Over the past seven weeks, the chief executive of Sony Pictures Entertainment has dealt with the fallout from a cyberattack he likens to having your house robbed and burned to the ground.
But the devastating hack, he says, may end up being much less of a disaster for the studio than many had anticipated.
Michael Lynton says the costs associated with the cyberattack, the most destructive on a private company on U.S. soil, will be completely covered by insurance and will not mean any more cost-cutting after a few years of painful restructuring.