Tag: sony pictures

Skip unpacks Sony Pictures Entertainment's rough quarter, with profits sliding 21% to $223 million due to rising marketing costs and weaker catalog licensing. Despite a 6% revenue bump to $2.62 billion, operating income fell 16.5%. Meanwhile, PlayStation and Sony Music…

Tony Vinciquerra, in an interview with the LA Times, reflected on his tenure as CEO of Sony Pictures Entertainment ahead of his January 2 departure. He discussed revitalizing franchises like Spider-Man and Jumanji, leveraging PlayStation IP, and expanding into anime…

Sony Pictures faced mixed outcomes in Q2, with declines in home entertainment and theatrical revenues offset by strong growth in streaming and music. Group-wide, Sony’s net income surged 75%, driven by strategic gains in gaming and third-party content licensing. Sony’s…

U.S. Bankruptcy Court judge has given preliminary approval for $8 million in debtor-in-possession funding for Chicken Soup for the Soul Entertainment (CSSE), owner of Redbox Entertainment. The loan aims to pay the company's 1,000 employees and avoid immediate harm to…

Chicken Soup for the Soul Entertainment, the parent company of Redbox, filed for Chapter 11 bankruptcy, citing debts of $970 million and assets of $414 million. The company owes significant amounts to major studios like Universal, Sony, Lionsgate, and BBC,…