Sony Takes $1 Billion Writedown in Movie Business

Sony is facing challenges in its Hollywood business, with underperforming films like Ghostbusters and Angry Birds, and a decline in DVD and Blu-ray sales. To address these issues, Sony is selling a stake in its successful M3 business to Goldman Sachs. Despite these challenges, Sony's PlayStation and smartphone camera divisions are performing well. The CEO is focusing on turning around the Hollywood segment by recruiting new leadership.

What other parts of Sony's operations are performing well?

What steps is the CEO of Sony planning to take to address the issues in Hollywood?