Their early releases were not ... barn burners. Some were good pictures, but they didn't make a hell of a lot of money, and a hell of a lot of money is the purpose (and motto) of our fine, entertainment conglomerates.
For Sony, Cloudy With Meatballs broke the losing streak, then The Smurfs completely shattered it. And now:
Sony Pictures Animation has closed a deal to acquire rights to the classic 1980s sitcom ALF and will develop the property into a hybrid CG/live action feature. ...
Rule One of Hollywood studios: When you hit pay dirt, double down on it. (It's the one move that will never but ever get a development executive terminated.)