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Sony has written down $977 million in its movie business, blaming a decline in physical media sales:
In a Monday statement to investors, the company attributed the "downward revision... to a lowering of previous expectations regarding the home entertainment business, mainly driven by an acceleration of market decline." [...] "The decline in the DVD and Blu-ray market was faster than we anticipated," Takashi Iida, a Sony spokesman, told Bloomberg News.
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Sony Writes Down $977 Million in its Movie Business, Blames DVD and Blu-Ray Decline
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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
And tomorrow will be like today, only more so.
-- Isaiah 56:12, New Standard Version
(Score: 3, Interesting) by VLM on Wednesday February 01 2017, @03:33PM
I went through the list I'd watched this year and ranked them on IMDB. I must have seen about 80 films, not all made in 2016, but quite a large representation were.
Is this list for Sony Pictures accurate of only 10 movies last year?
http://www.movieinsider.com/c8/sony-pictures [movieinsider.com]
Sure if "industry leadership" is defined industry wide as copying what everyone else does, and everyone else sucks, its fair to pick on Warner Bro or Disney, but the list implies Sony only shipped ten movies admittedly all of which sucked except for the soft core pr0n one and the anti-msm one:
I mean, "sausage party" an animated PoS R rated for generic childish degeneracy, really? Ghostbusters remake just a turd, Mag 7 remake just a turd, Angry Birds video game turned to movie, come on get real. The Shallows is probably the movie I'd be most likely to watch and thats only because the actress is hot (unlike ghostbusters for example) so if I'm in the mood for G rated soft pr0n thats a maybe, although maybe its crap. Inferno just sounds stupid like a parody where nobody had the guts to point out its a parody. Passenger sounds like they found the cheapest blandest sci fi book out there rather than judgmentally selecting anything good, its like my public library has 15000 sci fi titles and somehow you picked the most blah formulaic predictable... Money Monster looks good on the surface, tapping into the near universal American hatred of our shitty MSM. Bros Gimsley, seriously, brainless action flick pew pew pew boring as hell rather watch paint dry, here, I have a nice polyurethane to apply to my son's new bookshelf. 5th wave usual bullshit alien invasion, let me guess the prog narrative is strong with this one and the moslem refugees, err I mean space aliens, are merely misunderstood nice guys who just want to open an ethnic food restaurant. What a load of crap. What a load of risk avoidance leading to crap.
(Score: 2) by bob_super on Wednesday February 01 2017, @06:47PM
Other critical factor: Cord cutters.
Since i cut the cord, I don't get bombarded with movies trailers anymore.
So I don't realize all the "great" stuff I'm missing, if I only go to see what my friends recommend.
On top of which, they keep recommending stuff they see on Netflix. I may pay for Netflix, but for now I have too many movies left I could watch after someone paid for one year of Prime.
Result: less incentive to see movies at the theater, no incentive to buy (a DRMed license to restricted viewing).
And if I feel I may have missed something, I'll see it on the next intercontinental flight.
(Score: 0) by Anonymous Coward on Thursday February 02 2017, @07:13AM
(Score: 2) by FatPhil on Thursday February 02 2017, @02:12PM
Passengers: 41
Inferno: 42
Magnificent Seven: 54
Sausage Party: 66
Ghostbusters: 60
The Shallows: 59
Angry Birds: 43
Money Monster: 55
Brothers Grimsby: 44
The 5th Wave: 33
So it looks like they have 2 types of output - shit, and mediocre.
Does anyone want to do the legwork for a different studio?
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 2) by FatPhil on Thursday February 02 2017, @02:27PM
Everybody Wants Some: 83
Arrival: 81
Silence: 79
Fences: 78
10 Cloverfield Lane: 76
Florence Foster Jenkins: 71
Star Trek Beyond: 68
Allied: 60
Whiskey Tango Foxtrot: 57
13 Hours: 48
Jack Reacher: 47
Be Somebody: no metascore, but http://www.imdb.com/title/tt5512872/ratings makes it look like it's pretty bad (you can almost always ignore thosewho give 1 and 10)
Office Christmas Party: 42
Teenage Mutant Ninja Turtles: 40
Ben Hur: 38
Zoolander 2: 34
Which looks like the same amount of dross, a similar amount of mediocre, but a whole bunch of pretty damn good. This makes Sony look bad, as predicted - good call!
Someone else can do another studio...
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves