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Sony Entertainment announces cuts, shift of focus from film to TV

Jamie Foxx and Channing Tatum in "White House Down"

Sony Pictures/Getty Images

In this handout production photo provided by Sony Pictures Entertainment, Channing Tatum portrays John Cale in "White House Down". "White House Down", directed by Roland Emmerich, is about policeman John Cale saving the President of the United States when the White House is attacked by a paramilitary force on April 20, 2013.

How many of you saw the film "After Earth"? What about "White House Down" or "Smurfs 2"?

If you didn't see any of these, you're not alone. Those were all box office flops this year, all from the film studio Sony Entertainment. 

RELATED: Sony to cut $250M, reduce slate of films and lay off employees

The company made a dramatic announcement yesterday that they would make a significant shift from movies and move to TV.  They also announced that they would be looking to cut more than $200 million over the next few years. 

With more on this we're joined by Andy Fixmer, he's an entertainment reporter with Bloomberg 


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