Sony attributed the decline in earnings to increased production costs and a decrease in sales for the studio's television productions — although it said sales for its motion pictures were up slightly.
Looking ahead, Sony Pictures revised its profit forecast for the full 2021 fiscal year upwards. The company now anticipates profits of $825 million from the pictures division, up from the $760.8 million forecast it issued in April. Total profits for the studio in 2020 were 79.9 billion yen .
At the group level, Sony Corp. reported a 26.3 percent rise in first-quarter profit, benefiting from a somewhat smaller than expected slip in pandemic-fueled demand for its PlayStation 5 gaming products. Operating profit for the quarter rose to $2.57 billion from 221.7 billion yen last year. Sony Corp raised its overall profit forecast for the full year through March 2022 to $8.98 from $8.53 .Sony’s entertainment sales were particularly strong in the music group, where profit climbed 56 percent from $326 million in Q1 of 2020 to $508 million during the period this year.More to come…
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Sony Pictures Entertainment Postponing Return To Work Plan By Likely One MonthSony Pictures Entertainment employees received a note this morning from studio Chairman Tony Vinciquerra that the return to work has been delayed to approximately early to mid-October, Deadline has learned
Weiterlesen »
Sony Group Delivers Profit Growth as SPE and Games Earnings RetreatProfit increases from music failed to outweigh declines from film and TV and from games at Japanese electronics and entertainment giant Sony Group. But, overall, the group was able to report a 9% i…
Weiterlesen »
Sony Still Quiet On Potential ‘Horizon Forbidden West’ Delay, Despite ReportsDespite reports from solid sources in the game journalist community, Sony has yet to confirm that yes, Horizon Forbidden West has been delayed out of 2021, something that most fans are now taking as fact, despite no off...
Weiterlesen »
Sony Pictures, CJ 4DPlex Set 3-Year Deal To Project 15 Films In ScreenX Format, Starting With ‘Venom: Let There Be Carnage’EXCLUSIVE: Sony Pictures and cinema tech firm CJ 4DPlex have set a deal spanning 15 films over three years to play in the immersive 270-degree ScreenX format. The agreement will begin with Venom: L…
Weiterlesen »
Sony Group Delivers Profit Growth as SPE and Games Earnings RetreatProfit increases from music failed to outweigh declines from film and TV and from games at Japanese electronics and entertainment giant Sony Group. But, overall, the group was able to report a 9% i…
Weiterlesen »
Sony Pictures Entertainment Postponing Return To Work Plan By Likely One MonthSony Pictures Entertainment employees received a note this morning from studio Chairman Tony Vinciquerra that the return to work has been delayed to approximately early to mid-October, Deadline has learned
Weiterlesen »