Sales in the division were $2.33 billion, down from $2.64 billion a year ago. The results were impacted by a decrease in deliveries of U.S. television series as well as lower home entertainment and digital streaming service licensing revenues compared to the first quarter of 2022 which benefitted from the contribution of several franchise films released theatrically in fiscal year 2021. On the plus side, this year’s first quarter saw higher theatrical revenues.
Last year at this time Sony noted there had been an increase in series deliveries, higher TV licensing and home entertainment revenues during the April-June period, plus higher sales of streaming services, which included the impact of buying anime streamer Crunchyroll.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Entertainment Entertainment Latest News, Entertainment Entertainment Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sony Pictures Classics to Revive 'The Miracle Club' Theatrical RolloutSony Pictures Classics announces that 'The Miracle Club' will return to 200-300 movie theaters nationwide on August 18 due to overwhelming audience response and demand for more playdates.
Source: DEADLINE - 🏆 109. / 63 Read more »
Pictures Division Decreases Weigh on Sony Group’s Quarterly ResultsSignificant decreases in profits at the pictures division and financial services led Japanese electronics and entertainment conglomerate Sony to reveal corporate-wide revenues that increased by a third, but net profits that slipped by 17%, for the first quarter of its financial year.
Source: Variety - 🏆 108. / 63 Read more »
‘Parallel’ Screenwriter Jonathan Keasey’s MindRiot Entertainment To Open Ireland OfficeEXCLUSIVE: US-based MindRiot Entertainment, co-producer of the forthcoming Parallel starring Danielle Deadwyler (Till), Aldis Hodge (Black Adam), and Edwin Hodge (The Tomorrow War), is crossing the…
Source: DEADLINE - 🏆 109. / 63 Read more »
Artists Den Entertainment to Premiere Fifth Season of ‘Live From My Den’ on Variety“Live From My Den” returns for a fifth season this August. Created by Artists Den Entertainment, the series highlights extraordinary artists as they perform from the spaces most signifi…
Source: Variety - 🏆 108. / 63 Read more »