Sony Pictures Sees Profit Jump In June Quarter On TV Series Deliveries; Theatrical Takes A Hit

Sony Pictures saw a 76% jump in operating profit for the June quarter to $129 million on revenue that grew 4% to $2.3 billion as the studio said more series deliveries in the Television Productions offset a softer theatrical release slate year-on-year for the Japanese giant’s fiscal first quarter.

Television Productions saw revenue rise to $841 million from $607 million the year before when series deliveries were slowed by the impact of Hollywood strikes.

Theatrical revenue fell to $132 million from $322 million as 28 Years Later and Karate Kids: Legends was up against Bad Boys: Ride or Die the year before.

Parent Sony Corp. saw revenue rise 2% to $17.6 billion and operating income pop 36% to $2.3 billion.

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