A 6.1% increase in sales in its movie division helped Sony’s net profit power back in the company’s 2nd quarter compared to a loss same time last year. Salt, Grown Ups, The Karate Kid and The Other Guys were solid performers. Television revenues also increased due to higher advertising and subscription revenues from international channels. The company reported an overall profit of $375 million, compared with a $326 million loss in the same quarter of 2009. On the gaming side, Playstation performed well as did computer units. In the past year, Sony has cut thousands of jobs and has had to revise its outlook for 2010 in order to address the slow economy, the dollar’s declining value and increased competition.
Sony Profits Rise With Help From Film, TV
What's Hot on Deadline
Roman Polanski On Netflix Impact On Moviegoing: "I Don't Think It's A Basic Threat For Cinema" - Cannes
'This Is Us' Casting Director Discusses Reason Why New York Talents Are Being Discovered Later In Their Careers
Latest TV News
- Donald Trump Son-In Law Jared Kushner Discussed Secret Communication Channel With Russia: Report
- Stephen Colbert Explains How Donald Trump Alpha-Dogged His Way Through NATO Summit
- ‘The Simpsons’: Donald Trump Gets A Thank-You From Richard Nixon’s Ghost
- Viacom’s Great Program Migration: Guide To Which Show Moved Where
- MSNBC President Phil Griffin Signs New Deal; Whither Goest Lawrence O’Donnell?
- ‘The 100’ Ups Tasya Teles To Regular; ‘Supergirl’s Floriana Lima To Return As Recurring