Sony Pictures Quarterly Profit Rises to $230 Million

  • 📰 THR
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

Sony Pictures grew its profit to $230 million in the fiscal first quarter, from a year-ago profit of $3 million amid the coronavirus pandemic

Sony Corp. on Tuesday Tokyo time reported that Sony Pictures grew its profit to $230 million in the fiscal first quarter from a year-ago profit of $3 million despite nearly no theatrical revenue due to cinemas being closed amid the coronavirus pandemic.as showcased in NBCUniversal'sThat and growth in home entertainment and TV production helped Sony continue a trend of improved results for its studio arm for the first quarter.

In the TV networks segment, meanwhile, revenue fell 21 percent to $419 million, and TV distribution posted an 18 percent drop to $258 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

❤️🌹❤️🌹❤️🌹❤️

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Film and TV Deliver $230 Million Profits as Sony Earnings Surge By 53%The Pictures Division of Japanese entertainment and tech giant Sony achieved operating profits of $230 million in the April to June quarter. The wider corporation enjoyed a 53% increase in net inco… AmericanShtpost I hereby welcome our new Japanese overlords. How much did Ghostbuster: Afterlife and Morbius make?
Source: Variety - 🏆 108. / 63 Read more »

From Balcony to Record Deal: Stay Homas Emerges From Lockdown With Sony Contract and Tour.stayhomas went viral with videos made on their terrace and now their first 2021 tour dates sold out in two hours. stayhomas Great news when the streets rise 💡 In time the world will hear of The Popin Boys & Their GOODYBAG 🎁
Source: billboard - 🏆 112. / 63 Read more »

Here’s How Sony And Microsoft’s Game Of PS5-Xbox Series X Price Chicken Will EndSony and Microsoft are still playing price chicken with PS5 and Xbox Series X, but it's becoming clear how it's going to end. drunkgamerette
Source: Forbes - 🏆 394. / 53 Read more »

Seth Rogen Talks Why Sony Turned Down Another Hit Of ‘Pineapple Express’The 2008 comedy Pineapple Express was a hit with audiences and a box office success, earning over $100 million worldwide so it had all the ingredients for a sequel and it was about to all happen &…
Source: DEADLINE - 🏆 109. / 63 Read more »

Film and TV Deliver $230 Million Profits as Sony Earnings Surge By 53%The Pictures Division of Japanese entertainment and tech giant Sony achieved operating profits of $230 million in the April to June quarter. The wider corporation enjoyed a 53% increase in net inco… AmericanShtpost I hereby welcome our new Japanese overlords. How much did Ghostbuster: Afterlife and Morbius make?
Source: Variety - 🏆 108. / 63 Read more »

AIG quarterly profit tumbles on catastrophe losses, private-equity lossesInsurer American International Group Inc on Monday posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower private-equity returns. Oh I know let’s bail me out .. paging Maurice Greenberg!
Source: Reuters - 🏆 2. / 97 Read more »