Sony posted its first annual profit in five years, it was announced on Wednesday, helped in part by the massive success of Skyfall.
Profits were pegged at $458 million for the year ending March 31st compared with a loss of $5.7 billion the previous year. The turnaround in Sony’s fortunes have come about from the disposal of assets, including its Manhattan HQ and a weaker yen, but both Skyfall and the latest Spider-Man movie helped boost revenues.
Source: Hollywood Reporter
