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Sony considering selling its movie and TV operations

http://nypost.com/2017/01/19/sony-is...m-tv-business/

Quote:

Tokyo’s Sony Corp. is listening to bank pitches about a potential sale of its film and TV operations, several sources told The Post.

“Every bank is pushing pitches,” said one person familiar with the process. Another confirmed that banks have paid a flurry of visits to Tokyo to advise on a sale of Sony’s film and TV business.

The Post was first to report (Dec. 18 ) that the Japanese owners were ready to listen to bid proposals if they had the right number attached.

CBS CEO Leslie Moonves has long signaled interest in acquiring the asset, though several Chinese bidders could be in the wings.

Sony CEO Kaz Hirai has denied any intent to sell the firm during the five years he’s been in the top slot at the company. Still, he has not appointed a successor to Lynton, despite knowing of his intention to depart for some time. That has sparked speculation that there may be no position to fill.

Hirai isn’t interested in selling Sony Music, sources said. The company is in good shape and is a big cash cow for the firm.

The film unit, however, is struggling. Sony/Columbia ended 2016 in fifth place with a market share of 8 percent, behind Disney, Warner, Fox and Universal, according to Box Office Mojo.

A source said Sony hasn’t yet committed to a sale at this time, because the firm wants to see how Sony’s movies perform this summer.

“They want to see how the “Emoji Movie” movie does because they think they have a franchise and it might help them get a better price,” said a source, the film, which features a poop emoji, comes out on August 4.

Sony basically becoming a Playstation and music company confirmed.

And in swoops The Mouse....

Quote:

Originally Posted by CyberCubed (Post 1654357)

http://nypost.com/2017/01/19/sony-is...m-tv-business/

Sony basically becoming a Playstation and music company confirmed.

And I'm sure they'll still make other electronics such as Tvs and Blu Ray players as well.

They wanna see how Sony movies do this summer? I dunno, I kinda get the feeling this is moot, then. No way Spider-Man isn't going to make bank. But it might not be enough, I dunno. I'm just saying things.

All thanks to the female Ghostbusters movie.

Quote:

Originally Posted by Andrew NDB (Post 1654438)

All thanks to the female Ghostbusters movie.

If only they made that Aunt May movie. That would've saved them.

Sony is also a Japanese company (of course) so it can't compete with American studios, you missed this:

Quote:

The film unit, however, is struggling. Sony/Columbia ended 2016 in fifth place with a market share of 8 percent, behind Disney, Warner, Fox and Universal, according to Box Office Mojo.

Sony cannot compete with Disney, Warner, Fox and Universal.

Quote:

Originally Posted by Cure (Post 1654424)

Sony has Resident Evil: The Final Chapter coming out this month, those movies make a lot of money for them.

The sad thing is they did pretty good with the first two Spider-Man movies by Sam Raimi, and I liked both Amazing Spider-Man films, but I can understand why the reboot didn't really work out. Spidey does better as part of a group of heroes in a shared universe, not a stand-alone reality like the Dark Knight trilogy.

Quote:

Originally Posted by TigerClaw (Post 1654452)

Sony has Resident Evil: The Final Chapter coming out this month, those movies make a lot of money for them.

Ah yes, the critically acclaimed Resident Evil movies will save the company.

Quote:

Originally Posted by snake (Post 1654441)

If only they made that Aunt May movie. That would've saved them.

the aunt may movie AND the 4 Female Spiderwoman movie.

Oh god, PLEASE let disney buy. and hope ghostbusters fairs better as a direct marvel movie than star wars did. oh and please keep feminism out of it this time

Quote:

Originally Posted by Vegita-San (Post 1654460)

A Spider-Verse movie would've made a sh*tload of money.

Quote:

Originally Posted by snake (Post 1654454)

Ah yes, the critically acclaimed Resident Evil movies will save the company.

Even though those movies don't do well with the critics, it still prints money for Sony.

Why do you think Sony continues making those movies, cause Milla Jovovich is a bankable star in those.

Quote:

Originally Posted by snake (Post 1654462)

A Spider-Verse movie would've made a sh*tload of money.

As cool as that would've been, I'm glad to see we're finally getting Spider-Man involved with the Avengers.

Quote:

Originally Posted by TigerClaw (Post 1654463)

Even though those movies don't do well with the critics, it still prints money for Sony.

Why do you think Sony continues making those movies, cause Milla Jovovich is a bankable star in those.

Apparently they make a lot of money overseas. Bad numbers domestic, but not foreign.

Quote:

Originally Posted by CyberCubed (Post 1654357)

Sony basically becoming a Playstation and music company confirmed.

The way it should be, IMO.

Quote:

Originally Posted by Powder (Post 1654483)

The way it should be, IMO.

They make good TV's and sound bars.

Quote:

Originally Posted by Cure (Post 1654501)

They make good TV's and sound bars.

My parents still own a Sony flat screen TV and Blu-Ray player and they work great!

Hopefully they will still release Hotel Transylvania 3 and if the Smurf animated movie is actually good then a sequel or two for that one. Maybe someone will finally finish/release that Popeye animated movie as well.

This might be me misunderstanding some things, If they sell tv rights, does that mean Disney could snatch it up and give us some new seasons of Spectacular Spider-Man?

Also, what does this mean for Bond?