People are seen crossing the street as advertisement billboard screens from Marvel comics character Spider-Man "No Way Home movie, co-produced by Columbia Pictures and distributed by distributed by Sony Pictures, are being displayed above them in Hong Kong.
Budrul Chukrut—SOPA/Getty Images
March 30, 2022 6:21 AM EDT

If there was ever any doubt that Sony is a global entertainment behemoth, the past few months have erased it. Spider-Man: No Way Home, a joint Sony Pictures–Disney mash-up that came out in December, featuring three different Spider-Men from three different universes, grossed $1.9 billion worldwide and had the second biggest U.S. opening weekend ever. Meanwhile, supply-chain issues mean the company’s gaming wing can’t make enough PlayStation 5 consoles to meet the huge global demand, but analysts still expect sales to handily outstrip those of chief rival Xbox this year.

A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders. Join the Leadership Brief

More Must-Read Stories From TIME

Write to Eliana Dockterman at eliana.dockterman@time.com.

EDIT POST