Sony Pictures Explodes Q4 Operating Income 129%9 May, 2013 By: Erik Gruenwedel
Sony Pictures May 9 reported fourth-quarter (ended March 31) operating income of $207 million, up 129% from operating income of $85.5 million during the previous-year period.
The studio, which includes Sony Pictures Home Entertainment, said revenue in the quarter increased nearly 14% to $2.2 billion.
For the fiscal year, Sony said studio operating income rose 40% to $509 million due to theatrical revenue from Skyfall and The Amazing Spider-Man. Television revenue increased due to higher subscription revenues from SPE’s television networks and higher home entertainment revenues from U.S. made-for-cable television programming.