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Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Sony Pictures Entertainment Records $762M Full-Year Profit As Corp Doubles Net Income
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deadline.comRefresh for latest…: Sony Pictures Entertainment saw its full-year 2020 profits rise 21%, to $762M, despite a 25% decrease in sales to $7.2B.
Both are results of the impact of the coronavirus. With movie theaters shut around the world for a large portion of the year, and amid a production slowdown, revenues were affected.
Conversely, lower spend on theatrical marketing and higher home entertainment sales had a positive effect on profits.Overall, Sony Corp logged a record $10.7B in net income for fiscal 2020, a 101% increase over the previous year thanks in part to the Games and Networks Services, Music and Film divisions.
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