Word: videos
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Dates: during 1980-1989
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...largest communications ( concern, Fujisankei, paid $150 million to buy a 25% stake in Britain's hottest record company, Virgin Music Group. Fujisankei's holding is the biggest Japanese share in any British company. The deal will give Fujisankei, which owns the daily newspaper Sankei Shimbun and a music and video company called Pony Canyon, entree to the West. Says joint chairman Hiroaki Shikanai: "We want to dispatch our thoughts and our culture to the world...
...accounted for as much as half the ivory entering Japan in recent years. Kitagawa, 47, is a stern man who presides over an industry in turmoil. He was twelve when he was introduced to what has been his family's business for nearly a century. His showroom, scanned by video cameras and kept moist by humidifiers, features a towering ivory pagoda and cases filled with ornate carvings. His computers track the movements of tons of ivory. Half of Kitagawa's stock goes to making figurines, about a third to name seals and the rest to jewelry...
...movie was to go to a theater, a handful of Hollywood film studios shrewdly bought cinema chains to showcase their latest hits. Last week Japan's Sony put a new twist on this Hollywood strategy by plunging into the movie business as a way of selling its expanding video technology. In the largest-ever Japanese takeover of a U.S. company, the electronics giant (fiscal 1989 sales: $16 billion) snapped up Columbia Pictures Entertainment, agreeing to pay $3.4 billion and assume $1.2 billion in debts. Coming less than two years after Sony's $2 billion purchase of CBS Records, the acquisition...
Columbia represents Sony's chance to become one of the world's largest producers of what the entertainment industry calls "software" (movies, video and recorded music). Built on chairman and founder Akio Morita's devotion to technical innovation, Sony is diversifying into cultural products as the patriarch, 68, gradually hands over control of the company to president Norio Ohga, 59, an accomplished musician. While electronic goods account for 84% of Sony's current sales, the addition of Columbia will give the company a 60-40 split between hardware and software. Says Gordon Crawford, a senior vice president at Capital Research...
...VIDEO: When TV news goes Hollywood...