Sony Corporation and its subsidiaries engage in the development, design, manufacture, and sale of electronic equipment, instruments, and devices for consumer and industrial markets worldwide. The company operates in six segments: Electronics, Game, Music, Pictures, Financial Services, and Other. The Electronics segment designs, develops, and manufactures audio, video, televisions, information and communications, semiconductors, components, and other products. The Game segment designs and sells PlayStation, PlayStation 2 and PlayStation Portable game consoles, and related software, as well as licenses to third party software developers. The Music segment engages in the development, production, manufacture, and distribution of recorded music in various commercial formats and musical genres. It also offers CDs, MDs, DVDs, Super Audio CDs, and prerecorded audio and video cassettes, as well as produces and manufactures CD-ROMs and DVD-ROMs. The Pictures segment engages in the production, acquisition, and distribution of motion pictures, television programming, and home entertainment; television broadcasting; digital production and online distribution; and operation of studio facilities. The Financial Services segment comprises individual life insurance and nonlife insurance, leasing and credit financing, and Internet-based banking businesses. The Other segment primarily includes Internet-related service business, an animation production and marketing, imported general merchandise retail business, integrated circuit card business, and an advertising agency business. In addition, the company provides repair and servicing functions through its service centers, factories, authorized independent service centers, authorized servicing dealers, and its subsidiaries. The company was established in 1946 as Tokyo Tsushin Kogyo Kabushiki Kaisha and changed its name to Sony Corporation in 1958. Sony is headquartered in Tokyo, Japan.