Sony Aim To Streamline Their Company.

The company involved with consumer electronics, music and movies - aswell as our beloved Playstation - made their first fiscal loss in 14 years last year. As such Sony have embarked upon a restructuring plan that has seen the American Howard Stringer taking the title of president.

8,000 investors met in Tokyo for Sony's annual shareholders meeting. Stringer told investors that Sony were aiming to streamline the business.

"This reorganization is designed to transform Sony into a more innovative, integrated and agile global company," said Stringer earlier this year. These changes and reorganization "will now make it possible for all of Sony's parts to work together."

Sony's strengths lie in the wealth of in-house content they, theoretically, should easily be able to obtain. Alas Sony's parties have had difficulty communicating in the past. Hopefully the restructuring will allow communication within the company to become more efficient and as such, more profitable.

The restructuring will reportedly save Sony $3.1Billion over the coming year.