Latest in Sony Pictures Entertainment

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…

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%…