Sony Warns It Will Take $1 Billion Writedown, Blames Slowing DVD Sales (reuters.com)

Sony has warned investors that it will take roughly $978m writedown on its film business, blaming a goodwill impairment charge that dates back to an acquisition of a Hollywood studio almost three decades ago. From a report on Reuters: The impairment charge came as Sony cut its outlook for profits from DVD, blu-ray discs and other home entertainment operations in line with a broader market decline, the company said in statement on Monday. Sony has been working to revive its movie business. In November, the Japanese conglomerate's chief financial officer, Kenichiro Yoshida, said a turnaround was "progressing, but it takes time for the benefit to be realized."

Comments

Editorial

[MAXOMENOS]

<div class="pedantic">"DVD Sales" is plural. The proper conjugation for the verb is "Decline."</div>

Re:We dodged that bullet

[fahrbot-bot]

Let's ban the internet and lobby congress for more DRM.

And that would have worked under Hillary with her cozy Hollywood relationships.

Under Trump, Hollywood can go pound sand.

One fun thing Trump could do to get back at the screeching entertainment industry going after him; halve the current copyright expiration period.

Not to worry, Trump will ban the Muslim Internet. :-)