Sony Builds Moat With Music, Games As Morningstar Raises Fair Value

1. Sony shifted to asset-light model focusing on content acquisition. 2. Sony's return on invested capital improved with diversified revenue streams. 3. Massive investments in Sony Music and PlayStation raised the company's 'moat' rating. 4. Sony's profitability increased due to digital distribution and business model transformations. 5. CEO Kenichiro Yoshida led a transformation making Sony more disciplined and profitable.