Sony at a Loss Without 'Spider-Man,' 'Men in Black' (

By:Joe Hendren
Date: Wednesday, January 28, 2004

Sony today (Wednesday) blamed a huge fall-off in revenue from its film division for being partly responsible for a 20-percent plunge in quarterly operating profit in the last yarter. Sony said its operating profit fell to $1.5 billion, down from $1.89 billion in the comparable quarter a year ago. Sony was also unable to turn out a film that was the equal of Spider-Man and Men in Black 2 at the box office. Sony also cited a slowdown in sales of its PlayStation 2 game consoles, although it reported improvement in sales of DVD recorders and flat-panel TV sets.

Series: Spider-Man, Men In Black II, Spider-Man Animated Show, Spider-Man 2, Men In Black III