Sony Pictures has made official what has been painfully obvious to everybody since yesterday morning, when hackers threatened to blow up movie theaters if The Interview was released next week. The studio has officially scrapped its release plans. Sony had little choice here, after the major theater chains announced earlier today they would not display the film given the threatening circumstances. Here’s the statement:

“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.

“Sony Pictures has been the victim of an unprecedented criminal assault against our employees, our customers, and our business. Those who attacked us stole ourintellectual 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.”