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Sydnee Gatewood
Sydnee Gatewood
Articles (2467) 

Mario Gabelli Comments on Sony

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May 29, 2020 | About:
Sony Corp. (8.5%) (NYSE:SNE) (SNE – $59.18 – NYSE) is a conglomerate based in Tokyo, Japan, focusing on direct-to-consumer entertainment products supported by the company’s technology. Sony is the #1 integrated global gaming company and we expect the gaming segment to contribute over 1/3 of total EBITDA (ex-financial) in 2020 following the much anticipated launch of the PlayStation 5, probably for the 2020 holiday season. Sony Music Recording commands #2 and Music Publishing #1 global share. Sony also operates the Sony/Columbia film studio, which is well positioned in the OTT streaming wars as a major supplier of high quality library shows like Seinfeld and new movies like Bad Boys for Life. It is an image sensor leader with over 50% global revenue share and is the dominant supplier to Apple iPhone. Sony’s Electronics business is a globally diversified cash cow. It also holds majority ownership of Sony Financial Services. Sony has net cash on its balance sheet enables the company to manage through COVID-19; online game usage has increased dramatically with stay-at-home restrictions but business such as movies are impacted by production stopping and releases delayed.

From Mario Gabelli (Trades, Portfolio)'s Gabelli Value 25 Fund first-quarter 2020 shareholder commentary.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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