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Sony has written down $977 million in its movie business, blaming a decline in physical media sales:
In a Monday statement to investors, the company attributed the "downward revision... to a lowering of previous expectations regarding the home entertainment business, mainly driven by an acceleration of market decline." [...] "The decline in the DVD and Blu-ray market was faster than we anticipated," Takashi Iida, a Sony spokesman, told Bloomberg News.
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Sony Writes Down $977 Million in its Movie Business, Blames DVD and Blu-Ray Decline
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HELP! Man trapped in a human body!
(Score: 2) by takyon on Wednesday February 01 2017, @04:04PM
Just about every big movie now makes more money overseas (total of every country but USA) than in America alone. With China being a big portion of that, IF the film gets past the censors, possibly makes some changes for that market, and is one of a limited number of Western films allowed in theaters each year.
http://www.hollywoodreporter.com/news/china-advances-film-industry-law-924201 [hollywoodreporter.com]
http://chinafilminsider.com/china-abandons-quota-hollywood-films-amid-box-office-slowdown/ [chinafilminsider.com]
The quota was 34 a year, but it looks like that will increase.
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]