Comment by shermantanktop

These are two businesses, both under the Sony name: content production and content distribution. Very likely they are two different divisions with different P&Ls.

Every “streaming service” is a distributor. Some of them are also content producers.

Content production is also a bizarre mini world of VC-type funding and shell/temporary production corporations. Some companies lean heavily into that, some do a more traditional in-house studio model, some do both.