Nuclear Meltdown At Three Mile Island
In 1979, there was a partial reactor meltdown at the Three Mile Island Nuclear Generating Station. This is the biggest accident of this kind on American soil. There were a series of failures which caused the leakage of coolant from the reactor. The damages reached a whopping $4 billion. The reactor was badly damaged because of the incident and was eventually forced to close. It took 24 years to finish the cleanup. It was very expensive due to the damage it caused. It also cost Exelon Nuclear money in terms of future profits because the reactor needed to be decommissioned.
Nuclear Meltdown At Three Mile Island
Sony Purchases Columbia Pictures
Sony shelled out $3.4 billion to buy Columbia Pictures back in 1989. At the time, the studio appeared to be a winning horse as it was among the biggest studios. However, Columbia didn’t actually have much success in the first five years that followed the purchase nor did it have enough breakaway hits to match how much Sony paid for it. Sony lost billions in the first couple of years, but they have kept the company. Since the film business isn’t an exact science, perhaps the mistake righted itself after some time.
Sony Purchases Columbia Pictures
