LOS ANGELES, Nov 19: Sony Entertainment, under pressure from hedge fund manager Daniel Loeb to improve the profitability of its film studio, has hired consultancy Bain & Company to help identify more than 100 million dollars in cost cuts through layoffs and other means, according to a source with knowledge of the move. Bain’s hiring is expected to be announced at a Sony investor meeting scheduled at the company’s Culver City, California studio lot on Thursday, according to the source. (agencies)
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