Sony Writes Down Value Of Silvergate By $50M After Acquiring ‘Peter Rabbit’ Producer For $195M

Sony Writes Down Value Of Silvergate By $50M After Acquiring ‘Peter Rabbit’ Producer For $195M

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Sony Pictures Television has taken a £39.7M ($50.5M) hit on Silvergate Media, the Peter Rabbit producer it acquired for $195M in 2019. Sony declared the impairment in accounts for Columbia Pictures Corporation Limited, the parent company for its operations in the UK, where Silvergate was founded…

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