Sony CEO Sees No Major Financial Impact From Cyber-Attack

Advertisement
By Reuters | Updated: 7 January 2015 09:31 IST
Sony Corp Chief Executive Kazuo Hirai on Tuesday said he does not expect the November cyber-attack on the company's film studio to have a significant financial impact, two weeks after the studio rolled out the movie at the heart of the attack.

The studio, Sony Pictures Entertainment, said separately that the film, "The Interview," has generated revenue of $36 million.

Hirai told reporters at the Consumer Electronics Show (CES) in Las Vegas that he had signed off on all major decisions by the company in response to the attack, which the U.S. government has blamed on North Korea.

Advertisement

Sony's network was crippled by hackers as the company prepared to release "The Interview," a comedy about a fictional plot to assassinate North Korean leader Kim Jong Un. The attack was followed by online leaks of unreleased movies and emails that caused embarrassment to executives.

"We are still reviewing the effects of the cyber-attack," Hirai told reporters. "However, I do not see it as something that will cause a material upheaval on Sony Pictures business operations, basically, in terms of results for the current fiscal year."

Advertisement

Sony Pictures said "The Interview," which cost $44 million (roughly Rs. 279 crores) to make, has brought in $31 million (roughly Rs. 196 crores) in online, cable and satellite sales and was downloaded 4.3 million times between December 24 and January 4.

It has earned another $5 million (roughly Rs. 31 crores) at 580 independent theaters showing the movie in North America.

Advertisement

Sony's unprecedented simultaneous release in cinemas and online came together after it canceled the planned Christmas Day wide release of "The Interview" because major movie theater chains refused to screen it following threats of violence from hackers opposed to the film. That decision drew pointed criticism, including from President Barack Obama, that Sony had caved to hackers.

Within a week, the studio struck deals with small movie theaters that said they were keen to defend free expression and with technology giants like Google Inc for a simultaneous online release on sites like YouTube Movies. Apple's iStore came aboard a few days later, as did major pay TV providers.

Advertisement

It is still unclear if Sony Pictures will recoup the costs of the film, starring Seth Rogen and James Franco, including an estimated $30 million to $40 million marketing bill.

On Monday, Hirai praised employees and partners of the Hollywood movie studio for standing up to "extortionist efforts" of hackers, his first public comments on the attack launched on November 21.

Sony Pictures may need several more weeks to rebuild its computer network after what has been deemed as the most destructive cyber-attack on a company on U.S. soil. North Korea has denied it is behind the attack.

© Thomson Reuters 2015

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. Mafia: The Old Country's Man of Honor Expansion Gets Gameplay Reveal
  2. Realme 16x 5G India Launch Roundup: Here's Everything We Know So Far
  3. Amazon Great Freedom Sale 2026: Best Smartphone Deals Under Rs. 20,000
  4. Poco M8 Power vs OnePlus Nord CE 6 Lite vs Moto G77 Power: Price, Features Compared
  5. Here's When the iQOO Z11 Will Launch in India: See Expected Specs
  6. ColorOS 17 Based on Android 17 to Skip These OnePlus Smartphones
  7. Lenovo Legion Y700 AI Design Revealed Ahead of China Launch
  8. Redmi K100 Pro Battery, Camera, Charging Specs Confirmed Ahead of Launch
  9. Amazon Great Freedom Sale: This Is the OnePlus 15 Deal You Can't Miss
  10. Amazon Great Freedom Sale Deal Slashes iQOO 15 Price to Rs. 68,999
  1. Native by Urban Company M3 Series Water Purifiers Launched in India With Long-Life Filters, Smart Monitoring
  2. Mafia: The Old Country's Man of Honor Expansion Gets First Look at Gameplay Ahead of Launch
  3. Binance Takes RedotPay to Court Over Claimed $473 Million Losses
  4. Huawei MateBook Pro S Launched With Kirin XE90 Chipset, 14.2-Inch OLED Display: Price, Features
  5. Galaxy Research Identifies at Least 15 Attackers Exploiting Coldcard Security Flaw
  6. Itel Ace 3 Heera Feature Phone Launched in India With Up to 9.64 Hours Battery Life: Price, Specifications
  7. Amazon Great Freedom Sale: This Is the OnePlus 15 Deal You Can’t Miss
  8. Google Assistant Set to Disappear From Android Phones Next Month; Gemini Will Replace It
  9. Samsung Galaxy S27 Ultra Could Get Thinner Camera Module With Inkjet Printing
  10. Boltt Ace 5G, Boltt Evo Monikers Confirmed as Firm Reveals Design, Colourways Ahead of India Launch
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.