Sony Pictures Quarterly Profit Falls to $300 Million

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Sony Pictures Quarterly Profit Falls to $300 M Sony

Sony Corp. reported Wednesday in Tokyo that Sony Pictures saw its fiscal second-quarter operating earnings fall to $299 million as the novel coronavirus pandemic continued to weigh on the theatrical film business and hit advertising revenues.

Countervailing forces limiting losses were higher TV and film licensing revenues due to increased demand for home entertainment, and much lower marketing costs in the motion picture unit. Sony Pictures left its full-year sales forecast unchanged, but revised its operating income projection upwards by 7 billion yen, reflecting the increase in licensing demand for the studio's content.

 

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I have lost all interest in Hollywood. I’m tired of having an agenda thrust down my throat

They should try releasing some movies.

I wouldn’t be surprised is Sony sold off its film and tv division in the next 5 years. I could see Comcast or maybe even ViacomCBS shipping it up.

The horror!

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