Sony Group Corporation - Sponsored American Depositary Receipt (SONY)
‘Furiosa,' ‘Garfield' fight for No. 1 in slowest Memorial Day box office in decades
Movie theaters are looking more and more like a wasteland this summer. Neither “Furiosa: A Mad Max Saga” nor “The Garfield Movie” could save Memorial Day weekend, which is cruising towards a two-decade low.
Sony's Entertainment Unit Syncs Up for Success, Paramount or Not
Sony is aiming to make better use of intellectual property across gaming, films and more.
Sony says focus is on creativity, with games, movies, music, sensors, IP, and not gadgets
Japanese electronics and entertainment company Sony says it's focusing on creativity in movies, animation and video games, rather than old-fashioned gadgetry.
Sony Had A Good Q4 Game But It Needs To Figure Out How To Evolve Beyond PlayStation
On Tuesday, Sony Group Corporation Fiscal Fourth Quarter And Fiscal Year Highlights For the three months that ended in March, Sony reported revenue grew 13% YoY to 3.481 trillion yen, while net profit rose 34% YoY to 189.005 billion yen which is about $1.21 billion. The gaming business reported that operating profit more than doubled to 105.98 billion yen, while the movie business followed with a nearly doubled operating profit of 30.67 billion yen. For the fiscal year, Sony sold 20.8 million units of PlayStation 5, which is more than 19.1 million units it sold during the previous fiscal year. Like Microsoft Corporation Moreover, the videogame retailer’s stock plummeted on Friday as meme-stock mania faded. GameStop reported preliminary first quarter results and they showed a first quarter drop in sales. GameStop expects first quarter sales to range between $872 million to $892 million while it reported $1.24 billion during last year’s comparable quarter. But, GameStop is also expecting to narrow down its net loss from last year’s $50.5 million to somewhere between $27 million and $37 million. Fiscal Year Outlook The Japanese entertainment and electronics company plans to spin off its financial business, which is why it guided for a revenue drop of 5.5% to 12.310 trillion yen and a net profit decline of 4.7% to 925 billion yen. However, Sony guided for its game business operating profit to continue to rise at 6.8% to 310 billion yen. Sony also expects its movie business profits to rise 2% to 120 billion yen. Sony and Microsoft rivalry will live on, but there’s bigger fish to fry. Both for Sony and its rival Microsoft, findings ways to grow revenue is more important than winning the console war. Microsoft undoubtedly upleveled its game by acquiring Activision Blizzard but console wars are becoming less and less relevant as both Microsoft and Sony need to figure out how to evolve in the new gaming era that is in the making.
Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports
Sony Pictures Entertainment and Apollo Global Management have signed nondisclosure agreements that will allow them to look at Paramount's books ahead of a potential bid for the movie studio's assets, the New York Times reported on Friday, citing people familiar with the matter.
Sony & Paramount Sign Non-Disclosure Agreement Allowing Deal Talks To Start, But It's Not Looking Like A $26 Billion Bid For Whole Company Anymore
Sony has signed an NDA with Paramount Global, a move that will give it access to the books and allow deal talks to move ahead, Deadline hears. Sony, parent of U.S.
