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Sony Writes Off $1bn As DVDs Decline And Cinema Flops Hit Hard
- BBC, Tuesday, January 31, 2017 9:06 AM
Sony has a 112bn yen ($1bn; £780m) charge, citing "an acceleration of market decline". The rise of online streaming services has hit demand for traditional media such as DVDs and blu-ray discs. Sony's movie division has also struggled, with recent flops including an all-female Ghostbusters sequel. Sony had warned earlier this year its movie division could post more losses.
