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Sony Pictures' profits fell 50 percent (Topic)

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Sony Pictures' profits fell 50 percent

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Profits for Sony Pictures studio dropped significantly in the third quarter of 2019, which ended December 31. This is evidenced by the data of the company's report, which is referred to by the publication Deadline. It amounted to $ 51 million, while a year earlier for the same period, profit exceeded $ 100 million.

It is worth noting that in 2018 such figures were provided by the success of the movie adaptation of the Marvel comics "Venom, which was largely unexpected for many experts. ". In 2019, Sony didn't have comparable releases during this period, but it did have failed Charlie's Angels. There was also a deterioration in the dynamics of sales of licenses for television shows.

In December 2019, Sony Pictures had another major premiere - the adventure movie Jumanji 2 was released:

The Topic of Article: Sony Pictures' profits fell 50 percent.
Author: Jake Pinkman


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