Sony Pictures posts surprising profit jump thanks to 'Amazing Spider-Man 2,' '22 Jump Street'

By Daniel S Levine,

Sony Pictures has had a rough few summers, but this past year has shown a nice uptick for the company. During its fiscal first quarter, the company saw profits rise thanks to The Amazing Spider-Man 2 and 22 Jump Street.

The Tokyo-based company’s entertainment division posted an overall net income from April to June of $260 million, reports Deadline. The biggest sector for the company is unsurprisingly in the home entertainment area, which makes Sony TVs and other devices. There, sales increased 3.8 percent from the same time last year, reaching $2.8 billion.

On the film side, Sony posted $76 million in operating profit, notes TheWrap. That’s a huge jump from the same time in 2013, when the company posted just $37 million in operating profit.

ASM 2 was actually the lowest-grossing Spider-Manfilm yet, but still grossed $706 million worldwide. 22 Jump Street also became an international hit, scoring $279.1 million worldwide, even before it opens in major Latin American and European markets.

Sony took a major hit last summer, when Will Smith’s After Earth was a disappointing flop. The studio’s future will include more Spider-Man films, but Sinister Six now won’t be out until 2016.

image of Andrew Garfield and Emma Stone courtesy of Roger Wong/INFphoto.com



Join Our Newsletter

Popular Threads