Sony Seeking Solace From Bond

Sony, whose stock has been taking a beating in recent weeks as consumerdemand for its consumer electronics items slackens and as the dollar risesagainst the yen, is hoping that next weekend's domestic debut of the latestJames Bond movie, Quantum of Solace , will offset some of the badnews. "I don't want to predict what will happen in the U. S., MichaelLynton, chief executive of Sony Pictures Entertainment, told the London Financial Times. "But in these difficult economic times it's nice tohave a hit and the film certainly worked in the U.K. and elsewhere." Lyntonwas referring to the record opening of the movie in the U.K. two weeks agoand strong openings in India and China as well. (The film took in $106.5million over this past weekend, the second largest international take of2008, according to Daily Variety .) Lynton added, "It's profitablefor the studio, which means it's profitable for Sony Corp." He also notedthat the film's success could boost company morale.

10/11/2008


Contactmusic
Advertisement

Editors Recommendations

Our Tastebuds Are Tingling For This Year's Hottest New Artists

The world's biggest fast food chain presents three of the top up-and-coming indie...

Our Tastebuds Are Tingling For This Year's Hottest New Artists

Benedict Cumberbatch, Christian Bale, Cate Blanchett: Meet The Cast of Andy Serkis’s ‘The Jungle Book’

Hot on the heels of Disney announcing their star filled Jungle Book cast, Warner...

Benedict Cumberbatch, Christian Bale, Cate Blanchett: Meet The Cast of Andy Serkis’s ‘The Jungle Book’

Maroon 5 - Animals [Lyric] Video

Ahead of their fifth studio album, 'V', in September, Maroon 5 is continuing their promotion by releasing the lyric video for their...

Maroon 5 - Animals (Lyric Video) Video

God Help the Girl Movie Review

With bouncy pop tunes and a breezy tone, this Scottish musical sometimes feels so weightless that it seems to float right out...

God Help the Girl Movie Review

Reviews: 'The One I Love' - Moss and Duplass Shine

Starring Mad Men’s Elizabeth Moss, The One I Love follows Ethan (Mark Duplass) and Sophie (Moss) attempt...

Reviews: 'The One I Love' - Moss and Duplass Shine

Jennifer Lawrence in Talks with Quentin Tarantino for 'The Hateful Eight'

Jennifer Lawrenceis in negotiations withQuentin Tarantinoto star in his forthcoming...

Jennifer Lawrence in Talks with Quentin Tarantino for 'The Hateful Eight'

Miley Cyrus Banned From Performing In Dominican Republic

Miley Cyrus has been banned from performing in the Dominican Republic. The...

Miley Cyrus Banned From Performing In Dominican Republic

Chris Pratt Pays Visit To Children's Hospital As Peter Quill

The world keeps on falling in love with Chris Pratt over and over again. After a...

Chris Pratt Pays Visit To Children's Hospital As Peter Quill

Win A Pair Of Lady Gaga Heartbeats Headphones From Beats By Dre

Welcome all you eagle-eyed freebie spotters to our latest competition where...

Win A Pair Of Lady Gaga Heartbeats Headphones From Beats By Dre
Advertisement

Comments

Newsletter

Subscribe to this news alert service to receive news and reviews on

Unsubscribe | Unsubscribe All