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Sony’s profits drop as it warns of the impact from US movie strikes

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( ) -q-21- UNDATED (Correspondent Jeremy House) “and imaging solutions.”

Sony’s profits between April and June slipped 17%, as worries grew about revenue damage from a strike in the movie sector.

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TAG: Correspondent Jeremy House reporting. Sony’s revenue in movies will suffer because of the strikes by the Writers Guild of America and the Screen Actors Guild, or SAG-AFTRA. Release dates of movies and deliveries of TV series are being delayed.

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VERBATIM: The Japanese electronics and entertainment company says its fiscal profit in the first quarter totaled $1.5 billion, down from more than 1.8-billion dollars a year ago. Quarterly sales are up 33%. Sales grew in games and network services, the music business, financial services and imaging solutions.

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