Liz Strauss

This Isn?t Happiness

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Huntsville entertainment districts kick off tonight with arts and adult beverages to go

June 25, 2013

So, now that you'll have your glass of wine in hand, what can you do? Here are some suggestions: The Sidewalk Arts Stroll: Stroll on down to Gates Avenue where more than 60 artists will be displaying their wares during the Sidewalk Arts Stroll of the summer. The Huntsville Concert Band and the Rocketeers, a barbershop quartet, will be providing a musical backdrop for shoppers, and you can stop by the Historic Huntsville Foundation near Franklin Street to vote for your selection for Movies in the Park. The foundation is bringing back outdoor movies behind the Huntsville Museum of Art on July 26 . The foundation folks will also have discounts coupons for Harrison Brothers Hardware as well, and the store will be open for shoppers until 7 tonight. Arts Stroll hours are from 4:30 to 8:30 p.m.

Sony under pressure to spin off entertainment unit

Third Point hedge fund founder Daniel Loeb sent a letter on Tuesday to Sony CEO Kazuo Hirai urging him to set up a semi-independent board to run a spun-off and public entertainment company , Reuters reported. Loeb recently upped his fund's investment in Sony to 70 million shares, or almost 7 percent of the company, a stake worth around $1.4 billion. Related stories Sony may unveil new smartwatch next week Loeb has argued that Sony has been unable to successfully run its entertainment division, which includes Sony Pictures and Sony Music. In his letter, the hedge fund manager said that the unit lacks the "discipline and accountability" of rival companies, according to the Wall Street Journal. "In light of this track record, it seems difficult to argue that Entertainment would not be strengthened by the transparency that comes with public reporting, an active media analyst community evaluating financial performance regularly, and an expert board with strongly aligned incentives," Loeb added. Specifically, Loeb wants Sony to sell off 15 to 20 percent of its entertainment division as part of an initial public offering. Such a move could add as much as 60 percent to Sony's stock price, he said, according to Reuters. Loeb further wants Hirai to serve as board chairman for both Sony's electronics company and the spun-off entertainment unit.

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