Sony Pictures Breaks Ties With Finance Partner

Wochit Headline News - Monday, 17 July 2017
According to a report, Sony Pictures Entertainment has split from key financing partner, LStar Capital after striking a deal back in 2014 for $200 million. The pact between the two companies, which was supposed to go in 2019, fell apart after Sony suffered multiple recent losses at the box office. In a statement, Sony said this week of the news, "The decision to part ways was mutual, and won’t impact the studio’s plans or our strong slate of upcoming films moving forward."

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