Sony Pictures: We're Profitable, You're Fired
A few days after Sony Pictures announced it would lay off 450 staffers, the company was revealed to have a $153 million operating profit in 2009. That's a 9 percent jump over 2008's profit, aided largely by international grosses for This is It and 2012 and superb home-video showings for Angels and Demons and Terminator Salvation. Perhaps fittingly, then, the bulk of Sony layoffs will reportedly come from... the home-entertainment division. Cold. [Variety]
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This must come to mean that the Wweinstein Company is flourishing.
So, the company that invented "The Walkman" is now master of "The Walking Paper"....