Friday, 4 February 2011

Sony profit down 8.6% in third quarter

Even the biggest studios are feeling the pinch...


Revenues fall in TV, film and music divisions despite rise in digital music sales and box office success of The Social Network.


Film studio Sony Pictures reported a 26.7% fall in sales to ¥149bn, a 20% decrease in US dollars to $1.8bn, with operating income collapsing by 66.7% to ¥4.7bn or $58m.


Click on the title to find out why?