Companies didn't, leadership did. For a big, fat check. And they're happily retired now, sitting in their expensive villas with millions on their balance.
They couldn't care less about your happy childhood memories that the content produced by their predecessors engraved in your mind.
Really, it is probably an inevitable and somewhat healthy feature of life and the business cycle, but it is also baffling to witness.
When I was at Amazon, I came away feeling that the gap between retail and Amazon was too large and the disruption was warranted. But in the case of Sony, it feels they were so much closer to the space that it feels like a much bigger own goal...