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Sony Debating Selling Spider-Man & Resident Evil Film Rights

Posted By: Matt McGloin
Wed, 05/22/2013 - 14:30


Back in October a report surfaced that Sony was in trouble financially with it said the ailing company might be selling off its entertainment division.

We put it forth that the film rights to the Amazing Spider-Man could be up for grabs; however, a rep for Sony stated the division wasn't for sale "period."

Well, that seems not to be the cast as a new report surfaces that states Sony is at least considering selling the Amazing Spider-Man and Resident Evil based on the recommendation of activist investor Daniel Loeb.

The UK's Register reports that Chief executive Kazuo Hirai told numerous news media outlets that the board was discussing the plan to sell a portion of its entertainment business, and that it is being debated.

Apparently, Sony wants to concentrate on their electronics division, with it said that their entertainment division could be made into its own separate entity.

It's said Sony wants to raise money by selling 15 to 20 percent of its film and music business in a public offering, of course which includes Spider-Man.

It's noted that this idea is just being considered, "So the Sony board will give it thorough consideration before replying to Mr. Loeb," said Hirai.

The 2012 Amazing Spider-Man grossed over $750 million worldwide, and with Disney looking to add new members to its Avengers roster, in addition to rumors about Spider-Man The Avengers appearances, this would be a good cash grab for Sony, with Disney's deep pockets most likely wanting the Wall-Crawler for its own movies.