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Benzinga
Benzinga
Business
Shivani Kumaresan

EXPLAINED: Sony hopes to charge extra for entertainment provisions in its car wsj - The Real Truth

Sony Entertainment NYSE Kenichiro Yoshida Sony Group Corp Wall Street Journal
  • Sony Group Corp’s (NYSE:SONY) first car will include entertainment features like movies and video games, for which the owners will have to pay extra to gain access, the Wall Street Journal reported.
  • The report quoted Sony CEO Kenichiro Yoshida saying the car market is nearing a shift to a service model where customers will be pre-required to pay regularly for software downloads and entertainment.
  • Sony and Honda Motor Company, Ltd (NYSE:HMC) have formed a joint venture to sell electric vehicles beginning in 2025.
  • Price Action: SONY shares are trading lower by 0.35% at $92.32 on the last check Monday.
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