Sony Pictures Entertainment Inc. (shortened to SPE and often referred to as Sony Pictures) is an American entertainment company that produces, acquires and distributes filmed entertainment (theatrical motion pictures, television programs and recorded videos) through multiple platforms. It is operated as a subsidiary of Sony Entertainment Inc., which is the parent company for both the music and motion picture businesses of Sony Corporation. Based in Culver City, California, it encompasses Sonys motion picture, television production and distribution units. Its group sales in the fiscal year 2015 (April 2015-March 2016) has been reported to be of $8.3 billion. Sony Pictures' film franchises include Spider-Man, Men in Black, Underworld, and Resident Evil.