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.
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