Sony to Cut 250 Jobs at Recordable Media Business in Japan
Sony Group Corp. is reducing its workforce by 250 employees at its recordable media business in Japan due to declining demand for Blu-ray discs. The company will offer early retirement packages as it plans to stop production of optical disc storage media products.
Disney & Sony Ink Deal for Sony to Take Over Disney’s Physical Media Production, Disney Movie Club to Shut Down
Disney and Sony have inked a major deal for Sony to take over all of Disney’s physical media production, leading to the shutdown of the Disney Movie Club. This signifies a major shift in the home video industry and will have a significant impact on the production and distribution of physical media for Disney movies in the future.