Latest in Sony Pictures Entertainment

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…

Sony Pictures Entertainment has closed offices in London, Paris and Gdynia, Poland, for the rest of this week as a precautionary measure against coronavirus. The number of cases rose sharply in the UK today, increasing to 85 from yesterday's figure of 51. This morning, the UK's Chief Medical Officer Chris Whitty told B…

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…

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…

Shares in Sony Corp. on the New York Stock Exchange climbed more than 3% Friday to close at $51.35 and rallied as much as 4% on Japan’s Nikkei after a new proposal by activist investor Daniel Loeb to break up the conglomerate. Loeb, whose Third Point hedge fund has accumulated a $1.5 billion stake in Sony since first…

Sony Pictures Entertainment this morning held its annual all-hands meeting for employees from all divisions. The yearly “State Of the Union” featured appearances by Spider-Man: Into The Spider-Verse’s Chris Miller, on the heels of him and partner Phil Lord signing a mega deal with Sony Pictures Television, and by Quent…

Sony Corp is reporting its full year 2018 earnings from Tokyo this morning with a 30% hike in profits at the Pictures division to $489M. For the fiscal year ended March 31, 2019, the electronics and entertainment giant overall increased operating income by 22% to $8B. Sony Pictures Entertainment did see a 3%…

Sony Pictures Entertainment has posted a $209M profit for the July-September period, a significant increase on last year's similar quarter which logged $68M in earnings while last quarter saw a $68M loss. The jump is thanks in part to the robust global box office of Hotel Transylvania 3: Summer Vacation which has…

Sony Pictures Entertainment boss Tom Rothman announced today that Michael Marshall will move from President of Business Affairs for Columbia Pictures to overseeing the film slate across all Sony labels as President, Business Affairs, of the SPE Motion Picture Group. In the email sent to staffers, Rothman lauded…

Sony Corp is reporting first quarter earnings this morning in Tokyo with Sony Pictures Entertainment posting a $68.3M loss for the April-June period. This marks an improvement on 2017's $86.2M Q1 loss, which in turn had improved on the previous year’s comparable quarter. Sony says the advance is thanks to a decrease…

Sony Pictures Entertainment has brought on Erik Moreno to serve as Executive Vice President, Corporate Development and Mergers & Acquisitions. Moreno, who joins the company after his tenure as M&A executive at mass media corporation, Times Inc., will start August 8, reporting to Chairman and CEO Tony Vinciquerra and…