Sony’s profit surges on healthy film, game, music growth

TOKYO » Sony’s fiscal fourth quarter surged 67% to $852.7 million from the previous year, as the Japanese entertainment and electronics company racked up profits in video game and movie divisions.

Tokyo-based Sony Corp.’s January-march quarterly sales edged up 1% to $17 billion, as its music operations also did well, boosted by the popularity of streaming services, the company said Tuesday.

For the full fiscal year ended in March, Sony racked up a profit of $6.8 billion, down 14% despite the success of “Spider-man: No Way Home,” which contributed to theatrical revenue. Sales in its TV division also grew from the licensing income of “Seinfeld” and other titles, Sony said.