Sony Pictures CEO Ravi Ahuja Says No Plans for ‘Extremely Disruptive’ Large Scale M&A
"In the end, you come out having just achieved a lot of cost synergy and I'm not sure the business is necessarily stronger," the executive tells a Bank of America investor conference The post Sony Pictures CEO Ravi Ahuja Says No Plans for ‘Extremely Disruptive’ Large Scale M&A appeared first on TheWrap .
Sony Pictures CEO Ravi Ahuja has stated the company has no plans for "large-scale M&A," warning it could be "extremely disruptive" to the business. Ahuja explained that M&A processes and integration work can set a company back for years. He emphasized that the industry is dynamic and evolving, and companies should position themselves for its future evolution rather than focus excessively on M&A.
Ahuja noted that Sony Pictures being part of the conglomerate's larger portfolio provides benefits and there are no plans to spin the studio out. Sony's recent investments include acquiring a majority stake in "Peanuts" and a minority investment in Cosm. The company has produced adaptations of popular games like "The Last of Us," "Uncharted," and "God of War."
Ahuja expects growth in short-form and user-generated content and believes AI will take time to make a meaningful impact on the industry.
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