Jan 30, 2017

Technology News: Sony takes $976 million charge on movie segment as DVD market shrinks | Daily Hi Tech News

Sony Corp said it booked an impairment charge of 112.1 billion yen ($976 million) on the goodwill value of its movie segment in the quarter ended December, as online streaming services sapped demand for movie DVDs. 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...

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