Huge Sales For “MIB 3”
Sony (NYSE: SNE) will benefit from the extraordinary launch of Men In Black’s third installment–MIB3. Worldwide sales for the Memorial Day weekend were $203 million. Estimates of the cost of the film have been over $250 million. The movie should…
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The architect of that set of disasters, Sir Howard Stringer, has finally given up as CEO. A lift in studio profits will have to be followed by turnarounds at its game console, PC, cellphone, and TV divisions, which will require extraordinary management land luck. In the meantime, Sony can brag that it has one success even if that success has nothing to do with its core businesses.
Douglas A. McIntyre
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