#MIPCOM Wrap: Safe Bets Dominate a Slow Market

#MIPCOM Wrap: Safe Bets Dominate a Slow Market

It was back to basics at this year’s MIPCOM, the world’s leading television market, which wrapped in Cannes this week, with buyers and sellers alike, still reeling from the 2023 Hollywood strikes and a sluggish advertising market, embracing a more conservative approach. The message was clear: the era of high-risk, big-budget productions is giving way…

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#Sony Pictures Third-Quarter Profit Hits 1M

#Sony Pictures Third-Quarter Profit Hits $281M

Sony Pictures Entertainment saw its fiscal third-quarter profit hit $281 million, up from $179 million in the year-ago period and $204 million in the previous quarter. Revenue for the film and television unit reached $2.47 billion in the latest period, up from $2.35 billion in the year-ago quarter and down from $2.77 billion in the…

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