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Sony Writes Down $977 Million in its Movie Business, Blames DVD and Blu-Ray Decline

posted by martyb on Wednesday February 01 2017, @11:48AM   Printer-friendly
from the who-buys-discs-these-days? dept.

takyon writes:

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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  • (Score: 1) by marknmel on Wednesday February 01 2017, @08:33PM

    by marknmel (1243) on Wednesday February 01 2017, @08:33PM (#461775) Homepage

    I didn't say anything about Nintendo or Microsoft either. I didn't mention Apple either.... I hate them all too.

    The fact that you are so sensitive about it, likely means you are guilty of supporting those bastards that have taken our money and gave us rootkits and DRM.

    For what? Expecting games to "just work"?! Ha! Just another kid drinking the Sony kool-aid.

    Millennials are so sensitive....
     

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