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Sony
Sony's profit in the last quarter surged 11 per cent on healthy global sales, prompting the Japanese entertainment and electronics company to raise its full year profit forecast. Tokyo-based Sony Group Corp. said Thursday that it recorded an October-December net profit of 377.3 billion yen (USD 2.4 billion), up from 341 billion yen the year before. Quarterly sales rose 1 per cent to 3.71 trillion yen (USD 23.6 billion). Sony, which makes PlayStation game consoles, "Spider-Man" movies, Walkman players and Bravia TVs, raised its profit forecast for the full fiscal year through March 2026 to 1.13 trillion yen (USD 7.2 billion). That would mark a nearly 6 per cent rise from the previous fiscal year, a tad better than Sony's earlier projection of 1.05 trillion yen (USD 6.7 billion). The company's quarterly operating profit improved across almost all of its sprawling businesses, including imaging sensors, games and music. Sony's musical artists include Beyonce, SZA and Pharrell Williams.
The Supreme Court on Wednesday sought response of Ilaiyaraaja Music N Management Pvt Ltd (IMMA) on a plea of Sony Entertainment seeking to transfer to the Bombay High Court a fresh copyright dispute instituted by the music composer's firm in the Madras High Court. A bench comprising Chief Justice B R Gavai and Justice K Vinod Chandran took note of the submissions of senior advocate Abhishek Singhvi, appearing for Sony Entertainment, that a fresh lawsuit has been instituted by the IMMA in the Madras High Court after the top court dismissed a similar case. On July 28, the bench headed by the CJI had dismissed a plea of legendary music composer Ilaiyaraaja seeking to transfer a copyright dispute involving over 500 of his musical compositions from the Bombay High Court to the Madras High Court. Singhvi said, He is a music composer and I purchased the rights of his music. Now a fresh lawsuit has been filed in the Madras High Court. Singhvi argued that the ongoing dispute pertains to rig