Dubai International Capital, an investor acting on behalf of the United Arab Emirates, has purchased an estimated $500 million worth of Sony shares, or around one per cent of the company,
reports.
"The combination of Sony’s truly global brand, its leadership position in product design and its global footprint will spur the business’ medium term growth,” DIC CEO Sameer al-Ansari stated.
The news has seen Sony’s share price climb by 4.6 per cent.
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![470 Pacific [Industry news] Pacific Standard Creative Launches as New Division of Pacific Standard Sound, Merging World-Class Film, Television, and Video Game Capabilities](https://mcvuk.com/wp-content/uploads/470-Pacific-310x165.webp)
Pacific Standard Sound (PSS), the award-winning sound design and full service post production and sound company whose work spans some of entertainment's most iconic properties, today announced the launch of Pacific Standard Creative (PSC), a new division purpose-built to serve the evolving storytelling and production needs of video game development studios, advertising agencies, trailer houses, and independent productions who demand world-class sound without compromise. Pacific Standard Creative will be helmed by industry veteran Eric Marks, who brings more than a decade of audio and engineering leadership, as well as two years as the Vice President of the Motion Picture Sound Editors (MPSE).
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