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Sony Pictures Profits Climb 56% to $281 Million, Lifting Group Income in Third Quarter
Profits at Sony Pictures increased by 56% in the October to December quarter hitting $281 million.
Operating income at the ‘Pictures Division’ of Sony Group Corporation climbed by 56% to hit $281 million in the October to December 2023 quarter, the Japanese company reported on Wednesday. In a highly dramatic turn of events Sony last month walked away from a proposed $5 billion merger of its Indian TV and streaming businesses with rival Zee Entertainment Enterprises, despite more than two years of negotiations and regulatory clearances. At the time of its January deal cancelation announcement Sony said that the strategic setback was unlikely to have any material impact on its third quarter financial results.
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