via Bloomberg News
The decision by Sony Pictures to cancel the Christmas Day opening of “The Interview,” a raunchy comedy in which two American journalists try to assassinate North Korean leader Kim Jong Un, has brought the company in for some hard knocks. Former House Speaker Newt Gingrich tweeted, “America has lost its first cyberwar.” The Wall Street Journal warned that the cancellation “will set a precedent for further bullying of a notably weak-kneed industry.”
The decision by Sony Pictures to cancel the Christmas Day opening of “The Interview,” a raunchy comedy in which two American journalists try to assassinate North Korean leader Kim Jong Un, has brought the company in for some hard knocks. Former House Speaker Newt Gingrich tweeted, “America has lost its first cyberwar.” The Wall Street Journal warned that the cancellation “will set a precedent for further bullying of a notably weak-kneed industry.”
Well, let’s slow down a minute. Sony is a for-profit business. The film division hasn’t had a lot of hits lately, and the parent company has had only one profitable year in the past seven. Once theater owners jumped ship after hackers connected to North Korea promised to attack multiplexes that showed the film, Sony didn’t have much choice.
Read complete article here