Flops, Feet Led LStar To Leave $200 Million Sony Pictures Deal

Wochit Headline News - Tuesday, 18 July 2017
Texas private equity fund LStar was to have invested $200 million in Sony Pictures. But now, the deal is dead. According to SFGate, it was killed by a string of flops, and a Sony boss who put his feet on the desk of a Lone Star's president. The deal was made in 2014, but when Sony execs Amy Pascal and Michael Lynton left, the arrangement soured. Movies that tanked included the $144m 'Ghostbusters,' 'Life,' 'The Brothers Grimsby,' "Passengers,' and 'Concussion.' Ouch.

Recent related news

Advertisement
In August last year, ZEEL had announced it would sell its sports channel Ten Sports to Sony Pictures Networks for USD 385 million in an all cash deal.
3 days ago • Zee News
CULVER CITY, Calif., Sept. 20, 2017 : The coveted role of Lisbeth Salander has been set: Sony Pictures Entertainment has confirmed that the studio has tapped...
1 day ago • newKerala.com
The very grocery store industry that meal-kit delivery startup Blue Apron sought to disrupt is wielding M&A to give its upstart rival a run for its money. The...
6 hours ago • bizjournals
An aerospace and defense technologies company is embarking on a $5 million expansion project at its Beavercreek facility. Orbital ATK confirmed Tuesday it will...
2 days ago • bizjournals
Advertisement

You might like