Sony Pictures Entertainment CEO Tony Vinciquerra announces exit decision Venom: let there be carnage two weeks earlier, the film studio “shows our confidence that people will go to the movies, if the Delta variant seems to move away a bit.” He says that was the clear conclusion of Disney’s strong Labor Day weekend outing of Shang-Chi and the legend of the ten rings.
The SPE chief also said at a press conference on Monday: “There are probably too many movie studios and we could see one or two fewer in the next five to ten years.”
“But I think the next consolidation will be in the games business,” – a company Sony is familiar with – he said in a virtual question-and-answer session at Bank Of America Merrill Lynch Media, Communications & Entertainment Conference.
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SPE has 10 projects underway with PlayStation, he said, one of the first being Unexplored, based on a PlayStation game, and nine others in various stages of development.
Looking at what else its parent can bring, the studio is also working more closely with Sony Music, including on the recent release of Amazon Prime Video. Cinderella with singer Camila Cabello, and High-speed train with Brad Pitt and Bad Bunny, a big label talent. The first footage for the film premiered at CinemaCon last month.
Vinciquerra also touched on the talent offerings – they will be restructured to reflect a changed industry and new exit models; piracy – “It has just flourished under this distribution system” of the day and the date; and China – “not a welcoming place for American films right now and that’s certainly a big concern.” “
He said he liked Sony’s position, which doesn’t have its own general entertainment streaming service – as an “arms dealer” selling increasingly valuable content to the highest bidder.
Window Addressing – “There is a higher bar in theaters to get movies into theaters, so you probably won’t see that many movies directly in theaters. [That said] We have about 12 to 15 major films per year released in theaters and we will do the same in the future. Sony could sell more directly to streamers. “But you won’t see our great movies going that way.”
“Our main objective is theatrical distribution. “
He said the windows will be shorter, 45 to 60 days, and will depend on each movie “and how long they are in theaters, which depends on how long people go to the movies to watch that movie in. particular”.
When asked about genres, he noted that “horror films have been very successful throughout the pandemic. Not a lot of comedies, but we’ll see a few, and the traditional Marvel product that we and Disney put out there. We will have more.
“It just blossomed under this distribution system,” he said.