’s US-based Sony Entertainment division, which includes the firm’s two main music businesses, the Sony Music record company and the Sony/ATV music publishing powerhouse.

Seligman will retain her job as president of Sony Entertainment’s direct parent in the Sony hierarchy, Sony Corporation Of America, and will continue to have an albeit streamlined legal advisory role with the company, but will also have much more involvement in “developing overall strategy and growth opportunities, identifying and implementing efficiencies within and among the three Sony Entertainment companies, and expanding the businesses’ combined global footprint and influence”.

She will work alongside Sony Entertainment CEO Michael Lynton in her new job. He told reporters this weekend: “I sought out Nicole for this role and am thrilled to work with her to explore new ways to leverage Sony Entertainment’s business and creative assets into new opportunities for profitability and growth”.

Although Sony Corp’s much documented financial woes are in the main the result of problems in the Japanese firm’s consumer electronics businesses, there has been pressure on Sony Entertainment to save costs and perform better too, especially on the movie and TV production side.

Pressure has arguably increased since shareholder Daniel Loeb called for Sony Entertainment to be spun off and partly floated, forcing more financial accountability onto the film studios and music companies. While Loeb’s demands were knocked back, it has arguably resulted in the Sony entertainment firms being more heavily scrutinised.