Summary :
The ‘Pictures Division’ which encompasses feature film, TV networks and television production operations, recorded $2.64 billion of revenue and $394 million of operating profits.
Like ‘Pictures’, Sony’s music division managed revenue and operating profit improvements.
Sony said that the 41% increase in sales (67% in Japanese currency) of the Pictures Division reflected higher series deliveries, higher licensing and home entertainment revenues and higher sales for anime streaming services following the acquisition of Crunchyroll, with the smaller number of theatrical releases the only negative. Top three recorded music projects in the quarter were Harry Styles’ “Harry’s House,” Future’s “I Never Liked You” and Doja Cat’s “Planet Her.”
The decrease in games segment revenues reflected reduced volumes of sales for Sony’s own games and for third party titles, as well as lower levels of game play as COVID retreats and users increase their out of home entertainment.
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