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    Sony quarterly profit rises on games, financial services

    By SHOOTUpdated:No Comments1961 Views
    This June 14, 2018, file photo, shows a Sony logo at its showroom in Tokyo. (AP Photo/Shuji Kajiyama, File)

    By Yuri Kageyama, Business Writer

    TOKYO (AP) --

    Japanese electronics and entertainment company Sony Corp.'s net profit rose 32 percent in the last quarter, helped by healthy video game sales and its financial services business, the company said Tuesday.

    Tokyo-based Sony's profit totaled 173 billion yen ($1.5 billion) in July-September, up from 131 billion yen the year before.

    Quarterly sales totaled 2.18 trillion yen ($19.3 billion), up from 2.06 trillion yen.

    Sony's popular mobile-game application "Fate Grand Order" and favorable revenue in Sony's insurance business helped boost profits, the maker of PlayStation video game machines said.

    Robust image sensor sales of image sensors also helped offset restructuring costs in its movies division, the studio behind the Spider-Man films, and falling smartphone sales in Europe and Latin America.

    In recent quarters, Sony's PlayStation 4 video game operations, especially software sales, have been doing well.

    Sony raised its full year profit forecast through March to 705 billion yen ($6.3 billion) from an earlier 500 billion yen ($4.4 billion).

    Tags:PlayStationSony



    Kevin Costner to receive MPSE Filmmaker Award; Greg Hedgepath named recipient of MPSE Career Achievement honor

    Thursday, November 21, 2024
    Kevin Costner (photo courtesy of Kevin Costner)

    Motion Picture Sound Editors (MPSE) will present Oscar®-winning filmmaker and actor Kevin Costner with the 2025 MPSE Filmmaker Award, bestowed annually to a filmmaker of distinction. And supervising sound editor Greg Hedgepath will receive the Career Achievement Award for his prolific career in sound editing. Both awards will be presented during MPSE’s 72nd Annual Golden Reel Awards Gala on February 23, 2025 at the Ebell Theatre in Los Angeles.

    The MPSE Filmmaker Award is bestowed upon an individual outside the sound community whose career has demonstrated a great appreciation and understanding of the impact of sound editing. The MPSE Career Achievement Award is presented to a person whose career has made a significant impact on the sound community through exemplary work, service or leadership.

    “Kevin Costner has captivated audiences with his powerful storytelling throughout his illustrious career,” said MPSE president David Barber. “From epic Westerns to poignant dramas, his use of sound as an integral component of his cinematic storytelling has stirred our emotions and immersed viewers in the worlds he’s created for decades. This passion for sound is abundantly clear in his latest ambitious project, the Horizon saga. We are thrilled to honor him with the Filmmaker Award, recognizing his exceptional contributions to the art of storytelling through sound in film and television.”

    Barber added, “Greg Hedgepath is a true titan in the world of sound. His contributions to cinema are immense, spanning decades and encompassing a remarkable range of genres. From the heart-pounding intensity of ‘Speed’ and ‘Twister’ to the nuanced drama of ‘Selma’ and ‘Straight Outta Compton’, Greg’s work has consistently elevated... Read More

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