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Zee and Sony had struck an agreement in December 2021 to merge their media businesses in India under which Sony would hold a majority stake in the merged entity with the Zee promoter family holding around 4 per cent with an option to increase their stake to 20 per cent
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TOKYO (Feb 3): Japanese electronics and media giant Sony Corp on Wednesday hiked its full-year profit outlook by a third as it taps surging demand for video games, music, and movies as people feast on home entertainment amid Covid-19 lockdowns. Sony now expects ¥940 billion (US$8.95 billion) in operating profit in the 12 months through March compared with the ¥700 billion it previously expected. That prediction is well above an average ¥812.9 billion profit forecast from 18 analysts, Refinitiv data shows. Third-quarter operating profit for the October-December quarter jumped 20% to ¥359.2...
Sony's Q3 operating profits rise 20% to $3.42 billion Operating profit for the October-December quarter jumped to 359.2 billion yen ($3.42 billion), from 300 billion yen in the same period a year ago Reuters | February 3, 2021 | Updated 14:43 IST Japanese electronics and media giant Sony Corp on Wednesday posted a better-than-expected 20% rise in third-quarter profit and hiked its full-year outlook on strong demand for video games, movies and other entertainment content. Operating profit for the October-December quarter jumped to 359.2 billion yen ($3.42 billion), from 300 billion yen in th...
* Now sees FY operating profit of nearly $9 bln * Q3 profit up 20%; demand for games, music, streamed movies * Boost from new Playstation 5 games console TOKYO, Feb 3 (Reuters) - Japanese electronics and media giant Sony Corp raised its full-year profit outlook by one-third and said it was struggling to keep up with pandemic-fuelled demand for the new PlayStation 5 amid a global shortage of semiconductors. Sony, which launched the PS5 in core markets in November, said on Wednesday it expected to sell more than 7.6 million consoles by end-March. PS5, which sells for as much as $500, quickly so...