Latest in Sony Corp

UPDATE, writethru: For the fiscal year ended March 31, 2022, Sony Pictures Entertainment saw a 172% increase in operating income to 217.4 billion yen ($1.67 billion). Revenues hit 1,239 billion yen ($9.5 billion), up 55% versus the previous year. The significant jumps were primarily due to higher sales in all…

UPDATE, writethru: With a major assist from the phenomenal global box office performance of Spider-Man: No Way Home, Sony Pictures Entertainment has recorded a third-quarter profit of $1.314 billion, up a staggering 570% from the comparable period in 2020. Revenues saw a 122% increase to $4.063 billion versus the same…

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…

For the three months ended June 30, 2021, Sony Pictures Entertainment posted profits of $232 million, a 6% decrease versus the same period last year on a local currency basis (27 billion yen to 25.4 billion yen). Revenue was up 15% on a U.S. dollar basis to $1.87 billion. Films in theatrical release during fiscal Q1…

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…