Sony Pictures grew its profit to $230 million in the fiscal first quarter, from a year-ago profit of $3 million amid the coronavirus pandemic
Sony Corp. on Tuesday Tokyo time reported that Sony Pictures grew its profit to $230 million in the fiscal first quarter from a year-ago profit of $3 million despite nearly no theatrical revenue due to cinemas being closed amid the coronavirus pandemic.as showcased in NBCUniversal'sThat and growth in home entertainment and TV production helped Sony continue a trend of improved results for its studio arm for the first quarter.
In the TV networks segment, meanwhile, revenue fell 21 percent to $419 million, and TV distribution posted an 18 percent drop to $258 million.
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