Sony Pictures Profits Climb to $628 Million As Group Earnings Slide
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variety.comBy Patrick Frater Asia Bureau Chief Profits at Sony’s pictures division, which spans film, TV content and channels, climbed from $489 million in the previous financial year to $628 million in the year to March 2020.
Revenues at the division climbed from $8.87 billion to $9.32 billion. That stood in contrast to the sharply slowing figures at group level.
The Japanese electronics and entertainment conglomerate reported group profits down by 36% to JPY582 billion for the 2019-2020 financial year that ended in March.
Group revenues were down 5% at JPY8.26 trillion. In early February, when reporting its third quarter financials, and before the coronavirus pandemic had brought the global economy into recession, Sony increased its forecast of
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