Sony Pictures Entertainment First Quarter Profit Slides To $115 Million

The multi-million pound transformation of Stockport’s bus station has reached a new milestone with the planting of the first trees in the rooftop park.

(G)I-DLE‘s upcoming first fully English EP ‘HEAT’ has been delayed.Last month, (G)I-DLE revealed that they would be releasing their first fully English EP ‘HEAT’ in September, in partnership with 88rising. It came shortly after a new partnership between their label CUBE Entertainment and Asian-focused music company 88rising.Today (August 18), 88rising announced that it and CUBE Entertainment have decided to delay the release of ‘HEAT’.

Sony Picture Classics and Trafalgar Releasing have firmed up worldwide release plans for Carlos, their feature documentary on 10-time Grammy-winning musical icon, Carlos Santana.

Sony’s Craig Gillespie-directed comedy, Dumb Money, about the GameStop meme investors isn’t going wide anymore on Sept. 22. Rather, the Culver City lot has opted to go exclusive with the ensemble movie on Sept. 15 in LA and NYC, then a limited break on Sept. 22, followed by a moderate release on Sept. 29 and a final wide on Oct. 6. You’ll remember, Sony moved Kraven the Hunter off of that first weekend of October to Labor Day weekend 2024.

EXCLUSIVE: Adding to its roster of local-language remakes, Sony Pictures International Productions is teaming with Biônica Filmes on a Brazilian redo of 2011 romantic comedy, Friends with Benefits which starred Justin Timberlake and Mila Kunis. The Brazilian version, Amizade Colorida, is directed by Rafael Gomes and stars Maria Bopp and Ícaro Silva.

A consortium of major record labels including UMG, Sony, and Capitol have launched a copyright lawsuit against Internet Archive. The full complaint, which can be read here via Music Business Worldwide, targets the online library’s “Great 78 Project,” a digitized collection of 78-rpm records produced prior to 1972.

Patrick Frater Asia Bureau Chief The number of paying streaming subscribers at China’s Tencent Music Entertainment hit 100 million in the June, the company said Tuesday as it revealed its second quarter financials. Subscriber numbers increased by 20% year on year and by 5 million quarter on quarter, to hit 99.4 million, the company said. That increase helped quarterly revenues from music subscriptions to rise by 37% year-on-year to RMB2.89 billion ($399 million).

Zee Entertainment Enterprises and Sony’s Indian TV businesses has been nearly two years in the making, but finally cleared a key regulatory hurdle on Thursday. The combined companies have the potential to create a giant in broadcast TV — a sector that is still paramount in India — and are valued at $10 billion. Last week’s other tremblor was news from Burbank that Disney+ Hotstar, India’s streaming market leader, had lost 12.5 million subscribers, following the loss of key sports rights to a competitor.

Patrick Frater Asia Bureau Chief Box office hit “Lost in the Stars” was a contributor to the April to June profits recorded by Chinese tech giant Alibaba’s digital media and entertainment division. The division, which spans streaming, ticketing, film production and distribution and web browser, recorded earnings before interest, taxation and amortization (EBITA) of $9 million (RMB63 million). That follows many years of losses, including $126 million (RMB907 million) of EBITA losses in the equivalent quarter last year.

Lionsgate CEO Jon Feltheimer said the planned split of Lionsgate and Starz will take place in the first quarter of 2024, a change from the prior outlook for early fall of this year.

Patrick Frater Asia Bureau Chief Significant decreases in profits at the pictures division and financial services led Japanese electronics and entertainment conglomerate Sony to reveal corporate-wide revenues that increased by a third, but net profits that slipped by 17%, for the first quarter of its financial year. In the April to June period group revenues weighed in at JPY2.23 trillion (up 33% year on year) or $21.6 billion at current rates of exchange.

The Bee Gees, The Go-Go’s, David Bowie, the Grateful Dead, Louis Armstrong, the Velvet Underground, and Tina Turner have something more in common than just musical greatness. They’ll all been the subject of recent documentaries, part of an explosion in popularity of the nonfiction genre.

Brent Lang Executive Editor Yellow Veil Pictures and Vinegar Syndrome announced have co-acquired North American rights for “Riddle of Fire,” the feature debut of writer and director Weston Razooli. The movie follows three mischievous children as they embark on an odyssey when their mother asks them to run an errand. The film was also an official selection at this year’s Cannes Directors’ Fortnight and will screen on the closing night of the Toronto Film Festival’s Midnight Madness section.

The Miracle Club will move back into 200-300 movie theaters nationwide August 18 for the rest of the summer due to an “overwhelmingly positive response” from audiences that the distributor said translated into a demand for additional playdates.

Labor Day sales. Currently, Amazon, Samsung, Walmart and Best Buy are offering some of the best TV sales if you're shopping on a budget. With so many different sizes and specs to consider when shopping, we've categorized our top picks for TV deals by brand.From the newest Samsung and LG TVs with cutting-edge displays to great-value budget TVs from TCL and Sony, there are plenty of top-rated TVs being steeply discounted to upgrade your entertainment setup for less.

just competed for the first time since from the gymnastics team finals and other events at the 2020 Tokyo Olympics, which took place at in the summer of 2021. At the time, Biles was experiencing a condition called ,” which caused her to lose track of where her body was in the air and made it dangerous to compete, though she still secured the bronze medal on the balance beam.After a two-year hiatus, she returned to the beam at the Core Hydration Classic in Illinois on August 5, scoring a 14.8 for that particular event.

Simone Biles is back in business!

Pedro Almodóvar’s short film, Strange Way of Life, which had its world premiere at Cannes back in the spring, is hitting theaters in NYC and LA on Oct. 4 thanks to Sony Pictures Classics.

Legendary Entertainment has a new President of Television.

Labor Day sales. Currently, Amazon, Samsung, Walmart and Best Buy are offering some of the best TV sales if you're shopping on a budget. With so many different sizes and specs to consider when shopping, we've categorized our top picks for TV deals by brand.From the newest Samsung and LG TVs with cutting-edge displays to great-value budget TVs from TCL and Sony, there are plenty of top-rated brands offering big discounts to upgrade your entertainment setup.