'The Interview' shelved by Sony Pictures

Sony Pictures has blinked in the battle waged against the release of 'The Interview' and the company itself, announcing that the planned Christmas release of the film has been cancelled. In an official statement released just moments ago, Sony Pictures said:

In light of the decision by the majority of our exhibitors not to show the film The Interview, we have decided not to move forward with the planned December 25 theatrical release. We respect and understand our partners' decision and, of course, completely share their paramount interest in the safety of employees and theater-goers.

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Sony Pictures has been the victim of an unprecedented criminal assault against our employees, our customers, and our business. Those who attacked us stole our intellectual property, private emails, and sensitive and proprietary material, and sought to destroy our spirit and our morale - all apparently to thwart the release of a movie they did not like. We are deeply saddened at this brazen effort to suppress the distribution of a movie, and in the process do damage to our company, our employees, and the American public. We stand by our filmmakers and their right to free expression and are extremely disappointed by this outcome.

No word yet on what this means for international markets, but its assumed that these will suffer the same fate.