“Although 2014 was a challenging year for our company, I am confident that our recent announcement to restructure our feature film business will enable us to deliver great films and better box-office results,” Katzenberg said. Most of the movie writedown relates to goodwill recorded at the time of Sonys acquisition of Columbia Pictures in 1989. January 30, 2017, 8:54 PM By Makiko Yamazaki and Tim Kelly TOKYO (Reuters) - Sony Corp will write down the value of its movie business by nearly 112.1 billion yen (976 million) in the third. Revenue in the new segment was $24.9 million in the fourth quarter. By Makiko Yamazaki and Tim Kelly TOKYO (Reuters) - Sony Corp will write down the value of its movie business by nearly 112.1 billion yen (976 million) in the third quarter, blaming weaker film. The company also introduced a new segment, “new media,” which is where its 75 percent interest in Awesomeness TV will now reside. Revenue from TV was $50.7 million, and revenue from consumer products was $22.1 million.
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In the fourth quarter, DreamWorks Animation said $131.3 million of its revenue came from feature films, the biggest contributor being How to Train Your Dragon 2. REUTERS/Toru Hanai/Files (Reuters) By Makiko Yamazaki and Tim Kelly TOKYO (Reuters) - Sony Corp will write down the value of its movie business by nearly 112.1 billion yen (976 million) in the. The company expects up to $250 million in TV-only revenue this year. He also boasted of having delivered 40 episodes of TV shows to Netflix so far and he expressed enthusiasm for a DreamWorks Animation TV channel that will launch in countries across Asia this year. On Tuesday, Katzenberg said the studio will at least break even this year as long as Home breaks even or earns a profit. The financial results also come as the studio recovers from disappointment at Sunday’s Oscar show, where Disney’s Big Hero 6 took the award for best animated feature even though DreamWorks Animation’s How to Train Your Dragon 2 was widely considered the favorite in that category.
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