Sony Pictures Breaks Ties With Finance Partner
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.".