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Wednesday, February 25, 2015

Sony to spin off video and audio units

Sony has struggled in recent years as it fell behind in fast-growing areas such as smartphones and flat-screen TVs. Sales of blu-ray DVDs have also declined with the growth of online movie streaming services, such as Netflix.

Splitting out divisions would help to make the company more nimble, making each operation more accountable for results, Mr Hirai said.

Sony spun off its TV unit last year and exited the personal computer business.

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