Looking ahead, Sony Pictures revised its profit forecast for the full 2021 fiscal year upwards. The company now anticipates profits of $825 million from the pictures division, up from the $760.8 million forecast it issued in April. Total profits for the studio in 2020 were 79.9 billion yen .
At the group level, Sony Corp. reported a 26.3 percent rise in first-quarter profit, benefiting from a somewhat smaller than expected slip in pandemic-fueled demand for its PlayStation 5 gaming products. Operating profit for the quarter rose to $2.57 billion from 221.7 billion yen last year. Sony Corp raised its overall profit forecast for the full year through March 2022 to $8.98 from $8.53 .Sony’s entertainment sales were particularly strong in the music group, where profit climbed 56 percent from $326 million in Q1 of 2020 to $508 million during the period this year.More to come…
Source: News Formal (newsformal.com)
Venom 2 will make bank so I'm assuming they'll end the year in a stronger position. Need better writers in there movies though..
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