Sony 2001 Annual Report Download - page 41

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Sony Corporation Annual Report 2001
39
MOTION PICTURE & HOME ENTERTAINMENT HIGHLIGHTS
In Motion Pictures, a challenging first half of the year was followed by a strong second half, partly because
of our competitive advantage in Hollywood’s changing approach to filmmaking – the globalization of film
production and distribution.
We introduced a global distribution strategy to accelerate box office revenues, which helped propel SPE
to a record $1.073 billion in international box office revenues for calendar year 2000.
SPE expanded its film production presence internationally, with successful local-language operations in
Germany and Asia.
Crouching Tiger, Hidden Dragon
– co-financed by our Hong Kong-based Columbia
Pictures Film Production Asia and distributed in North America by Sony Pictures Classics – became the
highest-grossing foreign language film ever in North America, topping $120 million and winning four of the
studio’s total of seven Academy Awards®.
Columbia Pictures positioned itself strategically for the future, developing films for upcoming release
including
Ali, Spider-Man, Stuart Little II,
and
Men in Black II.
Our Home Entertainment division strengthened its leadership position in the expanding world of DVD,
launching 300 titles and shipping more than 39 million units worldwide.
JOHN CALLEY
Chairman and Chief Executive Officer
Sony Pictures Entertainment Inc.