The company has faced challenges in mobile advertising and is running up more expenses as it invests in new businesses.
The new HBO Now service will cost $14.99 a month.
"The content of my emails to Scott were insensitive and inappropriate but are not an accurate reflection of who I am," Sony Pictures Entertainment Co-Chairman Amy Pascal said in a statement.
The tab will be less than the $171 mn Sony estimated for the breach of its Playstation Network in 2011 as it does not appear to involve customer data, the experts said.
Now, the tables have turned and it's Apple that is being forced into a deal that is far from a sure-fire winner.
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