Latest in Sony Pictures Entertainment

EXCLUSIVE: Sony Pictures International Productions has acquired global remake rights to Price Of Parenting (Mes très chers enfants), the upcoming French comedy directed by Alexandra Leclère, whose credits include the French box office hits The Price To Pay and The Roommates Party. Pic stars Josiane Balasko, Didier…

EXCLUSIVE: Mentorship Matters, an initiative aimed at boosting opportunities for emerging writers of color, has been officially unveiled, along with the participants in its inaugural 2021-22 cycle. Developed by executive producers/showrunners, including Aaron Rahsaan Thomas (S.W.A.T.), Raelle Tucker (Sacred Lies, True…

Keith Le Goy has been promoted to chairman of distribution and networks at Sony Pictures Entertainment. The promotion gives the company three chairman-level execs running the studio’s main areas of business. The others are Tom Rothman, chairman of the motion picture group, and Ravi Ahuja, chairman of the company’s…

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%…

Netflix and Sony Pictures Entertainment have set a significant new licensing deal giving the streaming giant an exclusive window for the studio’s theatrical titles starting in 2022. The agreement, which replaces an output arrangement with Lionsgate-owned Starz dating back to 2005, provides Netflix with an 18-month…

Ravi Ahuja, who left Disney at the end of last year, has been named Chairman of Global Television Studios at Sony Pictures Entertainment and Sony Pictures Entertainment Corporate Development. Ahuja will lead the company's domestic and international productions business, its gameshow franchises and the studio's Indian…

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…

WarneMedia parent AT&T is selling its Crunchyroll anime business to Funimation Global Group — a venture of Sony Pictures Entertainment and Sony Music Entertainment, for $1.175 billion in cash. Fast-growing Crunchyroll is a premier anime direct-to-consumer service within AT&T's WarnerMedia segment with over 3 million…

EXCLUSIVE: Sony Pictures Entertainment (SPE) is changing the game with its latest venture. The studio has revealed that they have inked a unique first-look deal with Jeff Friday Media (JFM), the newly-formed production house launched by the company CEO Jeff Friday, founder of the annual American Black Film Festival…

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…

EXCLUSIVE: Sony Pictures Entertainment will make strides towards more sustainable productions as it seeks to rid single-use plastic and cut a quarter of its greenhouse gas emissions across business functions by 2025. The newly announced steps add to Sony’s Road to Zero initiative, the company’s plan to reach a zero…

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…