Market Chatter: Sony Group Expands Japanese Film Business Amid Hollywood Slump

MT Newswires Live

09/03

Sony Group (TYO:6758) is banking on Japanese movie production as Hollywood faces a downturn in sequel performance, Nikkei Asia reported on Wednesday, citing a company official.

The group's film production unit, Sony Pictures Entertainment Japan (SPEJ), is set to produce and distribute a record eight domestic films in 2025, the report said, citing Daisuke Kadoya, head of SPEJ's international productions.

"We're selecting projects with enough entertainment value to target at least 1 billion yen in box office revenue," Kadoya reportedly said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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