Sony Pictures’ strong performance in the quarter that ended in June stood out as the corporation reported a net loss of $191M on revenues of $18.5B, down 10% vs. the same period last year. Sony attributed the decline to the effects of this year’s earthquake and tsunami as well as lower-than-expected sales of TV sets and other consumer electronics. As a result, Sony lowered its net profit forecast for the year ending March 2012 by 25% to $771M.
Home video sales for The Green Hornet, Battle: Los Angeles, and Just Go With It as well as television ad revenues from India contributed to the $1.78B fiscal 1Q for Sony Pictures. The company says that the unit delivered $53M in operating profit, up 50.4% vs. the same period last year. Results were somewhat muddled at Sony Music due to currency exchange issues. Its profits were 61.4% to $149M on sales of $1.35B, down 0.6%. But the company says the slight drop is largely due to the appreciation of the yen vs the U.S. dollar. Factoring that out, the music operation’s sales were up 7%. Best sellers for the quarter included recordings from the TV show Glee, Adele’s 21, Beyonce’s 4, and Foo Fighters’ Wasting Light.
As the alien invasion movie Skyline is unleashed today by Relativity Media and Universal, Sony Pictures Entertainment has released a teaser for Battle: Los Angeles, a big scale alien invasion movie set for released in March. The battle between these two films goes beyond a simple same-subject rivalry; there is … Read More »
EXCLUSIVE: A real battle is brewing between rival aliens-invade-Los Angeles films Skyline and Battle: Los Angeles. Sony Pictures Entertainment, the studio behind the big budget Battle: Los Angeles, is exploring its legal options. At issue: Greg and Colin Strause, the … Read More »
Luke Y Thompson is covering the Con for Deadline:
A round-up of some other panels, in brief…
BATTLE: LOS ANGELES
Should they have called this, BATTLE: L.A., since it was actually shot in Louisiana, and that would provide plausible deniability? Regardless, the look being strived for here is obviously BLACK HAWK DOWN meets DISTRICT 9. Aaron Eckhart leads an army team to find survivors in a besieged Los Angeles that has been bombarded by alien artillery fire. He has three hours to get in and out before the U.S. Military’s bombs drop (implied, but not said in the clip, is that these bombs will be nuclear). Read More »
THURSDAY, JULY 22
The Real Start Day Of The Con
Luke Y Thompson covers Hollywood events at the Con for Deadline:
10:00-11:00 AM: DreamWorks Animation: Megamind. I can’t say the posters for this new 3-D animated movie starring Will … Read More »