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January 30, 2017 08:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/DZYMA6Udnbg/sony-warns-it-will-take-1-billion-writedown-blames-slowing-dvd-sales
Sony Warns It Will Take $1 Billion Writedown, Blames Slowing DVD Sales
Sony has warned investors that it will take roughly $978m writedown on its film business, blaming a goodwill impairment charge that dates back to an acquisition of a Hollywood studio almost three decades ago. From a report on Reuters: The impairment charge came as Sony cut its outlook for profits from DVD, blu-ray discs and other home entertainment operations in line with a broader market decline, the company said in statement on Monday. Sony has been working to revive its movie business. In November, the Japanese conglomerate's chief financial officer, Kenichiro Yoshida, said a turnaround was "progressing, but it takes time for the benefit to be realized."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/DZYMA6Udnbg/sony-warns-it-will-take-1-billion-writedown-blames-slowing-dvd-sales
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