For a few months now, Dan Loeb of Third Point has been criticizing Sony's management of their entertainment arm. In his view, Sony would be well served to spin off their entertainment arm, as noted by dealbook back in May:
Mr. Loeb said he believed that spinning off a portion of the entertainment business to Sony shareholders could sharpen the company's focus and lead to higher profit margins, while helping to revive the core electronics business.
Well, that was May, and recently, the discussion has become a little more rough around the edges. Third Point's letter to investors has all the hard and dirty verbiage:
Keeping entertainment underexposed, undervalued and underperforming is not a strategy for success
Now, at first look, you might think of it as a simple spat between a company and one of its larger investors. Well, you're not George Clooney, and George Clooney has a big problem with it. That, also, is pretty hilarious.