Sony Pictures' Fiscal Year 2019 Profits Increase

Sony announced its earnings for the last fiscal year (April 2019 to March 2020). Sony Pictures ’operating profit was $ 628 million, higher than the previous year ’s $ 489 million. However, the overall profit of the Sony Group fell by 36% to 5.34 billion US dollars.

Sony Pictures ’revenue climbed from 9.87 billion US dollars in the previous year to 9.32 billion US dollars. Group revenue fell 5% to US $ 75.7 billion.

Sony Pictures' Fiscal Year 2019 Profits Increase

Sony Pictures' Fiscal Year 2019 Profits Increase​

Sony stated that the revenue growth of the film industry sector "mainly benefited from the increase in theater revenue from " Spider-Man: Far From Home ", "Jumanji: The Next Level "and " Bad Boys for Life " , and the increase in revenue from TV copyrights. "
 
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