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‘Spider-Man: Brand New Day’ Spins Up Massive Numbers for Sony’s Quarterly Earnings
Spider-Man: Brand New Day drove a sharp rise in Sony Pictures Entertainment’s sales and operating income for the quarter ending 30 September. The results show how the film’s box-office success helped lift Sony’s film division, even as revenue from television productions fell.
Sony Pictures reported sales of $3.23 billion, up 37% year on year, and operating income of $488 million, up 527%. The division’s theatrical revenue rose eleven-fold to $1.28 billion, largely thanks to Brand New Day and two horror films; the Spider-Man film grossed $2.52 billion worldwide. Across Sony, quarterly revenue reached 3.429 trillion yen ($21.5 billion), up 10%, while net income rose 44% to 450 billion yen ($2.8 billion).
In short
- Spider-Man: Brand New Day boosted Sony Pictures’ quarterly earnings.
- The film grossed $2.52 billion worldwide.
- Sony’s net income rose 44% year on year.
Explained simply
Sony Pictures Entertainment is the film and television arm of Sony, the Japanese company whose businesses also include games, music and electronics. It makes and distributes films and television programmes, and earns money from cinema releases as well as from selling or licensing content.
Spider-Man is a Marvel character whose film rights are held by Sony, which makes the character’s films with Marvel Studios. A successful cinema release can bring in ticket income and later support sales and licensing, while Sony’s film division also depends on other releases and television production.
Sony’s quarterly figures show how one hit film can affect the performance of a large entertainment business. Comparing film income with television revenue and the rest of Sony’s results helps put that effect in context.
Business Companies Entertainment Film Spider-Man: Brand New Day