Sony Pictures

Sony Pictures and co-financing partner LStar Capital cut ties

Sony Pictures and co-financing partner LStar Capital cut ties

Sony Pictures’ co-financing deal with LStar Capital is dead after three years, following a long period of box office struggles at the Culver City studio.

LStar in 2014 agreed to invest in Sony’s movies as part of a $200-million pact that promised to mitigate the risks of potential duds. The pact wasn’t working well for either partner, and the companies have been reevaluating the deal for months, according to people with knowledge of the matter who weren’t authorized to speak publicly.

Most studios have teamed with co-financing...

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