Sony targets $250M in cuts to movie studio

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Posted: Friday, November 22, 2013 12:00 am

LOS ANGELES (AP) - Sony Corp. says it plans to cut $250 million in annual costs from its movie studio by its fiscal year that ends in March 2016.

The target was outlined in a document presented at an investor day at the Sony Pictures lot in Culver City, Calif., on Thursday.

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