Sony Group Corp
AMC is poised to ride the box office rebound, as long as its debt doesn’t get in the way
Cars drive near an AMC Theater in New York City on March 29, 2023. Leonardo Munoz | View Press | Corbis News | Getty Images The domestic box office is on the rebound, having posted its highest third-quarter ticket sales since the pandemic. The world’s largest movie theater chain, however, isn’t on such solid footing. […]
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Sony raises guidance on gaming strength, quarterly operating profit beats estimates
Sony’s PlayStation 5. Thiago Prudencio | Lightrocket | Getty Images Sony raised sales guidance for the full year on Friday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business. Here’s how the company did in the September quarter, versus LSEG consensus estimates: Revenue: 2.97 trillion Japanese yen ($19.4 […]
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Sony reports 69% jump in operating profit, beating expectations
Sony’s PlayStation 5. Thiago Prudencio | Lightrocket | Getty Images Sony reported a 69% jump in operating profit Thursday, smashing analyst expectations. Here’s how the Japanese tech giant did in the September quarter, versus LSEG consensus estimates: Operating profit: 445.1 billion yen ($2.91 billion), versus 336.07 billion yen expected. That’s up 69% year-over-year and beats analyst […]
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‘Joker: Folie a Deux’ is this year’s latest box-office flop. Here’s what else has disappointed
Joaquin Phoenix stars as Arthur Fleck in “Joker: Folie a Deux.” Warner Bros. Warner Bros. took a big swing with “Joker: Folie a Deux.” It’s turned into a big whiff. After the billion-dollar success of “Joker” in 2019 on a shoestring budget of just $55 million, the studio greenlit a sequel, offering director Todd Phillips […]
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Netflix and more: Jefferies names stocks set to benefit from a $60 billion anime boom
The popularity of anime — or animation produced in Japan — has boomed in recent years, and several global entertainment companies are leading in, according to Jefferies. “Many companies are now positioning anime-related businesses as core to their growth strategies,” the investment bank’s analysts said in an Oct. 9 equity research note. The key driver, […]
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Hollywood’s franchise frenzy: More than half of top studios’ 2025 movies are existing IP
A life-size model of the new Marvel Universe movie “Deadpool & Wolverine” authorized by Disney is seen in Shanghai, China, on July 26, 2024. Cfoto | Future Publishing | Getty Images Hollywood’s franchise frenzy is only just beginning. The 2024 box office has been inundated with sequels, prequels and remakes, with the top 10 titles […]
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Microsoft to cut 650 jobs at its Xbox gaming unit — read the full memo from top exec Phil Spencer
Phil Spencer, executive vice president at Microsoft, speaks at the company’s Xbox One X reveal event ahead of the E3 Electronic Entertainment Expo in Los Angeles on June 11, 2017. Patrick T. Fallon | Bloomberg | Getty Images Microsoft on Thursday said it is cutting 650 roles at its Xbox gaming division, in the latest […]
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Sony unveils upgraded PlayStation 5 Pro to boost slowing console business
Sony is releasing its upgraded PlayStation 5 Pro console on Nov. 7, 2024. Sony Sony on Tuesday announced the PlayStation 5 Pro, an upgraded version of its gaming console that will launch on Nov. 7 for $700. The arrival of Sony’s refreshed PS5 console comes amid a global decline in console sales. In August, Sony […]
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Summer box office bounced back thanks to ‘Inside Out 2,’ ‘Deadpool & Wolverine’
Ryan Reynolds and Hugh Jackman star in Marvel’s “Deadpool & Wolverine.” Disney Box office analysts and cinema owners braced themselves a few months ago for the possibility that the summer movie season could be the worst showing in a decade. Thanks to some anthropomorphic emotions and a bad-mouthed, fourth-wall breaking antihero, the domestic summer box […]
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A look at the behind-the-scenes business of Hollywood studio lot tours
The Hollywood sign is viewed during a clearing storm. Mario Tama | Getty Images News | Getty Images For over 100 years, Hollywood has transported audiences to worlds outside their own, from the slick streets of New York City to the yellow bricks of Oz. Hundreds of acres of land in Los Angeles are dedicated […]
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