Sony Pictures Takes a Dip, Even As Sony Group Grows
Although the Sony Group overall reported strong gains in its latest earnings report, Sony Pictures Entertainment didn’t fare quite so successfully. Brandon Blake, see entertainment lawyer Los Angeles with Blake & Wang P.A., fills out the details. Brandon Blake Revenue Dip Despite $2.3B in revenue overall and $197M for the third quarter, Sony Pictures Entertainment was down 12% on last year, and 11% for the quarter. In quite stark contrast, the Sony Group as a whole saw a 22% growth. They also reported a drop in marketing costs for their theatrical fare, although a decrease in sales still pulled down overall operating income. However, with some perspective, that looks a little less like a failure. The same quarter la...