Sony Annual Profits Halved as Pictures Division Loses $719 Million

Japanese electronics and entertainment group, Sony revealed net profits of $660 million (JPY73.3 billion) for the financial year running from April 2016 to March 2017. That was a 50% reduction compared with 2015-16. The pictures division, which covers Sony Pictures Entertainment, and other film and TV content operations, accounted for a loss of $719 million (JPY80.3... Read more » Patrick Frater