Sony Pictures Entertainment reported $2.3 billion in revenues for its fiscal third quarter, down 12% year over year. Operating income during the three months ending in December was $197 million, off 11%.<\/p>\n
The news came Wednesday when parent Sony Group reported a 22% growth in profits during the quarter helped in part by its music, gaming and imaging divisions. Sales grew 1%. The Tokyo-based conglom also raised its outlook for its fiscal year that ends in March.<\/p>\n
SPE in the year-ago quarter benefited from the theatrical success of Columbia Pictures\u2019 Venom: The Last Dance, which grossed $478M at the worldwide box office. The best performing theatrical release of the most recent quarter was Sony\/Crunchyroll\u2019s Chainsaw Man \u2013 The Movie: Reze Arc, which grossed $117M globally through December 31.<\/p>\n
Its operating income loss during Q3 was due the decrease in sales, offset by lower marketing costs for theatrical releases, the company said.<\/p>\n
Watch on Deadline<\/p>\n
The division kept its full-year guidance steady.<\/p>\n
Crunchyroll previously helped SPE in the second quarter ending last September, when Demon Slayer: Kimetsu no Yaiba Infinity Castle grossed an outsized $312M of its eventual $730M global gross.<\/p>\n
Source: RhinoEasy News<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Sony Pictures Entertainment reported $2.3 billion in revenues for its fiscal third quarter, down 12% year over year. Operating income<\/p>\n","protected":false},"author":1,"featured_media":977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[8],"tags":[],"class_list":["post-978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment"],"_links":{"self":[{"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/posts\/978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=978"}],"version-history":[{"count":0,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/posts\/978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/media\/977"}],"wp:attachment":[{"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}