No, it doesn’t affect Sony Pictures Entertainment. But now parent company Sony will form two new business groups: the Networked Products & Services Group, which will include Sony Computer Entertainment, as well as its PC and mobile devices businesses; and the New Consumer Products Group, which will include televisions, digital cameras and camcorders. Today’s eorganization comes after Sony posted record losses of $2.7 billion this year. Tell me, how does Sir Howard hang onto his job, especially after the PlayStation 3 screw-up? Some top execs are being reshuffled. But Stringer, the chairman/CEO, is giving himself the added title of president. I guess the position of “King” is still held by Akio Morita’s ghost.

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