Rumor: Sony Considering the Sale of Movie and TV Divisions #movienews

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2016 was a rough year for a lot of people, but for Sony Pictures, it was especially dreadful. The company’s only high-profile successes were The Angry Birds Movie ($350 million worldwide) and Mei Ren Yu, a.ka. The Mermaid (which did $554 million worldwide, but only $3 million domestically). Ghostbusters and The Magnificent Seven failed to validate their inflated budgets and Passengers didn’t fare much better. While smaller projects like The Shallows and Sausage Party managed to turn a profit, it wasn’t enough to prevent the company from treading water at best. The last few years have seen Sony’s market share dwindle, with little on the horizon (other than the Marvel ...

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