Tag: Bad Boys 4

Posted on in News

Sony CEO Yoshida Kenichiro Says Sony Pictures Isn’t For Sale

Every couple of months film and business trades run speculative interviews with analysts or “activist investors” claiming that Sony Pictures is poised for a big sale to places like Apple, Amazon, or Netflix. None of this is anything but opinion dressed-up as an editorial/interview, instead of based on concrete information or reporting. It usually comes after a shift in the industry like the Walt Disney Company acquiring 21st Century Fox or when telecoms company AT&T got their hands on a media giant like Time-Warner.

After the WarnerMedia-Discovery and Amazon-MGM deals being announced this month, it seems like we should prepare for another run of wild claims and speculation that Sony Pictures is next to be sold-off.

However, that doesn’t seem to be case, according to the person that actually runs the company. There is now a real statement coming from Sony CEO Yoshida Kenichiro while speaking with the Financial Times (via The Hollywood Reporter), Kenichiro says that while they’re open to partner with streaming services they’re not going to sell the film division.

KENICHIRO: “There is drastic realignment in the media industry, but I think our strategy of creating content as an independent studio while working with various partners will work.” 

It’s worth mentioning that Sony did strike deals with Netflix and Disney recently, but that has to do with post-theatrical window streaming rights of feature films and they’ve been working towards a television deal with Amazon that includes the Spider-Man spinoff series Silk. These deals will expand their presence in the streaming space, far from an actual acquisition. One of the big reasons for moves like this is that Sony doesn’t have their own streaming service, so, licensing their content to multiple suitors isn’t that surprising as the media landscape changes.

The Hollywood Reporter also added a comment from Sony Pictures Entertainment chief Tony Vinciquerra from the investor day presentation, where he sounded confident that the shows and films in development based on the PlayStation IP will continue the momentum as they have at least ten projects in the pipeline. Those PlayStation projects include Tom Holland’s Uncharted film, an HBO series based on The Last of Us, and a Ghost of Tsushima movie from John Wick franchise director Chad Stahelski.

VINCIQUERRA: “The PlayStation project has tremendous momentum with the establishment of PlayStation productions and ten projects already in development.”

They also have a string of their own Marvel films such as J.C. Chandor’s Kraven The Hunter, Olivia Wilde’s Spider-Woman, Spider-Man: No Way Home, Venom: Let There Be Carnage, and Jared Leto’s vampire flick Morbius. Sony Japan was behind the pressure on the film division to make a deal with Marvel Studios/Disney that led to Tom Holland appearing as Spider-Man in solo films made by Marvel and appearing in their other films as well.

Having a corner of the Marvel Comics rights and developing multiple projects based on their popular PlayStation video game franchises could keep them competitive for the foreseeable future. Franchises like Bad Boys and Jumanji seem to be audience draws the studio can rely on beyond Spider-Man projects.

SOURCE: THE FINANCIAL TIMES

Posted on in Film News

Netflix Secures Multi-Year Deal Landing Streaming Rights To Sony Feature Films Starting In 2022

Many people had been curious why Sony Pictures hadn’t started-up their own streaming service or attempted to sign a deal with an existing streaming player. That has all changed as there is news today via The Hollywood Reporter that Sony and Netflix have signed a lucrative deal giving the them the streaming rights to their feature films starting in 2022 after the theatrical/home video windows.

Sony has inked a multi-year, exclusive first pay window licensing deal in the U.S. that will allow Netflix first pay window rights to Sony Pictures titles following their theatrical and home entertainment windows, the studio announced Thursday. (The typical pay one window is 18 months.)

Over the course of the deal, Netflix has also committed to financing a number of titles from the studio’s motion picture group. These will encompass the films that Sony intends to make directly for streaming from inception or decides at a later point to license for streaming. The announcement notes that Sony’s theatrical output will “continue at its current volume.

The new deal also gives them access to Sony’s Spider-Man franchise which is going to continue to expand for the foreseeable future as they’ll have dibs on future Spider-Man (mentioned by THR) and Venom films. It will seemingly include upcoming spinoff movies such as Olivia Wilde’s Spider-Woman film, J.C. Chandor’s Kraven The Hunter, Madame Web, Jackpot, Black Cat, Silver Sable, and Nightwatch.

Upcoming releases part of this deal include Uncharted, Morbius, Bullet Train, Spider-Man: Into The Spider-Verse 2, and other films released within the deal.

There was always a hint that Netflix was going to seek a studio partnership after Disney+ became their main competition and HBO Max started throwing the new releases from the Warner Bros. slate on the streaming service.

It’ll be curious if Netflix will attempt to develop exclusive series based on Sony franchises as well. In September, it was reported that a Silk live-action series was in the works with Amazon being considered with Phil Lord, Chris Miller, and Amy Pascal producing. Cindy Moon aka Silk is a spinoff character from Sony’s stable of Spider-Man universe heroes.

SOURCE: THE HOLLYWOOD REPORTER

Posted on in Film News

‘Fast & Loose’: Will Smith Teaming Up With ‘Deadpool 2’ Director David Leitch For Memory-Loss Action Flick

Deadline reports that a bidding war is underway for an upcoming action film titled Fast & Loose from John Wick co-director David Leitch and starring Oscar-winner Will Smith. The outlet says that studios in the mix for the bidding include Warner Bros., MGM, Paramount Pictures, and Sony Pictures.

It’s script was penned by Jon and Eric Hoeber with Leitch expected to direct.

After the leader of an upper-echelon criminal organization suffers memory loss from an attack, he reunites with his crew, only to find that things aren’t what he thinks they are. When John Riley (Smith) wakes up in Tijuana after being left for dead with absolutely no memory, he follows a string of clues to uncover his identity discovering he’s been living two different lives: one, as a super-successful crime kingpin, surrounded by beautiful women, expensive toys, and a lavish lifestyle and the other as an undercover CIA agent, but with a puny salary, no family or home life whatsoever, and zero trappings of success. The problem is, he can’t remember which of these two personas is his true identity, and, more importantly, which life he really wants to live.

Leitch’s action credits go deep with Wick, Atomic Blonde, Deadpool 2, Hobbs & Shaw, and is currently shooting the Brad Pitt assassin movie Bullet Train in Los Angeles. He’s also behind the upcoming Bob Odenkirk movie Nobody as one of the film’s producers.

Smith recently had a hiccup with his film Gemini Man becoming a bit of a box office flop. However, Bad Boys For Life became one of the most profitable films of 2020 earning an impressive $426.5 million on a budget of $62.5 million, it’s box office success led Sony Pictures to quickly put Bad Boys 4 into development.

SOURCE: DEADLINE