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Sony Pictures rides 'Spider-Man' to strong fiscal first quarter
Sony Pictures rides 'Spider-Man' to strong fiscal first quarter

Sony Pictures Entertainment rode the box office performance of "The Amazing Spider-Man 2" and "22 Jump Street" to a profitable fiscal first quarter. For the three months ending June 30, Sony Pictures posted operating income of $78 million, up 109% from a year earlier. Revenue increased 23% to $1.93 billion. Tokyo-based consumer electronics giant Sony Corp., the parent company of the film and television studio, recorded net income of $265 million, up more than 750% from the same period a year earlier, when it eked out a small profit. Revenue was up 6% to $17.9 billion. Sony's Culver City studio has been trimming overhead after announcing a cost-cutting...

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