Sharon Waxman: Sony's Leadership Is at Risk

The transcript discusses Sony's mishandling of a controversial movie release, leading to severe criticism from both within and outside Hollywood. Sony faced a significant hacking incident, resulting in leaked private information and emails. The company's delayed response and eventual decision to pull the movie drew further criticism. Financially, Sony faced a $90 million loss, with additional costs for rebuilding security infrastructure. The incident damaged Sony's reputation, raising questions about its future in the industry. Ultimately, Sony decided against releasing the movie to mitigate further risks.

What does the text suggest about the future of Sony Pictures as a business after the incident?

Why did Sony Pictures decide not to release the movie online or in pay-per-view according to the discussion?

What are the broader implications for Hollywood studios in light of the Sony Pictures incident as discussed in the text?