Sony (SONY) Shares Surge as Entertainment Business Drives Growth

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Dec 12, 2024
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Sony (SONY, Financial) continues its upward momentum in pre-market trading, rising by 2.6%, with the stock hitting new highs. Over the past month, Sony's shares have increased by more than 10%. This growth is attributed to a successful two-decade transformation, where its gaming, anime, music, and film entertainment segments now contribute nearly 60% of the company's total profits. Additionally, the market is closely monitoring Sony's potential acquisition of another major IP company, Kadokawa.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.