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 co…
last quarter declined to reveal forecasts, today the conglomerate projected a 41B yen full-year profit in the Pictures division, down from 68.2B yen last year. It noted the negative impact on financial results due to delays in theatrical releases will be felt over two to three years.
Offsetting this to a degree is an expected decrease in related marketing costs.Amid coronavirus closures, theatrical sales fell to $6M versus $164M in the same quarter of 2019 and $471M in Q4 2019. which had included, still the top grossing movie of 2020 domestically and worldwide . Conversely, there were no new releases in North America in fiscal Q1.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sony Pictures Quarterly Profit Rises to $230 MillionSony Pictures grew its profit to $230 million in the fiscal first quarter, from a year-ago profit of $3 million amid the coronavirus pandemic
Read more »
Film and TV Deliver $230 Million Profits as Sony Earnings Surge By 53%The Pictures Division of Japanese entertainment and tech giant Sony achieved operating profits of $230 million in the April to June quarter. The wider corporation enjoyed a 53% increase in net inco…
Read more »
From Balcony to Record Deal: Stay Homas Emerges From Lockdown With Sony Contract and Tour.stayhomas went viral with videos made on their terrace and now their first 2021 tour dates sold out in two hours.
Read more »
Here’s How Sony And Microsoft’s Game Of PS5-Xbox Series X Price Chicken Will EndSony and Microsoft are still playing price chicken with PS5 and Xbox Series X, but it's becoming clear how it's going to end.
Read more »
Seth Rogen Talks Why Sony Turned Down Another Hit Of ‘Pineapple Express’The 2008 comedy Pineapple Express was a hit with audiences and a box office success, earning over $100 million worldwide so it had all the ingredients for a sequel and it was about to all happen &…
Read more »
Sony Pictures Quarterly Profit Rises to $230 MillionSony Pictures grew its profit to $230 million in the fiscal first quarter, from a year-ago profit of $3 million amid the coronavirus pandemic
Read more »