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Sony realizes DVD sales are down, writes off $1B

Sony realizes DVD sales are down, writes off $1B

Sony continues to struggle in Hollywood: the Japanese company is going to take a financial write-down of nearly $1billion dollars in its movie business, partly because online streaming services are hurting demand for movie DVDs. Sony's recent disappointments include last year’s Ghostbusters sequel and a movie based on the Angry Birds video game.

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