Dec. 24, 2014, 11:14 AM
- Sony (NYSE:SNE) plans to stream The Interview on its own site and make it available for rental through Google's (NASDAQ:GOOG) YouTube and Google Play, sources tell Re/code.
- Online distribution is expected to start tomorrow.
- Previously: Online launch of The Interview to be closely watched
Dec. 24, 2014, 8:38 AM
- Samsung Electronics (OTC:SSNLF) strikes a deal with Sony (NYSE:SNE) to bring PlayStation Now to certain Smart TV models next year.
- The partnership is part of Sony's strategy to open up the PlayStation system to non-Sony devices.
- PS Now will be accessible through an app on the Samsung Smart Hut interface.
- The companies plan to give a sneak peek at the innovation at CES in January.
Dec. 24, 2014, 8:10 AM
- Media analysts expect an announcement shortly from Sony Pictures (NYSE:SNE) on how it plans to distribute The Interview online.
- The options for the movie studio are plentiful - including using a powerhouse tech outlet such as Google (via Google Play or YouTube), Apple, or Netflix.
- Sony-owned Crackle is also an option as is a deal with a pay-TV operator.
- What to watch: A successful online launch of the film could have some wider implications for movie studios (LGF, VIAB, VIA, TWX, DIS, FOXA) and theater chains (RGC, CKEC, AMC, CNK) with the industry's mainstream distribution model showing some signs of cracking.
Dec. 23, 2014, 4:35 PM
Dec. 23, 2014, 12:11 PM
- Several independent movie theater complexes have announced that Sony Pictures (NYSE:SNE) will make The Interview available for Christmas Day screenings.
- There has been no confirmation from the movie studio.
- Some reports last week indicated that insurance coverage was a factor in the decision by Sony on pulling the movie entirely. Under that assumption, any partial screenings of the film disproportionately drops the amount of coverage Sony would have for a loss due to the hacking incident.
Dec. 21, 2014, 7:42 AM
- North Korea has called U.S. accusations that it was involved in a cyber attack on Sony Pictures (NYSE:SNE) "groundless slander."
- North Korea's foreign ministry announced that it wanted a joint investigation with the U.S. into the incident and warned that there would be serious consequences if the White House refused.
- The Obama administration has begun consultations with many Asia-Pacific countries to rein in North Korea, specifically seeking help from China, as virtually all of North Korea's telecommunications run through Chinese-operated networks.
Dec. 19, 2014, 11:04 AM
- The DOJ and FBI will announce today the North Korean government was responsible for the Sony (SNE -2.8%) hack that (among many other things) led The Interview's release to be cancelled. An announcement is expected by 1:30PM ET.
- Reuters reports hearing from an official that "there may be a Chinese link either through collaboration with Chinese actors or by using Chinese servers to mask the origination of the hack."
- Threat-prevention hardware/software/services provider FireEye (FEYE +4.9%), hired to probe the hack and help restore Sony's systems, is adding to yesterday's gains.
Dec. 19, 2014, 3:47 AM
- Despite early reports from U.S. intelligence officials, White House spokesman Josh Earnest said he was not in a position to say that North Korea was responsible for the cyber attack on Sony Pictures (NYSE:SNE), but the hack was "a serious national security matter" and the investigation was "progressing."
- The Obama administration is now considering a proportional response to the attack.
- It was reported yesterday that the hacking incident could cost Sony at least $200M.
Dec. 18, 2014, 8:01 AM
- The hacking incident at Sony (NYSE:SNE) could cost the company at least $200M, according to some early estimates.
- The laundry list of expenses include new software and hardware, investigative costs, legal fees, and lost productivity across the company. The $80M production budget for The Interview also appears to be a washout with the company canceling all screenings and putting VOD plans on hold.
- There's also the potential that future Sony movies will perform poorly at the box office after being released early by the hackers.
- Insurance could cover part of the Sony losses, although not without a battle.
- Previously: Legal quicksand for Sony after breach (Dec. 10 2014)
- SNE +3.0% premarket to $21.00 to take back some ground over the last week.
Dec. 17, 2014, 5:06 PM
- After five major movie theater chains abandoned plans to show The Interview in response to threats and Sony's (NYSE:SNE) high-profile hacking event, Sony has cancelled plans to release the movie on Christmas.
- Sony rose 3.4% in regular trading amid a market rally. Shares are up fractionally AH.
- Previous: Straight to VOD for The Interview?
- Update: The NYT reports U.S. intelligence officials have concluded the North Korean government was "centrally involved" in the Sony hacking event.
Dec. 17, 2014, 3:45 PM
- Movie theater stocks move higher on above-average volume.
- The rally is helping to make up for a broad decline yesterday tied to threats from the Sony hackers over U.S. screenings of The Interview.
- Though the four major U.S. theater chains and Canadian firm Cineplex (OTC:CPXGF) have all dropped plans to show the movie due to security concerns, there's a buzz among media analysts that a pay-TV operator could strike a VOD deal to rescue Sony Pictures (NYSE:SNE).
- Gainers: Carmike Cinemas (NASDAQ:CKEC) +3.3%, Cinemark Holdings (NYSE:CNK) +2.6%, Regal Entertainment (NYSE:RGC) +1.9%, AMC Entertainment (NYSE:AMC) +4.4%, Marcus Corp. (NYSE:MCS) +1.3%.
Dec. 17, 2014, 3:23 AM
- Newly leaked emails reveal that Lions Gate (NYSE:LGF) execs tried to meet with Sony (NYSE:SNE) CEO Kazuo Hirai last summer to discuss a possible merger or acquisition.
- Hirai eventually declined a meeting although he expressed interest in possible cooperation on operational matters, Reuters reports.
- Meanwhile, Sony is facing an ugly dilemma of whether to cave into hacker demands and pull The Interview from theaters, or to forge ahead, risking possible violence and potential legal liability. It has told theaters they can decide.
Dec. 16, 2014, 6:57 PM
- A disturbing turn in the Sony Pictures (NYSE:SNE) hacking case developed when the hackers involved warned through Internet posts of attacks on movie theaters that feature The Interview.
- The movie is scheduled to debut on December 25.
- "All the world will denounce the SONY," reads the threat.
- Movie theater stocks were lower on the day: Carmike Cinemas (NASDAQ:CKEC) -2.1%, AMC Entertainment (NYSE:AMC) -2.9%, Regal Entertainment (NYSE:RGC) -0.7%, Cinemark Holdings (NYSE:CNK) -2.6%.
- Sony hacking case timeline
Dec. 16, 2014, 5:01 AM
- Tencent (OTCPK:TCEHY) has struck the latest in a string of music distribution deals, this time with Sony Music Entertainment (NYSE:SNE), as it teams up with labels to try to develop China's paid-for music market.
- In November, the company signed a similar music distribution partnership with Warner Music Group.
- Tencent is also investing heavily in content for its online video site, with a China streaming deal with U.S. network HBO and video subscription service through Disney.
Dec. 14, 2014, 7:59 AM
- Sony Pictures (NYSE:SNE) has cancelled the production of several films due to the cyber attack which has left it unable to process payments, The Times of London reports.
- Yesterday, hackers released a seventh cache of files leaked from the studio, along with a promise of a "Christmas gift" that would "put Sony Pictures into the worst state."
- The cyber attack has so far revealed four films, countless email threads and salary details of Hollywood stars.
Dec. 12, 2014, 9:54 AM
- A blog post from computer security firm F-Secure may send a chill through the C-suites of major corporations across the globe.
- F-Secure calls the Sony Pictures (NYSE:SNE) hacking incident the worst ever seen by a company, but that's not even the scary part.
- The take from F-Secure is that it's sophisticated extortionists behind the incident - not ticked off North Korea sympathizers.
- The public execution of Sony Pictures could just be a warning aimed at future targets, theorizes F-Secure.
- The FBI has issued a flash alert which warns that other company might already have the malware in their systems.
- Related: Senate passes cybersecurity bill
- Cybersecurity plays: FEYE, CYBR, PFPT, QLYS, IMPV, PANW.
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Sony Corp is engaged in the development, design, manufacture, and sale of various kinds of electronic equipment, instruments, and devices for consumer, professional and industrial markets as well as game consoles and software.
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