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Sony Pictures Sees Profit Jump In June Quarter On TV Series Deliveries; Theatrical Takes A Hit
Deadlineยท 2025-08-07 03:58
Group 1 - Sony Pictures experienced a 76% increase in operating profit for the June quarter, reaching $129 million, with revenue growing 4% to $2.3 billion [1] - The growth in revenue was primarily driven by an increase in series deliveries in Television Productions, which saw revenue rise to $841 million from $607 million the previous year [1] - The softer theatrical release slate year-on-year contributed to the decline in theatrical revenue, which fell to $132 million from $322 million [2] Group 2 - The decline in theatrical revenue was attributed to competition from films such as Bad Boys: Ride or Die in the previous year, impacting the performance of titles like 28 Years Later and Karate Kids: Legends [2]