Sony Pictures Loses $86 Million In First Fiscal 2017 Quarter #movienews

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Sony Corp. earnings may be up when compared to the same time period from last year, but their struggling film division remains in the red, taking an $86 million loss for the first fiscal quarter of 2017. Whereas studios like Disney and Universal constantly rake in the cash thanks to massive tentpoles like the Marvel Cinematic Universe and Fast and Furious franchises, Sony is not so lucky. They’ve hit tough times financially of late, reporting a loss of $719 million for 2016. Of course, some of their movies do find success commercially, but a few would-be blockbusters failed to make much of an impact. The infamous Ghostbusters reboot from ...

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