Tom Rothman, Sony Pictures motion picture group chairman, has said many times, both on the record and in the private confines of Louis B. Mayer’s old office on the Sony lot, that he is an arms dealer in the arms race.
He is referring to, of course, Hollywood’s leading business mandate to launch and service streaming competitors to giants such as Netflix and Disney Plus — subscriber platforms that have become Wall Street’s golden geese after the global pandemic shuttered movie theaters and theme parks. With Amazon Studios and Apple TV Plus chugging along in search of narrative identities, and WarnerMedia, NBCUniversal and ViacomCBS working to grab eyeballs with vast film and TV libraries, many wondered how and if Sony Pictures Entertainment would enter the fray.
In quick succession in April, Sony not only brokered two historic TV licensing deals that will bring close to $3 billion in revenue to the Japanese-owned shop,...
He is referring to, of course, Hollywood’s leading business mandate to launch and service streaming competitors to giants such as Netflix and Disney Plus — subscriber platforms that have become Wall Street’s golden geese after the global pandemic shuttered movie theaters and theme parks. With Amazon Studios and Apple TV Plus chugging along in search of narrative identities, and WarnerMedia, NBCUniversal and ViacomCBS working to grab eyeballs with vast film and TV libraries, many wondered how and if Sony Pictures Entertainment would enter the fray.
In quick succession in April, Sony not only brokered two historic TV licensing deals that will bring close to $3 billion in revenue to the Japanese-owned shop,...
- 5/19/2021
- by Matt Donnelly
- Variety Film + TV
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