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Sony’s profit surges on healthy film, game, music growth

TOKYO (AP) — Sony’s fiscal fourth quarter surged 67% to 111.1 billion yen ($852.7 million) from the previous year, as the Japanese entertainment and electronics company racked up profits in video game and movie divisions.

Tokyo-based Sony Corp.’s January-March quarterly sales edged up 1% to 2.26 trillion yen ($17 billion), as its music operations also did well, boosted by the popularity of streaming services, the company said Tuesday.

For the full fiscal year ended in March, Sony racked up a profit of 882 billion yen ($6.8 billion), down 14% despite the success of “Spider-Man: No Way Home,” which contributed to theatrical revenue.

Sales in its TV division also grew from the licensing income of “Seinfeld” and other titles, Sony said.

Sony CFO Hiroki Totoki told…


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