Tuesday, December 16, 2014

The biggest reason to break into Sony's computers were the Social Security Numbers and personal information.

The stock is taking a hit because of all the problems regarding the release of a single movie. 

The stock itself is rather lackluster except for a rather incredible spike in 1999 thru 2001. 

Sony was founded by Akio Morita and Masaru Ibuka on May 7, 1946 and is headquartered in Tokyo, Japan. Revenues average $78 billion per year. Japan has issues with North Korea and China, but, the China 'thing' is a very old border skirmish and there was a recent agreement with the USA that these issues would be tempered somewhat. That sort of brings us back to North Korea, but, it could be someone that sincerely is trying to do some damage to Sony.

With that kind of income and assets far greater, there is little chance the shelving of one motion picture is going to harm Sony.

The current threats are somewhat unrealistic. The Oklahoma bombing took an entire truck full of fertilizer to kill people and destroy a side of the federal building. I just don't see a truck parking inside a theater to cause that type of damage. 

The attack of the World Trade Tower in 1993 was a van full of explosives. I find it a bit unrealistic to think any type of car bomb could be built on that scale in every theater in the USA showing a Sony picture. They are talking about a bomb not simply an IED or something like that. 

Metal detectors should be at the doors of theaters anyway, especially after Aurora, Colorado. I suppose Carmike is correct in being cautious, but, this type of thing can become a real game after a while. Then forget about the movie theaters being in business. That is not good. Perhaps this is a chance for the industry to regroup around patron security and find some resolve about these issues.

It is the Social Security numbers and personal information that is most valued by the break in to the Sony computers. There are many people with high incomes and they are most at risk.

Either way, it is about money not really national security. This is really lousy for a lot of people we think of as celebrities. People the American public values and loves and especially their talent. The emails are just a side show. I do believe the industry needs to address more than security of it's patrons, but, also the culture. The culture within the industry is terrible. 

Your aren't treating each other with respect. It is terrible. It makes the industry sound as though it is comprised of spoiled brats in pursuit of any trivial matter. It is juvenile and ridiculous. Stop it.