Sony Pictures Posts $212M Profit In Third Quarter As Music Gets Boost From ‘Demon Slayer’ & Corp Ups Full-Year Forecast
Sony Pictures Entertainment recorded a $212M profit in the third quarter of Fiscal Year 2020, good for a 316% upward swing versus the similar period in 2019. The profit increase for the three months ended December 31, 2020 was due to lower theatrical marketing costs and higher TV licensing and home entertainment sales from prior year titles, Sony Corp said in announcing results from Tokyo today.