Sony Pics Fiscal Year Profit Plunges 49%

Nikki Finke, Deadline.com
Fri, 05/15/2009 - 1:45am

Just 3 months ago, Sony Pictures Entertainment chairman Michael Lynton announced he was reluctant to pay millions in upfront money to actors, directors and producers as DVD sales decline in this recession. (He wanted them to share the risk more...) So I gotta ask: now that Sony Pictures' profit fell 49% for the fiscal year ended March 31st, and analysts say the studio may [...]

Topics: sony pictures entertainment michael lynton dvd so i march profit fiscal year

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Sony Pics Fiscal Year Profit Plunges 49%

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