Media Play News reports: “It pays to be an arms dealer. Sony Pictures Entertainment (SPE) saw its operating income skyrocket 77% to $129 million in the first quarter of its fiscal year, which ended June 30, on a 4% spike in studio revenue, to $2.3 billion. The catalyst: A 39% increase in revenue from SPE’s television production business, to $841 million from $607 million in the previous-year period, due largely to deliveries of series to streamers.”
