Refresh for latest…: Sony Corp is reporting its full year 2019 earnings from Tokyo this morning with a 28.4% dollar increase in profits at Sony Pictures Entertainment. The division recorded $…
scored $797M worldwide, and early 2020 threequelIn reporting its full year figures, Sony noted that box office revenue has been severely impacted by the closure of movie theaters around the world amid thecrisis. The studio has not been able to release a portion of its already completed titles in theaters, moving a host of the slate into 2021.
Still, digital rental and sell-through for films which Sony released theatrically before the pandemic have been strong. In Television Productions, revenues are beginning to be impacted by delays in the delivery of shows to networks and digital distribution services. Overall, net income attributable to Sony Corporation’s stockholders was down 36% to 582.2B yen for the fiscal year.
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