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Sony Pictures Quarterly Profit Slips to $233 Million – The Hollywood Reporter

Sony Footage noticed its fiscal first-quarter revenue slip to $232.7 million (25.4 billion yen), a decline of 6 p.c from the identical interval a yr in the past when revenue was $247 million (27 billion yen).

Sony Corp. reported the movie unit’s April-to-June earnings Wednesday in Tokyo. The Japanese conglomerate attributed the decline in earnings to elevated manufacturing prices and a lower in gross sales for the studio’s tv productions — though it mentioned gross sales for its movement photos have been up barely.  Income at Sony Footage climbed $245 million within the quarter, a 15 p.c year-on-year improve.

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https://www.hollywoodreporter.com/enterprise/business-news/sony-pictures-q1-profit-slips-to-233-million-1234992460/ | Sony Footage Quarterly Revenue Slips to $233 Million – The Hollywood Reporter

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