Sony Pictures Entertainment recorded $288M in operating profits for the three months ending September 30, repping a 7% dip from the same period last year. Revenues in the division, however, were up 35% to $2.37B.
Reporting its full fiscal 2021 second quarter earnings this afternoon in Tokyo, Sony Corp said overall operating income at the electronics and entertainment giant was 318.5B yen ($2.8B), up 1% over the same period last year. Net income took a 54% hit, down to 213.1B yen (-18% when adjusted).
Sales increased 13% to 2.37T yen ($21B) thanks to a significant hike in the Games and Network Services, Pictures and Music segments. Bullish on the coming months, Sony upped its full-year 2021 operating profit forecast to a record 1.04T yen ($8.8B).
The Pictures division also saw its forecast increased — sales are expected to hit $10.4B (1.18T yen) for the full year with profits projected at $950M (108B yen).
For the Pictures segment’s second quarter,...
Reporting its full fiscal 2021 second quarter earnings this afternoon in Tokyo, Sony Corp said overall operating income at the electronics and entertainment giant was 318.5B yen ($2.8B), up 1% over the same period last year. Net income took a 54% hit, down to 213.1B yen (-18% when adjusted).
Sales increased 13% to 2.37T yen ($21B) thanks to a significant hike in the Games and Network Services, Pictures and Music segments. Bullish on the coming months, Sony upped its full-year 2021 operating profit forecast to a record 1.04T yen ($8.8B).
The Pictures division also saw its forecast increased — sales are expected to hit $10.4B (1.18T yen) for the full year with profits projected at $950M (108B yen).
For the Pictures segment’s second quarter,...
- 10/28/2021
- by Nancy Tartaglione
- Deadline Film + TV
You can now add sustained box-office might to Shang-Chi’s already-impressive array of superpowers. A week after the Marvel blockbuster’s record-breaking Labor Day roll-out, the film not only held on to the top spot with relative ease, thanks to its nearly $35.8 million sophomore weekend haul, it also roared past Black Widow to become the fastest film to reach the $100 million milestone in North America this year. The superhero tentpole also crossed the $250 million mark globally. Meanwhile, Warner Bros.’ latest chiller-thriller, Malignant, proved to be terrifying but in all the wrong ways, scaring up an underwhelming $5.5 million in its domestic bow.
The latest entry in the still-thriving MCU, Shang-Chi and the Legend of the Ten Rings has proven that Disney’s pandemic-era hybrid model (where it simultaneously released its splashiest titles in theaters and on Disney Plus for a $30 surcharge) may be becoming a thing of the past. In fact,...
The latest entry in the still-thriving MCU, Shang-Chi and the Legend of the Ten Rings has proven that Disney’s pandemic-era hybrid model (where it simultaneously released its splashiest titles in theaters and on Disney Plus for a $30 surcharge) may be becoming a thing of the past. In fact,...
- 9/12/2021
- by Chris Nashawaty <mail@boxofficemojo.com>
- Box Office Mojo
Focus Features landed another specialty success with The Card Counter, Paul Schrader’s biggest directorial opening in over 30 years since 1987’s Light of Day and with a likely No. 8 ranking at the North American box office this weekend.
The film – starring Oscar Isaac, Tiffany Haddish, Tye Sheridan and Willem Dafoe — ran in 580 theatres in 119 DMAs for a three-day estimate of $1.1 million and a per theatre average of $1,890. It’s 86% Certified Fresh after festival premieres in Venice and Telluride.
That’s the second-highest specialty opening of the year after documentary Roadrunner: A Film About Anthony Bourdain, also from Focus, which opened at nearly $2 million in 927 theaters (and finaled at $5.2 million). The distributor’s Matt Damon-starrer Stillwater has also had a strong run.
Like most Focus releases, The Card Counter has a 17-day exclusive theatrical window. President of distribution Lisa Bunnell told Deadline that’s key. So is marketing a title...
The film – starring Oscar Isaac, Tiffany Haddish, Tye Sheridan and Willem Dafoe — ran in 580 theatres in 119 DMAs for a three-day estimate of $1.1 million and a per theatre average of $1,890. It’s 86% Certified Fresh after festival premieres in Venice and Telluride.
That’s the second-highest specialty opening of the year after documentary Roadrunner: A Film About Anthony Bourdain, also from Focus, which opened at nearly $2 million in 927 theaters (and finaled at $5.2 million). The distributor’s Matt Damon-starrer Stillwater has also had a strong run.
Like most Focus releases, The Card Counter has a 17-day exclusive theatrical window. President of distribution Lisa Bunnell told Deadline that’s key. So is marketing a title...
- 9/12/2021
- by Jill Goldsmith
- Deadline Film + TV
This weekend’s box-office results justified Disney’s decision to provide theater-exclusive engagements for the remaining 2021 theatrical release schedule. Led by a very impressive second weekend for Marvel’s “Shang-Chi and the Legend of the Ten Rings” as well as strong holds for “Free Guy” and “Jungle Cruise,” the studio commanded nearly 80 percent of domestic ticket sales.
“Shang-Chi” provided the bulk, taking in almost $36 million in its second weekend. That’s down only 53 percent from its opening. That’s even more impressive after opening on a holiday weekend with an elevated Sunday gross.
It’s a high-end hold, much better than the 68 percent second-week drop for “Black Widow.” It also compared very well among pre-Covid, non-“Avengers” Marvel entries: “Captain Marvel,” which opened at double the gross of “Shang-Chi,” fell 56 percent, while “Ant-Man and the Wasp” fell 61 percent.
For its first 10 days, “Shang-Chi” outperformed “Black Widow” over the same period by $9 million.
“Shang-Chi” provided the bulk, taking in almost $36 million in its second weekend. That’s down only 53 percent from its opening. That’s even more impressive after opening on a holiday weekend with an elevated Sunday gross.
It’s a high-end hold, much better than the 68 percent second-week drop for “Black Widow.” It also compared very well among pre-Covid, non-“Avengers” Marvel entries: “Captain Marvel,” which opened at double the gross of “Shang-Chi,” fell 56 percent, while “Ant-Man and the Wasp” fell 61 percent.
For its first 10 days, “Shang-Chi” outperformed “Black Widow” over the same period by $9 million.
- 9/12/2021
- by Tom Brueggemann
- Indiewire
After its record-shattering Labor Day weekend debut, Shang-Chi and the Legend of the Ten Rings is set to rule the box office in its second weekend. The latest Marvel superhero movie has exceeded expectations, and there was a collective sigh of relief for the industry after over a month of disappointing box office returns. With confirmation that a blockbuster is still possible in the current environment, as well as the appearance that the current Covid-19 wave may be turning around, the future of the box office is finally looking brighter, even though the month of September is light on major releases. It has certainly given Sony some confidence, as they have moved forward the release date of Venom: Let There Be Carnage by two weeks to October 1.
Shang-Chi is the year’s second best opening weekend after Black Widow, but with its Labor Day holiday gross it was able to pull ahead,...
Shang-Chi is the year’s second best opening weekend after Black Widow, but with its Labor Day holiday gross it was able to pull ahead,...
- 9/9/2021
- by Sam Mendelsohn <mail@boxofficemojo.com>
- Box Office Mojo
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