The studio has had a tough year, hurt by the poor performance of several big-budget movies, including the
The disappointing box office run and poor financial performance has drawn the attention of activist shareholder Dan Loeb, who in May proposed that Sony make an initial public offering of a portion of its entertainment arm and has criticized management for being ineffective. Loeb's company, New York-based hedge fund Third Point, owns about 7% of Sony.
A representative of Third Point is expected to attend the meeting, which will feature Sony President and Chief Executive Kazuo Hirai.
The Los Angeles Times reported Monday that Sony was eyeing $100 million or more in budgets at Sony Pictures, and has hired consultancy Bain & Co. to examine the studio's expenditures. Bain, a Boston management consulting firm, is known for its ties to former presidential nominee
Sony's hiring of Bain is expected to be addressed at the meeting for buy- and sell-side investors.
Michael Lynton, the chairman and chief executive of Sony Pictures, and Amy Pascal, the studio's co-chairman, are also slated to speak at the Thursday event, called Entertainment Investor Day, according to the Tokyo-based company's website.
The gathering is not open to the public, but will be shown live in a webcast on Sony's website.
Other Sony executives slated to speak at the event are Steve Mosko, president of Sony Pictures Television;
In August, Sony rejected Loeb's proposal that the company should make an initial public offering of up to 20% of its entertainment arm, Sony Entertainment Inc., which includes the studio, Sony/ATV Music Publishing and Sony Music Entertainment.