{"id":4083,"date":"2016-11-01T09:49:42","date_gmt":"2016-11-01T13:49:42","guid":{"rendered":"http:\/\/worldscreen.com\/tvasia\/profit-revenues-down-at-sony\/"},"modified":"2016-11-01T09:49:42","modified_gmt":"2016-11-01T13:49:42","slug":"profit-revenues-down-at-sony","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvasia\/profit-revenues-down-at-sony\/","title":{"rendered":"Profit, Revenues Down at Sony"},"content":{"rendered":"
TOKYO: Sony Pictures Entertainment delivered gains in the second quarter, but parent company Sony Corporation saw its revenues drop by almost 11 percent and net income plunged by 85.6 percent.<\/p>\n
Revenues at the Japanese conglomerate were 1.7 trillion yen ($16.7 billion) in the period, delivering a net profit of 4.8 billion yen ($48 million). Revenues were down in the mobile communications, gaming, imaging, home entertainment, components and semiconductor divisions. Music revenues rose by 8 percent.<\/p>\n
At Sony Pictures, revenues were up 4.6 percent to $1.9 billion, with an operating profit of $32 million, reflecting gains across motion pictures, television and media networks. TV production revenues were up “significantly” due to higher subscription video-on-demand licensing revenues for The Crown<\/em> and The Get Down<\/em>. Channel revenues increased primarily due to higher advertising and subscription revenues in India, Europe and Latin America.<\/p>\n","protected":false},"excerpt":{"rendered":" TOKYO: Sony Pictures Entertainment delivered gains in the second quarter, but parent company Sony Corporation saw its revenues drop by almost 11 percent and net income plunged by 85.6 percent.<\/p>\n","protected":false},"author":290,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[432,622],"class_list":["post-4083","post","type-post","status-publish","format-standard","","category-top-stories","tag-sony-corporation","tag-sony-pictures-entertainment"],"yoast_head":"\n