Sony Corp is reporting its full year 2018 earnings from Tokyo this morning with a 30% hike in profits at the Pictures division to $489M. For the fiscal year ended March 31, 2019, the electronics and entertainment giant overall increased operating income by 22% to $8B.
Sony Pictures Entertainment did see a 3% year-on-year decrease in sales which hit $8.8B. The company says that’s owing to lower theatrical and television sales worldwide when compared to 2017 which had included Jumanji: Welcome To The Jungle and Spider-Man: Homecoming. The decrease in sales for TV productions was due to lower licensing revenues for various U.S. series and catalog programs.
However, improved film profitability helped boost income. TV licensing and home entertainment sales of higher margin titles like Jumanji: Welcome To The Jungle and Peter Rabbit, and lower theatrical marketing expenses, were cited by Sony as drivers. Last year’s Venom was a sizable hit, landing in Deadline’s Most Valuable Blockbuster tournament.
Sony Pictures Entertainment did see a 3% year-on-year decrease in sales which hit $8.8B. The company says that’s owing to lower theatrical and television sales worldwide when compared to 2017 which had included Jumanji: Welcome To The Jungle and Spider-Man: Homecoming. The decrease in sales for TV productions was due to lower licensing revenues for various U.S. series and catalog programs.
However, improved film profitability helped boost income. TV licensing and home entertainment sales of higher margin titles like Jumanji: Welcome To The Jungle and Peter Rabbit, and lower theatrical marketing expenses, were cited by Sony as drivers. Last year’s Venom was a sizable hit, landing in Deadline’s Most Valuable Blockbuster tournament.
- 4/26/2019
- by Nancy Tartaglione
- Deadline Film + TV
Similar News
Quentin Tarantino’s Hit Neo-Western Gives Hope Canceled The Movie Critic Might Still Happen
- 5/10/2024
- by info@startefacts.com (Rachel Bailey)
- STartefacts.com
“That’s such a boring one”: Quentin Tarantino’s Remarks on 1 Steven Spielberg Movie is Close to Blasphemy That Starred James Bond Actor Sean Connery
- 5/10/2024
- by Ariane Cruz
- FandomWire
Star Trek 4: Chris Pine Weighs In On Movie Getting Yet Another Writer: "I Thought There Was Already A Script"
- 5/10/2024
- ComicBookMovie.com
It Ends With Us First Look: Justin Baldoni & Blake Lively Passionately Lost In Each Other’s Eyes In This Twisted Tale Of Love & Domestic Violence Has Left The Fans Hyped Up
- 5/1/2024
- by Esita Mallik
- KoiMoi
2024 Promises to Be a Feast for Animation Lovers
- 4/25/2024
- by Rafael Motamayor and Bill Desowitz
- Indiewire
Camilla Belle’s Iconic Role in “When a Stranger Calls”: A Look Back
- 4/24/2024
- by Jan Stromsodd
- Your Next Shoes
John Leguizamo Turned Down ‘Mr. & Mrs Smith’ Because Jolie and Pitt Were ‘Getting $20 Million and They Were Going to Pay Me Scale. I Felt Dissed’; He Regrets It Now
- 5/10/2024
- by Zack Sharf
- Variety Film + TV
Joel Edgerton on Failing ‘Guardians of the Galaxy’ Audition: “The World Is a Much Better Place”
- 5/10/2024
- by Christy Piña
- The Hollywood Reporter - Movie News
Joel Edgerton Reveals Which MCU Character He Nearly Played; Jennifer Connelly Talks Possible Spider-man Return
- 5/10/2024
- ComicBookMovie.com
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.
More to explore
Box Office: ‘Kingdom of the Planet of the Apes’ Makes $6.6 Million in Previews
- 5/10/2024
- by Jordan Moreau
- Variety - Film News
‘Red, White & Royal Blue’ Sequel in the Works, With Nicholas Galitzine and Taylor Zakhar Perez Returning
- 5/10/2024
- by Adam B. Vary
- Variety - Film News
‘Fantastic Four’ Casts Ralph Ineson as Galactus (Exclusive)
- 5/9/2024
- by Borys Kit
- The Hollywood Reporter - Movie News
‘The Bear’ Season 3 Releases Teaser, Premiere Date
- 5/9/2024
- by Christy Piña
- The Hollywood Reporter - Movie News
‘Pam & Tommy’ Stars Sebastian Stan, Lily James Reteam for ‘Let The Evil Go West’ Horror Thriller
- 5/9/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
‘Law & Order’ Bidding Farewell to Camryn Manheim
- 5/10/2024
- by Lesley Goldberg
- The Hollywood Reporter - Movie News
Frank Grillo Joins ‘Peacemaker’ Season 2 as Rick Flag Sr.
- 5/10/2024
- by Jordan Moreau
- Variety - TV News
‘Red, White & Royal Blue’ Sequel in the Works, With Nicholas Galitzine and Taylor Zakhar Perez Returning
- 5/10/2024
- by Adam B. Vary
- Variety - Film News
Marvel’s ‘The Fantastic Four’ Adds ‘The Witch’ Star Ralph Ineson as Galactus
- 5/9/2024
- by Katcy Stephan, Angelique Jackson and Adam B. Vary
- Variety - Film News
Justin and Hailey Bieber Expecting First Child
- 5/9/2024
- by Chris Gardner
- The Hollywood Reporter - Movie News
Olivia Wilde, Gregg Araki Team On Black Bear Thriller ‘I Want Your Sex’
- 5/9/2024
- by Matt Grobar
- Deadline Film + TV
Tatiana Maslany & Rossif Sutherland To Star In ‘Keeper’, The Next Film From ‘Longlegs’ Director Osgood Perkins; Neon Pre-Buys U.S. Rights & Will Launch Int’l Sales At Cannes
- 5/9/2024
- by Andreas Wiseman
- Deadline Film + TV
MTV Documentary Films Acquires U.S. Rights to Sundance #MeToo Doc ‘Black Box Diaries’ (Exclusive)
- 5/9/2024
- by Addie Morfoot
- Variety - Film News
Melanie Lynskey, Robyn Malcolm to Lead ‘Pike River’ Thriller About New Zealand Mining Disaster, Signature Launching Sales in Cannes (Exclusive)
- 5/9/2024
- by Alex Ritman
- Variety Film + TV
‘The Sheriff’: Milo Gibson, Mark Dacascos, Tom Berenger & More Cast In Josh Tessier Crime Thriller
- 5/9/2024
- by Valerie Complex
- Deadline Film + TV
Easterseals Disability Film Challenge Announces 2024 Winners
- 5/10/2024
- by Pat Saperstein
- Variety - Film News
Box Office: ‘Kingdom of the Planet of the Apes’ Makes $6.6 Million in Previews
- 5/10/2024
- by Jordan Moreau
- Variety - Film News
‘Red, White & Royal Blue’ Sequel in the Works, With Nicholas Galitzine and Taylor Zakhar Perez Returning
- 5/10/2024
- by Adam B. Vary
- Variety - Film News
Marvel’s ‘The Fantastic Four’ Adds ‘The Witch’ Star Ralph Ineson as Galactus
- 5/9/2024
- by Katcy Stephan, Angelique Jackson and Adam B. Vary
- Variety - Film News
Olivia Wilde, Gregg Araki Team On Black Bear Thriller ‘I Want Your Sex’
- 5/9/2024
- by Matt Grobar
- Deadline Film + TV
‘Law & Order’ Bidding Farewell to Camryn Manheim
- 5/10/2024
- by Lesley Goldberg
- The Hollywood Reporter - Movie News
‘The Bachelor,’ ‘American Idol’ Among Seven Unscripted Renewals at ABC
- 5/10/2024
- by Rick Porter
- The Hollywood Reporter - Movie News
‘The Conners’ Renewed for Seventh and Final Season at ABC, ‘Not Dead Yet’ Canceled
- 5/10/2024
- by Joe Otterson
- Variety - TV News
Frank Grillo Joins ‘Peacemaker’ Season 2 as Rick Flag Sr.
- 5/10/2024
- by Jordan Moreau
- Variety - TV News
‘Shogun’ Nears Season 2 Renewal at FX as Star Hiroyuki Sanada Signs Deal to Return
- 5/10/2024
- by Ethan Shanfeld
- Variety - TV News