Sony Expanding Into Local-Language Films, TV Shows

Financial Times: Sony Pictures Entertainment is making a new push into some of the world’s fastest growing film and television markets by creating a new unit specializing in local language production. The company has hired Sanford Panitch, who built a similar business for 21st Century Fox’s studio, to run the new unit, part of a tilt towards the international market which extends to the movies Sony Pictures will be commissioning and developing at its Los Angeles headquarters.