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Forums - Movies & TV - Sony Pictures having the worse year in 9 years!

Yeah whoever is running Sony pictures is friggin retarded. I follow movie news as well and there was no missing that Sony is having an abysmal year. I mean, when u continue to greenlight Adam Sandler movies despite them consistently being some of the most painfully bad comedies, u have to wonder what the heck is wrong with the people running SP. Pixels was supposed to be a huge hit (was predicted to make like $180 mill domestic alone and had the director of a few of the Harry potter movies), but they put Adam Sandler in there and sure enough it bombed terribly.

Sony needs to do some firing at Sony pictures for sure. Oh, and Sony is about to be in even more trouble as they're likely losing the rights to continue releasing bond movies. MGM is predicted to switch to WB as a partner.



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Oh that's terrible.

Good thing Sony posted a massive $600m profit this quarter!



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MoHasanie said:
Chris Hu said:
MoHasanie said:
That's not good. But Spectre will make more than a billion dollars so that should help them.

Don't think it will make nearly as much plus with the Bond movies most of the profits go to other companies besides Sony its produced by Eon Productions which isn't owned by Sony its a co production with MGM which is not 100% owned by Sony and once it hits home video all the rights belong to 20th Century Fox. 

Oh, that's sad then. But when Skyfall came out and made over $1bn in 2012, Sony said that it helped be profitable in that quarter. 

Sony got 25% of Skyfall's total profits, and since it made a billion dollars, that's a ton of profits. Rest assured Bond has and will continue to be a massive money maker for Sony these last few years. 



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Fusioncode said:
MoHasanie said:

Oh, that's sad then. But when Skyfall came out and made over $1bn in 2012, Sony said that it helped be profitable in that quarter. 

Sony got 25% of Skyfall's total profits, and since it made a billion dollars, that's a ton of profits. Rest assured Bond has and will continue to be a massive money maker for Sony these last few years. 

Well the movie had a budget of $150-200m and there's probably $100m for marketing, and the movie made $1.1bn, so Sony made around $200m in profit from the movie. Still pretty good...



    

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Teeqoz said:
Spectre will be rather huge, and Hotel Transylvania 2 should do very good as well. There are two reasons why they haven't done good so far this year:
Movies greenlit by Amy Pascal (which has been replaced)
Not releasing many movies at all.

And now their contract with Sandler is finally over too.

Kinda on topic, but I was reading recently an article about the leaked Sony emails from Amy Pascal concerning the Ghostbusters remake.  Someone had emailed her about Channing Tatum desperately wanting to do a remake of it, and he had his friend Chris Pratt (one of the biggest newcomers of late) on board, too.  Her response was just "Fuck!"  I took that as she just realized how much bigger that movie could be compared to the all female remake they had already signed contracts for.  It's a shame we may not get that one, cause I could totally see Pratt as Peter.  I'm guessing Tatum would play Ray.  And if I remember correctly someone had suggested Ryan Gosling, too.  I think he could pull off an Egon. 

She has really made some poor decisions.



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pitzy272 said:

Yeah whoever is running Sony pictures is friggin retarded. I follow movie news as well and there was no missing that Sony is having an abysmal year. I mean, when u continue to greenlight Adam Sandler movies despite them consistently being some of the most painfully bad comedies, u have to wonder what the heck is wrong with the people running SP. Pixels was supposed to be a huge hit (was predicted to make like $180 and had the director of a few of the Harry potter movies), but they put Adam Sandler in there and sure enough it bombed terribly.

Sony needs to do some firing at Sony pictures for sure. Oh, and Sony is about to be in even more trouble as they're likely losing the rights to continue releasing bond movies. MGM is predicted to switch to WB as a partner.


First of all, all these movies were greenlit by the previous chief, Amy Pascal, who has been replaced.

Second of all, they had a contract with Adam Sandler. You can't just break a contract. Luckily, Pixels was the last movie in that contract, and they in all likelyhood won't have anything to do with Sandler in the future.

So yeah, all these changes were already made, but the results won't come before the remains of the Pascal era projects are finsihed, so change will be evident in 2016 onwards. And also, Sony as a whole isn't in trouble anymore, they aren't at all relying on the Bond deal to survive.



Teeqoz said:

Second of all, they had a contract with Adam Sandler. You can just break a contract.

I think you meant to say "can't" break a contract. If so, this is incorrect. Contracts can be and are breached daily: if they weren't, I'd be out of a job. There's even a legal concept called "efficient breach of contract," which as the name implies encourages breaching if it is more efficient (profitable) to do so. I don't know enough about the details here to say if breaching the Sandler contract would be wise or not, but since it is often made out to be such an albatross it must have crossed Sony's mind several times.



noname2200 said:
Teeqoz said:

Second of all, they had a contract with Adam Sandler. You can just break a contract.

I think you meant to say "can't" break a contract. If so, this is incorrect. Contracts can be and are breached daily: if they weren't, I'd be out of a job. There's even a legal concept called "efficient breach of contract," which as the name implies encourages breaching if it is more efficient (profitable) to do so. I don't know enough about the details here to say if breaching the Sandler contract would be wise or not, but since it is often made out to be such an albatross it must have crossed Sony's mind several times.


Lol yes, I meant can't xD



Augen said:
Universal being the big success story, look at their big five releases.

1. Jurassic World - 4th entry in established franchise
2. Furious 7 - 7th entry in established franchise
3. Minions - Spin off / 3rd entry in established franchise
4. Pitch Perfect 2 - 2nd entry
5. Fifty Shade of Grey - Original film, but based off hugely popular book

Now, I give them credit that JW and F7 finished well above even high expectations, but really nothing here screams "risk" in terms of a new idea with a big budget.

They still have two very new ideas coming out very soon this year in "Straight Outa Compton" and "Everest".  Sony Pictures hasn't exactly had many new ideas lately either.



That's just how the business goes. It takes a long tine to get productions going so sometimes a film slate works out well sometimes it doesn't. Sony was number 1 in 2012 Thanks to Skyfall and Spiderman. Look at Universal, last year their top earner was the low budget Neighbors which surprisingly grossed $150 million. This year they already have 5 movies that made more money.



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