Japan-based Sony Corp. reported earnings for its fiscal fourth quarter on Friday that exceeded Wall Street’s expectations for the entertainment and technology company.
The Sony Pictures filmed division, which includes the motion pictures business as well as TV production and media networks, reported a profit of $245 million for the fourth quarter, compared with $300 million in the year-earlier period. The division reported profit of $489 million for the full year, which was an improvement compared with previous year’s $376 million.
Sony’s year at the box office was boosted by the performances of “Hotel Transylvania 3: Summer Vacation” ($529 million), “Venom” ($855 million) and “Spider-Man: Into the Spider-Verse” ($374 million).
Also Read: Sony Sells Majority Stake of Crackle to Chicken Soup for the Soul
The Sony Pictures movie division recorded revenue of $1.1 billion for the three-month period ending in March, which was down from $1.4 billion during the same quarter in 2018.
The Sony Corp. parent...
The Sony Pictures filmed division, which includes the motion pictures business as well as TV production and media networks, reported a profit of $245 million for the fourth quarter, compared with $300 million in the year-earlier period. The division reported profit of $489 million for the full year, which was an improvement compared with previous year’s $376 million.
Sony’s year at the box office was boosted by the performances of “Hotel Transylvania 3: Summer Vacation” ($529 million), “Venom” ($855 million) and “Spider-Man: Into the Spider-Verse” ($374 million).
Also Read: Sony Sells Majority Stake of Crackle to Chicken Soup for the Soul
The Sony Pictures movie division recorded revenue of $1.1 billion for the three-month period ending in March, which was down from $1.4 billion during the same quarter in 2018.
The Sony Corp. parent...
- 4/26/2019
- by Trey Williams
- The Wrap
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