Sony: Success Here, Losses There

General news News 04/29/2017

0 1211 Views

Sony‘s financial results aren’t rosy at the moment…

Sure, the Japanese company has managed to ship sixty million PlayStation 4s, which is a decent result, but Deadline reports that one of Sony’s companies have lost a lot of money: Sony Pictures, Sony’s movie subsidiary, has lost 719 million dollars (!!!), which is a significant drop from the 346 million dollar profit from the year before – however, it was expected to happen. Sony Pictures’ nine-month results saw a $913M loss in the Pictures division, largely related to a $962M impairment charge of goodwill, which was included in Sony’s full year figures. It said it expected the division to return to profit after the write-down. (They have a point: from -962, they improved to -719.)

The loss also affected Sony’s overall profit, which was about 50 (!) percent less than a year before – only 655 million dollars, although Sony predicts a massive surge to 4.5 billion in the just started financial year.

Spread the love

Angyal Anikó

Anikó, our news editor and communication manager, is more interested in the business side of the gaming industry. She worked at banks, and she has a vast knowledge of business life. Still, she likes puzzle and story-oriented games, like Sherlock Holmes: Crimes & Punishments, which is her favourite title. She also played The Sims 3, but after accidentally killing a whole sim family, swore not to play it again. (For our office address, email and phone number check out our IMPRESSUM)