SPE distributes content in approximately 160 countries throughout the globe.

Strategy

This company defrays the high costs of production and distribution by partnering with other movie studios.

Mergers and Acquisitions

In 2019 Sony acquired AT&T's 42% stake in Game Show Network in a transaction worth a total value of $500 million. The deal gives Sony 100% ownership of the GSN, whose offerings are anchored by its namesake cable network that airs classic shows such as Jeopardy! and Wheel of Fortune as well as newer original programming and mobile and online games. Sony is integrating Game Show Network into the Sony Pictures Entertainment portfolio to add more content to its lineup. It purchased the company from AT&T, which is using the proceeds to pay down debt and generate cash from non-strategic assets.