Sony will not release expensive movies until the market stabilizes
Sony Pictures will not release a single large-budget project until the market has completely stabilized. This statement was made during a meeting with investors at the Bank of America conference, the head of the company, Tony Vinchikerra, quoted by The Wrap. "What we will not do for sure is we will not make a mistake by launching a very expensive a movie worth 200 million dollars, if we are not absolutely sure that cinemas are open and operate with significant bandwidth, "he said. Note that in the beginning of autumn, several movies were released in other studios at once, whose production budgets are estimated at $ 200 million or more. Thus, the fantastic thriller "Argument", presented by Warner Bros. occurring over the next six months. And how movies are released, how they are planned, how they are sold. But we will learn a lot, and I think we will find the best ways to implement our projects, "added Vinchicerra. As a reminder, despite the crisis associated with the coronavirus pandemic, Sony Pictures managed to get in the first quarter of 2020 a substantial profit of $ 230 million. occurring over the next six months. And how movies are released, how they are planned, how they are sold. But we will learn a lot, and I think we will find the best ways to implement our projects, "added Vincikerra.As a reminder, despite the crisis associated with the coronavirus pandemic, Sony Pictures managed to get a substantial profit of $ 230 million. The Topic of Article: Sony will not release expensive movies until the market stabilizes. |
