The massive negative publicity heaped upon Sony Pictures Entertainment in the wake of the devastating computer hack has renewed long-simmering questions about whether its Japanese parent company will sell the unit. A year ago, analysts were speculating that Sony Pictures was worth about $10 billion, which would amount to 44 percent of the entire market capitalization of parent Sony Corp., based on the closing price of shares Friday on the New York Stock Exchange. For several months this year, Sony was under pressure from activist investor Daniel Loeb to offload all or part of the Los Angeles-based film and TV
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- 12/21/2014
- by Paul Bond
- The Hollywood Reporter - Movie News
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