Texas private equity fund LStar was to have invested $200 million in Sony Pictures. But now, the deal is dead.
According to SFGate, it was killed by a string of flops, and a Sony boss who put his feet on the desk of a Lone Star's president.
The deal was made in 2014, but when Sony execs Amy Pascal and Michael Lynton left, the arrangement soured.
Movies that tanked included the $144m 'Ghostbusters,' 'Life,' 'The Brothers Grimsby,' "Passengers,' and 'Concussion.' Ouch.