Latest in Sony Pictures Entertainment

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…

Sony Pictures Entertainment has brought on human resource veteran Stacy Green as Executive Vice President & Chief People Officer, replacing George Rose who, after spearheading the department for the last 10 years, will be retiring at the end of the summer. Currently, Green serves as Chief People Officer for Group Nine…

Sony Pictures Television and free streaming TV service Pluto TV have signed a content distribution deal that will bring Bewitched, The Blob, Starship Troopers and more than 200 other “evergreen” movie and TV titles to Pluto’s library. The movies from Sony Pictures Entertainment and classic TV from Sony Pictures…

EXCLUSIVE: Longtime Sony Pictures exec veep of production David Beaubaire will transition by year’s end into a producing deal, sources said. There has been a series of changes at the studio, but I’m being told this is Beaubaire’s desire. The pieces of the transition are still falling into place. Among his projects…

Aided by the performance of box office hits Spider-Man: Homecoming and Jumanji: Welcome To The Jungle, Sony Pictures Entertainment recorded a full-year profit of $376M (41.1B yen) compared to a $719M loss in 2016. Revenues in the division increased 12% to $9.25B (1.011B yen), the Japanese conglom said today in…

Sony Pictures Entertainment is getting in the game with NBA superstar Stephen Curry, signing the Golden State Warriors guard to a multi-year development and production deal covering film and TV. The pact is Sony’s biggest-ever media deal with an athlete. Based on the Sony Pictures studio lot in Culver City, Curry's…