Sony Pictures Posts $86m Loss

Sony Pictures posted a loss of $86 million for the April to June quarter📆, compared to a $103 million loss in the same period last year.

Sales were up 12.3%, helped by higher television📺 production sales, offset by lower theatrical revenue along with advertising costs for Spider-Man: Homecoming🕷.

The success of Spider-Man: Homecoming🕸 did not boost the quarterly figures as it was released in July, just after the company's fiscal first quarter finished📊.

Sony forecasts full-year sales for the film🎞 division of ￥1,020 billion ($9.25 billion at current exchange rates) and operating profit💴 of ￥39 billion ($354million).

UCJ, UNILORIN.