Patrick Frater Asia Bureau ChiefSony’s pictures division achieved net profits of $1.3 billion in the three months to December 2021, boosted by a return to theatrical releasing and the blockbuster performance of “Spider-Man: No Way Home.” The $1.31 billion figure compares with profits of $194 million in the equivalent quarter of 2020, and with profits of $288 million in the preceding three months to end of September 2021.Parent company, Sony Group’s net profits grew by 20% in the three months to December 2021 hitting JPY461 billion.
Sales were up by 13% to JPY3.03 trillion.The bumper results, unusually, made the pictures division the largest contributor to Sony’s consolidated net profits.
The pictures division includes the movie studios, television production and TV network operations. Games and network services increased its year-on-year profitability in the quarter to JPY92.9 billion, up from JPY80.8 billion.
Music sector net profits slipped from JPY59.1 billion to JPY55.1 billion in the latest quarter.Behind pictures and games, the electronics division chipped in a sharply lower net contribution of JPY80 billion.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.