Tony Vinciquerra and Kazuo Hirai: Sony Pictures Is Not for Sale
Vinciquerra, the newly named Sony Pictures Entertainment chairman and CEO, told about 3,000 employees that he didn't take the job because he was "interested in working on a sale."
Tony Vinciquerra made it clear to the troops Monday during an all-hands staff meeting that the asset he will run when he becomes Sony Pictures Entertainment chairman and CEO on June 1 is not for sale.
Vinciquerra told about 3,000 employees that he was "tired of M&A" and that he didn't take the job because he was "interested in working on a sale," according to some who attended the meeting at John Calley Park on the Sony lot in Culver City.
Sony Corp. CEO Kazuo Hirai reiterated the sentiments when he introduced Vinciquerra at the park on Monday.
"I will seriously put a sign on the water tower that says 'not for sale.' Don't dare me," he said as employees applauded.
Without offering too many specifics, Vinciquerra spoke of potential synergies with the parent company. Movie titles based on PlayStation games like Uncharted are of course possibilities, but the "synergies" could also mean new Sony technologies being used in the creation of television and film and more TV titles that make their way to film, or vice versa.
After about 15 minutes, the Sony employees were treated to corn on the cob and barbecued hot dogs, hamburgers and pulled pork.
"He [Vinciquerra] got a really great reception," said an attendee. "He was kind of running up to circles of people and introducing himself."
Sony said on May 11 that Vinciquerra would be the new CEO, taking over from Michael Lynton, who left in February to become chairman of Snap Inc., parent company of Snapchat.