{"id":75823,"date":"2022-02-02T13:54:55","date_gmt":"2022-02-02T08:24:55","guid":{"rendered":"https:\/\/centralrecorder.com\/sony-pictures-swings-to-1-3-billion-q3-profit\/"},"modified":"2022-02-02T13:56:00","modified_gmt":"2022-02-02T08:26:00","slug":"sony-pictures-increases-q3-profit-to-1-3-billion","status":"publish","type":"post","link":"https:\/\/centralrecorder.com\/sony-pictures-increases-q3-profit-to-1-3-billion\/","title":{"rendered":"Sony Pictures Increases Q3 Profit to $1.3 billion"},"content":{"rendered":"\n<div>\n<p><strong>UPDATE, <em>writethru<\/em>:<\/strong>The incredible global box office performance of <em>Spider-Man, There&#8217;s No Way Home<\/em>Sony Pictures Entertainment recorded a third quarter profit of $1.314billion, an incredible 570% increase from the 2020 comparable period. By 122%, revenues increased to $4.063 trillion versus the prior year.<\/p>\n<p>Sony has reported the results for the three-months ending December 31, 2021, out of Tokyo this afternoon localtime. <em>Venom: Let There Be Carnage<\/em>Licensing of television productions can lead to higher sales and better quality. <em>Seinfeld<\/em>Crunchyroll acquisition results in increased sales for media networks.<\/p>\n<p>The Jon Watts-direcgted will continue through December <em>Spider-Man, There&#8217;s No Way Home<\/em>It had earned $1.282 million worldwide. The movie was at $1.74 Billion worldwide by Sunday last week, making it only the 10th film to reach $1 billion at international box offices.<\/p>\n<p>Movies on deck during the fourth quarter at Sony include this month\u2019s Tom Holland-starrer <em>Uncharted<\/em>. Anschlie\u00dfend, <em>Morbius<\/em>The Brad Pitt-fronted film will be released in April <em>Bullet Train<\/em>In July, the animated <em>Spider-Man: Across The Spider-Verse Part One<\/em>October<\/p>\n<p>The Pictures division is now forecast to reach 205 billion yen ($1.8 billion) for the full-year, a 90% increase from October\u2019s prediction.<\/p>\n<p>The Games and Network Services section saw fluctuations in sales, but operating income increased to 92.9 trillion yen ($810.5million). The PlayStation 5 console has received strong demand, but the company has had difficulty meeting this demand due to a shortage in semiconductors. Sony stated that recovery in this area has not occurred as quickly as they expected during an earnings call. Sony raised its full year profit forecast for the division at 345 trillion yen (3 billion).<\/p>\n<p>Sony Interactive Entertainment stated earlier this week it had agreed to purchase Bungie, an independent game developer and longtime partner of Sony. <em>Halo<\/em>And <em>Destiny<\/em>Franchises available for $3.6 Billion <\/p>\n<p>Sony Corp revenues totaled 3.03 trillion yen ($26.4billion), while operating profit was 465.2billion yen ($4.05billion), which is a 32% rise and far above analyst estimates. The full-year operating income outlook for Sony Corp was up 15% to record 1.2 trillion Japanese yen ($10.6 million).<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>UPDATE, writethru:The incredible global box office performance of Spider-Man, There&#8217;s No Way HomeSony Pictures Entertainment recorded a third quarter profit of $1.314billion, an incredible 570% increase from the 2020 comparable period. By 122%, revenues increased to $4.063 trillion versus the prior year. Sony has reported the results for the three-months ending December 31, 2021, out [&hellip;]<\/p>\n","protected":false},"author":51,"featured_media":75824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[101,3,105,106],"tags":[],"jetpack_featured_media_url":"https:\/\/centralrecorder.com\/wp-content\/uploads\/2022\/02\/Sony-Pictures-Swings-To-13-Billion-Q3-Profit.jpg","_links":{"self":[{"href":"https:\/\/centralrecorder.com\/wp-json\/wp\/v2\/posts\/75823"}],"collection":[{"href":"https:\/\/centralrecorder.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/centralrecorder.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/centralrecorder.com\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/centralrecorder.com\/wp-json\/wp\/v2\/comments?post=75823"}],"version-history":[{"count":0,"href":"https:\/\/centralrecorder.com\/wp-json\/wp\/v2\/posts\/75823\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/centralrecorder.com\/wp-json\/wp\/v2\/media\/75824"}],"wp:attachment":[{"href":"https:\/\/centralrecorder.com\/wp-json\/wp\/v2\/media?parent=75823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/centralrecorder.com\/wp-json\/wp\/v2\/categories?post=75823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/centralrecorder.com\/wp-json\/wp\/v2\/tags?post=75823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}