Friday, July 29, 2016
Foreign Exchange Ups Sony Pictures Q1 Loss
The strong theatrical performance of 'The Angry Birds Movie' wasn’t enough to offset foreign currency fluctuation as Sony Pictures saw a first-quarter (ended June 30) operating loss of $98 million, compared with an operating loss of $96.4 million during the previous-year period. Revenue increased to $1.69 billion, from $1.41 billion.
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