Sony generates $15m from The Interview

<p>Sony’s controversial comedy The Interview has become the company’s most-downloaded title of all time.</p>

It has become the most infamous and controversial films of all time and now The Interview is paying dividends for Sony.

After finally being released on December 24th, the title starring Seth Rogen and James Franco has been downloaded over two million times generating $15 million (£9.65 million) in the process, as of December 27th. It is now Sony's most-downloaded title ever and has made back a third of its $44 million budget in that time.

The film has sparked controversy as it centres around a fictional US plot to kill North Korean leader Kim Jong-un. It sparked outrage in North Korea and led to Sony computer systems being hacked by the group "Guardians of Peace". The hackers threatened the US with 9/11-type attacks on cinemas showing the film.

Many movie theatres across the US decided to pull screenings and the New York premiere was also cancelled. With the hacking leading to the leaking of confidential information about upcoming film scripts, emails and actors' salaries, Sony took the decision to cancel The Interview's December 25th release date.

It was an act condemned by President Barack Obama who stated that the hack meant that freedom of expression was being put under threat. Sony seemed to have a change of heart and The Interview was given a limited Christmas Day release and was shown in some US cinemas as well as being released online.

It was not just movies that were targeted by hackers over the Christmas period as Xbox and PlayStation games consoles were also the subject of breaches. A hacking group called Lizard Squad claimed responsibility for attacks on Christmas Day which disabled online services for gamers using either Xbox Live or Sony's PlayStation system.

The hacks hit Sony's share price with the company seeing stock value dropping 3.46 per cent at 09:00 GMT on Tuesday (December 30th).

Find up to date information on the FTSE 100 and spread betting strategies at City Index.

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.