Monday, December 22, 2014

Sony’s Costs From ‘The Interview’ Likely Near $200 Million


Sony Pictures' decision to let Seth Rogen make a comedy about a plot to kill a head of state will potentially cost the studio hundreds of millions of dollars after a devastating cyber-attack linked to North Korea.

Stolen Films

Macquarie Research said this month that Tokyo-based Sony may be forced to write off 10 billion yen ($82 million) in film assets after five movies, including "Annie," set for release this week, and "Fury" were stolen and released by hackers.

In addition, former employees have filed two lawsuits claiming the entertainment unit of Tokyo-based Sony didn't do enough to secure personal data.

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