{"id":608585,"date":"2024-02-14T10:46:08","date_gmt":"2024-02-14T07:46:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sony-pictures-third-quarter-profit-hits-281m\/"},"modified":"2024-02-14T10:46:08","modified_gmt":"2024-02-14T07:46:08","slug":"sony-pictures-third-quarter-profit-hits-281m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sony-pictures-third-quarter-profit-hits-281m\/","title":{"rendered":"#Sony Pictures Third-Quarter Profit Hits $281M"},"content":{"rendered":"
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\n 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 fiscal second quarter. <\/p>\n

\n SPE comprises mainly motion pictures, television productions and media<\/a> networks, and of those three segments only media networks saw revenues grow in Q3 2023 as the dual Hollywood strikes impacted film and television productions. <\/p>\n

\n In the fiscal third quarter, the motion picture division saw revenue of $880 million, down from $895 million in the second quarter, but up from $799 million in the year-ago period. In the latest quarter, the film division released Affirm Films\u2019 Journey to Bethlehem<\/em>, which made $8 million, Tristar Pictures\u2019 Thanksgiving<\/em> which made $45 million in revenue, and the Columbia Pictures releases Napoleon<\/em> ($208 million) and Anyone But You<\/em> ($31 million for the 10 days counted within the third quarter). <\/p>\n

\n Revenue for the motion picture division should see an uptick in fiscal year 2024, with SPE set to release 14 titles this year, including Ghostbusters: Frozen Empire<\/em>, another Bad Boys<\/em> film, Kraven the Hunter <\/em>and a Venom<\/em> sequel, the company said. <\/p>\n

\n Television productions saw revenue of $883 million, down from the $1.2 billion made in the second quarter, but up slightly from the $880 million recorded in the year-ago period. SPE\u2019s hugely successful television operation includes current hits such as Netflix\u2019s The Crown<\/em>, App<\/a>le TV+\u2019s For All Mankind<\/em>, Disney+\u2019s Goosebumps<\/em>, Amazon Prime Video\u2019s The Wheel of Time<\/em> and Gen V<\/em> as well as long-running hits such as Days of Our Lives<\/em>, Jeopardy! <\/em>and its various spinoffs and Shark Tank<\/em>. <\/p>\n

\n Third-quarter revenue at Sony\u2019s Game<\/a> & Network Services division, a separate entity to SPE and which encompasses PlayStation hardware and software sales as well as the PlayStation Network, hit $9.8 billion, up 18 percent year-over-year. The segment was driven by strong sales of the PlayStation 5 console and related games, as well as increased revenue from PlayStation Plus subscriptions. The video game division\u2019s big release in the latest quarter was Marvel\u2019s Spider-Man 2<\/em> for PlayStation 5. Sony revealed that the title, as of Feb. 4, has sold 10 million units.<\/p>\n

\n Sony\u2019s music division also had a strong quarter, with revenue hitting $2.77 billion. Among the music division\u2019s top-selling acts for the quarter were SZA (SOS<\/em>), Travis Scott (UTOPIA<\/em>), Rod Wave (Nostalgia<\/em>) and Doja Cat (Scarlet<\/em>).<\/p>\n<\/p><\/div>\n

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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…<\/p>\n","protected":false},"author":1,"featured_media":608586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2023\/12\/MCDANBU_SP005-copy.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[59297,3569,132048],"class_list":["post-608585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa","tag-columbia-pictures","tag-sony","tag-sony-pictures-entertainment"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/608585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=608585"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/608585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/608586"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=608585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=608585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=608585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}