Sony takes $1b charge on movie business

Sony has taken a hefty writedown on the value of its movie business as the unit suffers from falling DVD and home entertainment sales, reports BBC It has taken a 112bn yen ($1bn; £780m) charge, citing "an acceleration of market decline".
The rise of online streaming services has hit demand for traditional media such as DVDs and blue-ray discs.
Sony's movie division has also struggled, with recent flops including an all-female Ghostbusters sequel.

Sony takes $1b charge on movie business

Sony has taken a hefty writedown on the value of its movie business as the unit suffers from falling DVD and home entertainment sales, reports BBCIt has taken a 112bn yen ($1bn; 780m) charge, citing an acceleration of market decline. The rise of online streaming services has hit demand for traditional media such as DVDs and blue-ray discs. Sonys movie division has also struggled, with recent flops including an all-female Ghostbusters sequel.