Sony Pictures Entertainment CEO Michael Lynton said that his company is not for sale.
Especially not to the conglomerate that seems to be buying half of Hollywood, China’s Dalian Wanda Group.
In a keynote talk with TheWrap CEO Sharon Waxman at the 2016 edition of TheGrill, TheWrap’s annual entertainment and media conference at the Montage Beverly Hills, Lynton said that he does not see Sony as an acquisition target.
“No, I don’t think so,” Lynton said. “I don’t think my parent company has any interest at all in selling the company.”
He defended that stance by pointing out that Sony’s core business is “more about content and the delivery of content.”