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Sony Pictures Breaks Ties With Finance Partner

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News video: Sony Pictures Breaks Ties With Finance Partner

According to a report, Sony Pictures Entertainment has split from key financing partner, LStar Capital after striking a deal back in 2014 for $200 million.

The pact between the two companies, which was supposed to go in 2019, fell apart after Sony suffered multiple recent losses at the box office.

In a statement, Sony said this week of the news, "The decision to part ways was mutual, and won’t impact the studio’s plans or our strong slate of upcoming films moving forward.".

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