Sony Pictures

In 2021, Sony Pictures signed a multi-year licensing deal with Netflix, granting the streaming service exclusive rights to stream Sony's theatrical releases after their cinema runs. This deal highlighted the growing importance of streaming platforms in film distribution.

In 2017, Sony Pictures launched its Virtual Reality (VR) division, aiming to create immersive experiences based on its film and television properties. This initiative was part of Sony's strategy to innovate and expand its digital entertainment offerings.

Sony Pictures released 'The Interview' in 2014, a comedy film that became controversial due to its depiction of North Korea. The film's release was initially canceled due to threats, but it was eventually distributed digitally and in select theaters.

In 2011, Sony Pictures suffered a major cyberattack, resulting in the leak of sensitive data, including unreleased films and employee information. The attack was attributed to North Korean hackers, allegedly in retaliation for the film 'The Interview'.

Sony Pictures, along with a consortium of investors, acquired Metro-Goldwyn-Mayer (MGM) for approximately $5 billion. This acquisition expanded Sony's film library and strengthened its position in the entertainment industry by adding MGM's extensive catalog.

In 2002, Sony Pictures released 'Spider-Man', directed by Sam Raimi. The film was a major success, grossing over $800 million worldwide and establishing a successful franchise. It marked a significant milestone in the superhero genre and for Sony Pictures.

Sony Pictures Classics was launched in 1992 as a division of Sony Pictures Entertainment, focusing on the acquisition, production, and distribution of independent films. The division has been instrumental in bringing critically acclaimed films to a global audience.

In 1991, Sony Pictures Entertainment was officially formed as a subsidiary of Sony Corporation, consolidating its film and television production and distribution operations. This move aimed to streamline operations and enhance Sony's competitive edge in the entertainment industry.

Sony Corporation completed its acquisition of Columbia Pictures Entertainment, Inc. for $3.4 billion. This strategic move allowed Sony to integrate its electronics and entertainment businesses, leveraging Columbia's film library and production capabilities.

Sony Pictures Entertainment was founded in 1987 when Sony Corporation acquired Columbia Pictures Entertainment, Inc. This acquisition marked Sony's entry into the American film industry, expanding its global entertainment reach.