Latest in Sony Corp

Sony Corp logged a record $10.7 billion in net income for fiscal 2020, a 101% increase over the previous year thanks in part to the Games and Networks Services, Music and Film divisions. Still, the company, which unveiled its results in Tokyo on Wednesday, is cautious about the coming year, forecasting a roughly 4%…

EXCLUSIVE: Entertainment tech stalwart Deluxe has acquired Sony New Media Solutions, a division of Sony Electronics, in a deal the company says will boost its digital media supply chain capabilities. Sony NMS provides a range of platform services to media companies around the world, including Sony Pictures…

Sony Pictures Entertainment recorded a $212M profit in the third quarter of Fiscal Year 2020, good for a 316% upward swing versus the similar period in 2019. The profit increase for the three months ended December 31, 2020 was due to lower theatrical marketing costs and higher TV licensing and home entertainment sales…

Sony Pictures saw an 18% drop in second quarter profits to $299M from July-September versus the same period in 2019. However, the figures rep an increase on the first quarter's $230M which ended June 30 this year. Revenues across the division were off by $615M compared to last year while theatrical sales dropped to…

Despite the impact of the coronavirus pandemic, Sony Pictures Entertainment continued an upward trend in first quarter results with a $230M profit for the three months ending June 30, 2020. That compares to a $3.7M profit in the same quarter of 2019 and a $68M loss the previous year. While Sony Corp last quarter…

UPDATE, writethru: Sony Corp reported its full year 2019 earnings from Tokyo this morning with a 28.4% dollar increase in profits at Sony Pictures Entertainment. The division recorded $628M in operating income, up from $489M the previous year. The significant hike, which is through March 31, 2020, just after the corona…

UPDATED, with comments from Tony Vinciquerra: Sony Corp said today that it has launched a $100M fund to support those affected by the coronavirus. Titled the Sony Global Relief Fund for COVID-19, the electronics and entertainment giant’s pledge will provide assistance in three areas: individuals engaged in frontline…

Daniel Loeb’s Third Point Capital revealed Friday that it’s acquired a chunk of ViacomCBS stock, but the hedge fund did not indicate whether it’s planning to move into activist mode in the way that’s caused headaches for Sony and other companies. In an SEC filing, Third Point indicated it had acquired 2.75 million…

Sony Pictures Entertainment has recorded a $51M profit for the third quarter ending December 31, 2019. This is down 50% from the $102M Q3 profit it saw in the comparable period of 2018 which had benefited from the global success of Venom. Sony cited overall lower revenues for its theatrical films in the quarter…

Sony Pictures Entertainment has posted a 73% jump in profits for the second quarter, snaring $366M during the July-September period. This is the third straight Q2 to see significant increases in the film segment, and is largely attributable to Marvel sequel Spider-Man: Far From Home and Quentin Tarantino's Once Upon A…

Sony Corp. has rejected a proposal by activist shareholder Daniel Loeb of Third Point Capital to spin off its semiconductor business in order to unlock value in its entertainment holdings. Third Point, which has accumulated $1.5 billion in Sony shares since 2013, sent an open letter to Sony’s board in June outlining…

Reversing a trend, Sony Pictures Entertainment has posted an uptick in its first quarterly report of fiscal 2019. Unveiling Q1 results in Tokyo on Tuesday, the electronics and entertainment giant said earnings at the film division rose to $3.7 million (400 million yen) versus a $68M loss in the comparable period last y…