Sony Pictures has posted a loss of $719 million for the previous year, with struggling box office figures the most likely culprit.
According to Deadline, Sony Pictures is $719 million in the red, a development caused mainly by underperformance at the box office.
Sony had better luck with smaller-budgeted works like the animated hit Sausage Party, which made $136.4 million, but that clearly wasn’t enough to save face.
Not every movie can be a Minions or Rogue One: A Star Wars Story, a fact that the people at Sony know all too well.