Some US cable and telephone companies have asked to buy stakes in Sony Corp’s Columbia Pictures, but Sony has made no decision about any sale, the company says: the New Yorker magazine said in its latest issue that the Columbia film studio lost $124m on its Arnold Schwarzenegger movie The Last Action Hero.

Some US cable and telephone companies have asked to buy stakes in Sony Corp’s Columbia Pictures, but Sony has made no decision about any sale, the company says: the New Yorker magazine said in its latest issue that the Columbia film studio lost $124m on its Arnold Schwarzenegger movie The Last Action Hero.