February 27, 2009, 10:20 AM — Sony, which is set to report its first annual loss in 14 years, is implementing a company-wide reorganization that will combine its PlayStation, Vaio and Walkman businesses into one unit.
The new Networked Products and Services Group will include Sony's games console, personal computer, audio product, new mobile product and Sony Media Software and Services divisions. All of these products currently provide access, or will in the future, to the PlayStation Network, Sony's online content distribution system.
"This reorganisation is designed to transform Sony into a more innovative, integrated and agile global company with its next generation of leadership firmly in place," said Sony chairman and CEO Howard Stringer, who also adds president to his list of roles as part of the restructuring plan.
"Consumers want products that are networked, multi-functional and service-enhanced utilising open technologies, and user experiences that are rich, shared and, increasingly, green."
The changes, which will take effect on April 1, will create two distinct business arms at Sony. As well as the Networked Products and Services Group, Sony will have a consumer division focusing on televisions, digital imaging, home audio and home video.
