Sony Entertainment CEO Michael Lynton, Sony Pictures TV topper Steve Mosko and other execs emphasized that the studio is focused on growing its operations in high-margin TV sectors, notably growth of its international TV networks biz.
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Those international channels have been big profit drivers for 21st Century Fox, Discovery Communications and other congloms. Sony generally is seen as ranking No. 3 to Fox and Discovery in its international footprint, and execs made it clear that investment in that area will grow in the coming years, even if it takes four to five years to generate significant profits from startup channels.
“We have created a global portfolio of network brands,” Mosko told the crowd of investors who gathered on the lot Thursday morning.