The hack of Sony Pictures last year was not behind the recent slump in the Japanese electronics giant's movie business, Sony's CEO told CNBC in an interview Wednesday.
At the end of last year, the Japanese titan's pictures unit was hacked with authorities blaming North Korea. A film called "The Interview," which involved a plot to kill North Korean leader Kim Jong Un was pulled as a result but was eventually released. North Korea denied any involvement.
Sony's pictures unit saw sales and operating revenue for the three months ended June 30 drop 12 percent year over year to 171.5 billion yen ($1.42 billion) from 194.8 billion yen.