Sony 2002 Annual Report Download - page 19

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17
Message from Top Management
Question: How are Sony’s entertainment companies preparing for the broadband age, and how do
their relationships with Sony’s electronics and games companies advance these efforts?
Stringer CEO, SCA Both SPE and SMEI are strong, profitable businesses today and are
prudently investing for the broadband future. They are leading their
industries in the digitization of their vast libraries, to fully realize
their economic and strategic value in new forms of digital distribu-
tion. In fact, nearly 1,000 films, 33,000 hours of TV programs, and
more than 500,000 songs (plus art work) have already been
digitized. This will facilitate the development and deployment of
digital entertainment services.
One of the important digital entertainment services we are
establishing is Movielink, which will enable the secure digital down-
load of films via the Internet. SPE plans to launch this service, along
with four other major studios, in late 2002.
Sony’s electronics and games devices provide key distribution
outlets for our services. For instance, Sony Music’s joint venture
pressplay online music service, launched with Universal Music in late
2001, is being integrated with Sony Electronics’ Net MD Minidisc
player, creating a portable and secure music download solution.
Similarly, Sony Pictures Digital Entertainment (SPDE) will build on
the success of its EverQuest online game by releasing versions on
PlayStation 2, the Sony CLIÉ, and the Sony Ericsson cellphone.
EverQuest, as well as SPDE’s creativity software, Screenblast, are
also pre-installed in a wide selection of Sony VAIO computers sold
in the U.S.