The fiscal year ended March 31 marks Sony‘s first full fiscal year in the black since 2008. The company reported earnings today in Tokyo saying it had a net profit of $458M compared to a $4.6B loss the year prior. Sales were up 4.7% and overall were boosted by a drop in the yen and the success of the film division. Sony Pictures Entertainment saw profit jump 40.1% to $509M helped by The Amazing Spider-Man and Skyfall. Sony has sold off assets in the past year as it streamlines, but it still faces stiff competition from the likes of Apple and Samsung. However, the company is forecasting profits will rise by 16.1% for the next fiscal year with sales in the camera, game, home entertainment, music and film divisions expected to increase significantly.
Sony Swings Back To Black With First Annual Profit In Five Years
What's Hot on Deadline
Sony Pictures Confirms Quentin Tarantino Deal; Margot Robbie, Tom Cruise, Brad Pitt, Leonardo DiCaprio Circling
Jeffrey Tambor Accused By 'Transparent' Actress Of Sexual Harassment; Actor Admits "Flaws," Says "Misinterpreted"
'The Royals' Female Cast & Crew Members Speak Out, Accuse Showrunner Mark Schwahn Of Sexual Harassment
Ryan Eggold, Who Played Fan Favorite Tom Keen In 'The Blacklist,' Joins Spike Lee's 'Black Klansman'
Latest Film News
- Fox And Viacom Lead Media Stock Rally Sparked By Merger Speculation
- ‘The Greatest Showman’ Songwriters Benj Pasek & Justin Paul On The Revitalization Of The Original Hollywood…
- Oscars 2018: A Look At Contenders In The Best Animated Feature Race
- Josh Hartnett & Margarita Levieva To Star In Crime Thriller ‘Inherit The Viper’
- Costume Designer-Turned-Helmer Courtney Hoffman To Direct Feature From Her ‘The Good Time Girls’ Short
- Deadline’s Podcast New Hollywood: Race-Specific Characters & ‘The 15:17 To Paris’ With Sinqua Walls