Sony Pictures saw an 18% drop in second quarter profits to $299M from July-September versus the same period in 2019. However, the figures rep an increase on the first quarter’s $230M which ended June 30 this year. Revenues across the division were off by $615M compared to last year while theatrical sales dropped to $13M versus $715M in Q2 2019, clearly affected by the coronavirus pandemic.
A key portion of the domestic market is still closed while there are lingering restrictions on cinemas and the threat of renewed lockdowns in Europe. In 2019, Sony’s Q2 earnings were largely attributable to the summer success of Marvel sequel Spider-Man: Far From Home and Quentin Tarantino’s Once Upon A Time In Hollywood.
In this year’s Q2, Sony had just The Broken Hearts Gallery and The Last Shift in domestic theaters. It did however have an overseas hit with Spanish title Padre No Hay Mas Que Uno 2...
A key portion of the domestic market is still closed while there are lingering restrictions on cinemas and the threat of renewed lockdowns in Europe. In 2019, Sony’s Q2 earnings were largely attributable to the summer success of Marvel sequel Spider-Man: Far From Home and Quentin Tarantino’s Once Upon A Time In Hollywood.
In this year’s Q2, Sony had just The Broken Hearts Gallery and The Last Shift in domestic theaters. It did however have an overseas hit with Spanish title Padre No Hay Mas Que Uno 2...
- 10/28/2020
- by Nancy Tartaglione
- Deadline Film + TV
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