Sony's film unit posts $366 million quarterly profit
Sony Pictures posted a profit of $366 million for the July to September quarter, Sony Corp. announced in Tokyo on Tuesday., which took more than $1.1 billion globally, and Quentin Tarantino'sRevenue was up 12 percent on the same period last year.
On Tuesday, Sony announced that its U.S. PlayStation Vue television service will shutter in January 2020 after struggling to turn a profit since its launch in 2015, and failing to find a buyer. Profits at the music division were up to $350 million , as revenues streaming revenue continued to grow. The entertainment to electronics conglomerate is planning to expand its profitable semiconductor/image sensor business, which makes chips for smartphones and other devices, by investing around $920 million in a new factory in Nagasaki, according to domestic media reports. Sony last monthand his Third Point hedge fund to spin off the semiconductor business, which has about a 50 percent global market share in the sector.
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