http://www.buzzfeed.com/peterlauria/sony-pictures-business-secrets-revealed-in-hack-yep-seinfeld
By Peter Lauria
BuzzFeed Staff
December 3, 2014
The vast trove of internal data hackers took from Sony Pictures
Entertainment isn’t just a nightmare for its employees, whose deeply
personal information was made public. It also revealed intricate details
about Sony’s business, including syndication contracts and movie licensing
deals, which could have huge ramifications for the company’s shareholders
and business prospects.
Included among the leaked files, for instance, is a signed document
between the company and television station owner Tribune Broadcasting. It
details a syndication deal between the two companies for the sitcom
Seinfeld, and calls for Tribune to pay Sony Pictures $37,500 per week over
the next three years to air the show on nine of its stations.
That’s a total of $5.85 million to air a show that broadcast its last
original episode 16 years ago and is now on its fifth syndication cycle,
meaning Sony has negotiated deals similar to this four times prior.
Another document details a similar deal with the CBS-owned television
station in Seattle, under which Sony will collect $4,500 per week for the
next three years, or $702,000 total, for that one station alone.
The leak includes hundreds of similar contracts, for shows like King of
Queens, The Dr. Oz Show, and All in the Family, dating back to at least
2008. Also contained in the leaked documents are details of how Sony
Pictures bundles and packages movies for licensing.
It is, in short, a veritable commercial nightmare for the company.
[...]
--
Evident.io - Continuous Cloud Security for AWS.
Identify and mitigate risks in 5 minutes or less.
Sign up for a free trial @ https://evident.io/
