Games, Music and Film Each Contribute to Sony’s Doubled Profits
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variety.comPatrick Frater Asia Bureau ChiefMusic, games and pictures all contributed to a doubling of full year net profits at Sony, the Japanese electronics and entertainment group, despite disruptions caused by the coronavirus.Reporting its financial results for the January-to March fourth quarter and 12-month results from April 2020 to March 2021, Sony said that annual sales increased by 9% to JPY9.00 trillion.
Annual net revenues increased by 101% from JPY582 billion in 2019-20, to JPY1.17 trillion in 2020-21.The pictures division, which incorporates the Sony Pictures movie studio, as well as TV networks and television production operations, increased its operating income from $628 million in 2019-20 to $762 million for 2020-21, despite.
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