Sony Pictures, film-financing partner go separate ways
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Los Angeles
SONY Pictures, the studio behind Spider-Man: Homecoming, parted ways with film-financing partner LStar Capital, which opted out of a deal to provide as much as US$50 million through 2019, according to a person familiar with the matter.
The affiliate of Lone Star Funds won't meet a Monday night deadline to provide funds for The Emoji Movie, a film set for July 28 release, said two people, who asked not to be identified discussing a private matter. The failure to provide those funds ended the deal. LStar's agreement involved financing films including Aloha and The Brothers Grimsby, many of which fared poorly at the box office.
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