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.
(Score: 0) by Anonymous Coward on Thursday February 02 2017, @07:21AM
But if you're supposedly doing it for profit and you're losing money then you're clearly doing things wrong.
If you're in a Democracy remember the votes of stupid people are often worth as much or even more than yours. So unless you're actually amongst the ruling elites and looking down on the stupid people from your palaces and jets, you shouldn't look down on stupid people ;).