Many in my other blog post still , may not seem to get how the PlayStation LLC is allowed to remain Separate ran inside Sony Corporation.. This blog post is to show How.
A member was nice enough to post this counter argument for me:
[Short take: It makes no real difference, other than bean-counter and legal-dept headaches. The reality is that both divisions and wholly owned subsidiaries are part of the controlling entity--in this case, Sony.
That was my thought before doing a bit of searching, and now I've confirmed it.]
Actually it does make a difference and for many reasons you seem to not be aware of.
Well let's take the very main counter point to head by pointing out in very simple terms why it's not so easy to view such Corporation control & Management of a Subsidiary in that way..when you have set a Subsidiary in the Way PlayStation as a Subsidiary is set up.
First the main Sony Corporation board of Directors.
Now let's take a look at The PlayStation Subsidiary Corporation info & it's board of Directors .
Now if you notice
Outline of SIE LLC
Sony Interactive Entertainment LLC
San Mateo, California, the United States
Principal of Business:
Research, development and sales of PlayStation®
hardware, software, content and network services
2 million USD
Date of Incorporation:
Friday, April 1st of 2016
Fiscal Year End:
Directors in Charge and Member of the Board: Reference below
Directors in Charge and Member of the Board of SIE LLC
Andrew House, President and Global CEO
Kazuo Miura, Deputy President
John (Tsuyoshi) Kodera, Deputy President
Now say investors that own stock into the main Sony Corp want Sony to do something with the PlayStation LLC, but guess what, they can request, but since the only
Stock holder is an non alive Entity..IE:
the Sony Corporation itself..who sits on the board on The Sony Corporation? And who sits on the board of the PlayStation LLC?
IE: the Sony Corporation has a board and So does PlayStation LLC.. But Kaz sits on and among top on both companies board of Directors.
Investors & Stock holders of the main Sony Corporation has no say so or management of any or have any investments directly into the PlayStation LLC.
And since Kaz and the board are the representative of the Sony Corporation's invested interest into the PlayStation LLC , and the Head's of the board is the one who looks out for both companies vested interests are, you pretty much see they are both one and the same..
it is the board that gets to determine the control of PlayStation not investors or stock holders out side of the only one stock holder.
Which so happens to be in blunt terms a Corporation created Entity. Not even a live person.
Hedge fund manager asked Sony's board to have an initial public offering of the entertainment assets for 20% of the assets to atleast to be offered for public offering.. The board of directors gave a resounding vote of No..
Therefore, even a hedge fund management company with 7% controlling your interest into the entire Sony Corporation fails to have the board offer the entertainment assets for public offering, what does that tell you?
PlayStation LLC is generating profit and investments right back into not only itself, but has generated profits and new products to the market that has had high interest into the product on a consumer Level such as PSVR.
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