Sony has named Kenichiro Yoshida, Executive VP, Chief Strategy Officer and Deputy CFO, as the company’s new Executive Vice President and CFO; Yoshida will replace Masaru Kato on April 1, according reports by various outlets. Sony, led by CEO Kaz Hirai, announced the personnel change on Friday (March 28).
Yoshida joined Sony in 1983, and has been deputy CFO since December 2013.
Kato will retire as CFO, but will remain a Director of Sony and become vice chairman.
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British music discovery company Shazam has narrowed its losses, increasing revenues by 42 percent in the last financial year, for a total of $51.6 million. Those numbers are up from $36.3 million the previous year.
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Amazon has denied a Wall Street Journal report that claimed Amazon is working on a free video streaming service as an alternative to its Prime Instant Video subscription, according to Billboard.biz.
“We have a video advertising business that currently offers programs like First Episode Free and ads associated with movie and game trailers, and we’re often experimenting with new things, but we have no plans to offer a free streaming media service,” an Amazon statement read.
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