Sony 2002 Annual Report Download - page 29

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27
Sony World
Sony Pictures Entertainment Overview
Sony Pictures Entertainment’s (SPE) motion picture business achieved
strong performance during the fiscal year. A Knight’s Tale, America’s
Sweethearts, and Black Hawk Down were among the successful
motion picture releases during the year. Home entertainment posted
record revenues of more than 2 billion U.S. dollars by leveraging our
film library, including recent releases Charlie’s Angels, Vertical Limit,
and Crouching Tiger, Hidden Dragon, and capitalizing on the
exploding DVD market.
We are well-positioned for the future with one of our strongest
film slates ever. Our targeted-audience film production and franchise
product strategy should spur significant sales and income growth.
The franchise-building strategy, led by the record-breaking debut of
Spider-Man, will continue with other summer-season 2002 releases
like Men In Black II and Stuart Little 2, followed in upcoming years
by sequels to Charlie’s Angels, Bad Boys and Spider-Man. Various
film suppliers, including Columbia Pictures, Screen Gems, Sony
Pictures Classics and Revolution Studios, create a balanced film slate
that limits reliance on any one film source, and reduces the volatility
of overall results.
In preparation for the broadband future, we have accelerated the
digitization of SPE’s vast library of film assets, ensuring Sony’s
leadership position in digital delivery. In addition, we partnered with
other studios in Movielink, a service launching in late 2002 to
distribute films over the Internet and in a venture to promote
development and deployment of digital cinema technology.
http://www.sonypictures.com/start.html
America’s Sweethearts
A Knight’s Tale
Vertical Limit
Crouching Tiger, Hidden Dragon