Sony Pictures' Profits Soar During Pandemic
Despite the crisis over the coronavirus pandemic, Sony Pictures has managed to generate substantial profits of $ 230 million in the first quarter of 2020. This is evidenced by data from The Hollywood Reporter, referring to the company's report. It is noted that Sony Pictures' revenues for the last quarter reached $ 1.63 billion, down four percent from nearly $ 1.70 billion a year earlier. ... Theater revenues fell 96 percent from 164 million to 6 million. At the same time, the home entertainment business grew by 60 percent at once - revenue increased from $ 200 million to $ 319 million. Another strong point of the studio was its television business, with revenues growing 44 percent from $ 422 million to $ 597 million. " The Topic of Article: Sony Pictures' Profits Soar During Pandemic. |
