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Saturday, November 23, 2013

Sony Increases Interest in Television

     Culver City - Sony recently reported numbers for its entertainment division, boosting its stock by 0.6 percent to $18.64 per share on the New York Stock Exchange.  Sony reported a sizeable operating  loss the previous quarter, ending September 30.  Sony had a mixed year at the box office, with hits like "Grown Ups 2" and "Cloudy With a Chance of Meatballs 2."  Sony also had flops like "White House Down".     Studio chief Amy Pascal said the studio will reduce the number of films it makes, as it makes a shift from motion pictures to higer margin television production and to operating TV channels.  www.sony.com.  

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