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Sony Makes $18M on ‘The Interview’ & NYSE for Sale?

August 7, 2023
in Trade Tube
Reading Time: 2 mins read
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U.S. futures are lower. Volumes this week are expected to be the lowest for the year. Even so, both the Dow and S&P 500 on Friday closed at record highs, while the Nasdaq ended at its highest since march 2000. Internationally, we are keeping an eye on Greece as investors await the result of a presidential vote that may lead to snap elections next year.international stocks are mixed… Sony’s “The Interview” earned more than $15 million in online sales and another $2.8 million in theaters. Recall the film was nearly pulled from its Christmas debut on threats to theaters aiming to play it. Ultimately it was released to indie theaters and online. The publicity certainly helped as Sony ultimately made almost as much money through online distribution and theaters as it would have in a wide release. The film had been purchased or rented online more than 2 million times on the four days through Saturday, making it Sony Pictures’ number 1 online movie of all time. The FDA has granted pharmaceutical giant Roche emergency authorization for an ebola virus test. The test will help health-care authorities around the world fight the current outbreak of the deadly disease. It will be used on patients with signs and symptoms of the ebola virus, and who may have traveled from West Africa. Authorities in Liberia say there have been dozens of new Ebola cases erupting along the border with Sierra Leone Liberia is in the news for another reason. Oil is higher this Monday after falling for five consecutive weeks. This as reports of escalating clashes in the country which is a key crude producer. We will keep an eye on the big oil companies today. Also the New York Post reporting over the weekend that parent company of the New York Stock Exchange is laying the groundwork to either sell or spinoff the iconic institution. All this in favor of speedier technology replacing a trading tradition that began in 1792.

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