Television

Ten Sports, Spiderman sequel help drive up Sony revenue in second quarter

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2017/11/02/sachin_0.jpg?itok=APm2SLmT

BENGALURU: Sony Pictures Network India’s (SPN) acquisition of Ten Sports Network seems to be working well for parent Sony Corporation’s (Sony) financial numbers for the quarter ended 30 September 2017 (Q2-18, current quarter).

In its earnings release, Sony has said that the pictures segment sales increased 27 percent year-on-year (a 17 percent increase on a US dollar basis) to 244 billion yen. The  company says that asignificant increase in sales on a US dollar basis was primarily due to higher sales in Motion Pictures and Media Networks. Motion Pictures sales increased significantly due to the strong worldwide theatrical performance of Spider-Man: Homecoming. Media Networks sales increased significantly primarily due to higher advertising and subscription revenues from Ten Sports Network, a sports network in India acquired by SPE in February 2017, and from SPE’s other networks in India.

Pictures segment operating income increased 4.5 billion yen year-on-year to 7.7 billion yen. The company says that this increase in operating income was primarily due to the above-mentioned increase in sales, partially offset by higher programming and marketing expenses for Media Networks.

It may be noted that Sony’s Pictures segment, of which SPN is a part, was Sony’s third largest segment in terms of revenue for Q2-18. This segment has reported an operating profit for the current quarter, but an operating loss for the half year ended 30 September 2017 (H1-18). All of Sony’s segments have reported growth in revenue for the current quarter.

Sony’s revenue and income

Sony’s sales and operating revenue increased by 22.1 percent compared to the same quarter of the previous fiscal year (year-on-year) to 2,062.5 billion yen. This significant increase was primarily due to the impact of foreign exchange rates and an increase in game & network services (GNS) segment sales. On a constant currency basis, sales increased 15 percent.

The operating income of Sony’s pictures segment increased 4.5 billion yen year-on-year to 7.7 billion yen. The company says that this increase in operating income was primarily due to the above-mentioned increase in the segment’s sales, partially offset by higher programming and marketing expenses for Media Networks.

Let us see how the other segments of Sony have fared

Mobile Communications (MC) segment sales was 172.0 billion yen, essentially flat year-on-year (a 3 percent decrease on a constant currency basis). MC segment had an operating loss of 2.5 billion yen was recorded, compared to operating income of 3.7 billion yen recorded in the same quarter of the previous fiscal year. The company says that this deterioration was primarily due to a change in the geographic mix of smartphone sales, an increase in the price of key components, as well as the negative impact of the appreciation of the US dollar, primarily reflecting the high ratio of US dollar-denominated costs, partially offset by reductions in operating costs and marketing expenses and forex fluctuations.

The GNS segment sales increased 35.4 percent year-on-year (a 25 percent increase on a constant currency basis) to 433.2 billion yen. The company says that this significant increase was primarily due to an increase in PlayStation4 (PS4) software sales including sales through the network, the impact of foreign exchange rates, as well as an increase in PS4 hardware sales. GNS segment’s operating income increased 35.8 billion yen year-on-year to 54.8 billion yen.

Imaging Products & Solutions (IPS) segment sales increased 15.8 percent year-on-year (a 7 percent increase on a constant currency basis) to 156.7 billion yen. The company says that this significant increase in sales was mainly due to the impact of foreign exchange rates as well as the absence in the current quarter of the impact from the 2016 Kumamoto Earthquakes in the same quarter of the previous fiscal year. IPS segment’s operating income increased 4.0 billion yen year-on-year to 18.9 billion yen.

Home Entertainment & Sound (HES) segment’s sales increased 28.1 percent year-on-year (a 17 percent increase on a constant currency basis) to 300.9 billion yen. The company says that this significant increase was primarily due to an improvement in the product mix of televisions reflecting a shift to high value-added models, as well as the impact of foreign exchange rates. HES segment’s operating income increased 6.8 billion yen year-on-year to 24.4 billion yen.

Semiconductors segment sales increased 17.9 percent year-on-year (a 10 percent increase on a constant currency basis) to 228.4 billion yen. The company says that this increase was primarily due to a significant increase in unit sales of image sensors for mobile products, as well as the absence of the impact of a decrease in image sensor production due to the 2016 Kumamoto Earthquakes in the same quarter of the previous fiscal year, partially offset by a significant decrease in sales of camera modules, a business which was downsized. Semiconductors segment Operating income of 49.4 billion yen was recorded, compared to an operating loss of 4.2 billion yen recorded in the same quarter of the previous fiscal year.

Music segment sales increased 37.5 percent year-on-year (a 32 percent increase on a constant currency basis) to 206.6 billion yen. The company says that this significant increase in sales was mainly due to higher visual media and platform sales and higher recorded music sales. Visual media and platform sales increased significantly due to the continued strong performance of

Fate/Grand Order, a game application for mobile devices. Recorded music sales increased significantly primarily due to a continued increase in digital streaming revenues. Music segment’s operating income increased 16.0 billion yen year-on-year to 32.5 billion yen.

Financial services segment revenue increased 7.2 percent year-on-year to 279.2 billion yen primarily due to an increase in revenue at Sony Life. Revenue at Sony Life increased 6.6 percent year-on-year to 246.0 billion yen mainly due to higher insurance premiums revenue reflecting an increase in the policy amount in force, as well as an improvement in investment performance in the separate account. This improvement in investment performance was mainly due to favorable financial market conditions says the company. Operating income increased 3 billion yen year-on-year to 36.6 billion yen, primarily due to a decline in the loss ratio for automobile insurance at Sony Assurance and the above-mentioned increase in insurance premiums revenue at Sony Life.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/13/zee-tamil.jpg?itok=zryzfAwz
World television premiere of Maragadha Naanayam on Zee Tamil

Zee Tamil announced the world television premiere of critically acclaimed Maragadha Naanayam – the fantasy-comedy-thriller film that features Aadhi Pinisetty and Nikki Galrani on Sunday, 17 December at 4:00 PM only on Zee Tamil. Written and directed by ARK Saravan, the movie is a perfect blend of...

Television TV Channels Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/12/colp.jpg?itok=xKojrAKq
Republic TV to track real-time data for Gujarat elections

MUMBAI: Republic TV has partnered data-science company Gramener to track real-time data, along with analysis, during the Gujarat elections. According to a release sent by Republic TV, “Gramener will help enhance the visual look both on-air and on Republic’s digital platforms to present the data in...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/12/nakul1.jpg?itok=n95iPoI2
Nakul Chopra is new BARC chairman

MUMBAI: Nakul Chopra, currently president of Advertising Agencies Association of India (AAAI) and senior advisor of Publicis Communications, has been elected as the next chairman of BARC India. Chopra succeeds Viacom18 group CEO Sudhanshu Vats, who has completed his one-year tenure as chairman.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/12/nitin.jpg?itok=w3KFq-K3
Nitin Kukreja joins iQuest

Former Star India sports head Nitin Kukreja has joined iQuest Enterprises as its chief executive officer. Kukreja had left Star in March this year. IQuest is an enterprise of Nimmagadda Prasad, the former owner of the Maa TV group, who has multiple business interests ranging from infrastructure to...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/12/sun.jpg?itok=qmg25IGp
Sun TV's unassailable lead continues, while Zee TV leads Hindi across genre

BENGALURU: The Sun network's flagship Tamil general entertainment channel (GEC) Sun TV continued its lead in ratings across all GECs on Indian television for week 48 of 2017 (25 November to 1 December 2017) according to Broadcast Audience Research Council (BARC) weekly ratings data

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/11/vikas.jpg?itok=zxlytGcp
Republic TV, BTVI join hands for budget coverage

MUMBAI: Republic TV, spearheaded by Arnab Goswami, and Business Television India (BTVI) have entered into an alliance for content and programming around Union Budget 2018. The Republic TV- BTVI alliance promises to offer viewers a distinctive experience.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/11/nba_0.jpg?itok=C2zPkp_A
Mairu Gupta and the art of building the NBA in India

MUMBAI: For basketball fans worldwide, the US National Basketball Association (NBA) represents the mecca of the sport. But in India, the NBA has had its task cut out, what with cricket presenting a near impenetrable line of defence.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/09/cnn-news18-year.jpg?itok=rbLMcF5z
CNN-News18 'Indian of the year' 2017 special Telecast on 9 and 10 December

MUMBAI: The awards night of the annual and flagship initiative of CNN-News18, ‘Indian of the Year – 2017’ will be telecasted on the 9 and 10 of December at 9:30 PM on the channel. The initiative, whichrecognizes and awards the exceptional contribution and achievements of the iconic Indian citizens...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/09/rodies.jpg?itok=2krWNvsY
Music channels bet on shows to boost viewership

MUMBAI: Seems like music channels are playing second fiddle to online music platforms when it comes to playing tracks. In an attempt to grab more eyeballs, pure-play music channels on television are moving away from the music content and focusing more on the youth-centric shows.

Television TV Channels Music and Youth

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories