Sony Pictures Entertainment is considering the sale of a majority stake in Imageworks, the visual effects business behind films such as Spider-Man, and half its animation studio.
Sony Pictures, part of Sony Corporation, has hired Houlihan Lokey Howard & Zukin, the investment bank, to assess the value of each division. It is understood their combined value is at least $500 million (£240 million). Sony has invested an estimated $400 million in the animation and effects businesses over the years.
Sony Pictures’ visual effects business has had much success in its 15-year history, pioneering computer-generated imaging techniques in the Spider-Man films, The Polar Express, Superman and Stuart Little.
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Sony Pictures, part of Sony Corporation, has hired Houlihan Lokey Howard & Zukin, the investment bank, to assess the value of each division. It is understood their combined value is at least $500 million (£240 million). Sony has invested an estimated $400 million in the animation and effects businesses over the years.
Sony Pictures’ visual effects business has had much success in its 15-year history, pioneering computer-generated imaging techniques in the Spider-Man films, The Polar Express, Superman and Stuart Little.
Read More Article...
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