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Tuesday, May 28, 2024

Sony’s Movie and TV Unit Sees Full Yr 2023 Revenue Slip to $808M


Sony Photos Leisure’s full-year 2023 working revenue fell to $808 million from $894 million, with gross sales creeping up barely to $10.315 million from $10.141 million.

SPE contains movement photos, tv productions and media networks, and the full-year 2023 efficiency of these three segments have been impacted by the twin Hollywood strikes.

In Sony’s fiscal fourth quarter, the movement image division noticed revenue of $208 million, down from the $281 million working revenue within the third quarter. Within the newest quarter, the movie division launched the Sydney Sweeney and Glen Powell rom-com Anybody However You that proved to be a giant success on the field workplace and in addition on social media. Nonetheless, the quarter additionally noticed the discharge of the Sony/Marvel title Madame Net, that was panned by critics — the movie boasts a dreary 11 % Rotten Tomatoes critics rating — and was one other field workplace misfire for the studio’s makes an attempt to broaden its Spider-Man universe after the equally panned 2022 launch Morbius.

With a manufacturing price range of slightly below $100 million, Madame Net had an underwhelming six-day opening of $25.8 million, and made a complete of $100 million on the world field workplace.

Extra to come back…

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