Sony Pictures Moves Movie Output Deal From Starz to Netflix in Rich Pact

Sony sold 3.3 million PlayStation 5 consoles in the final quarter of fiscal 2020, bringing its full-year tally up to 7.8 million. That helped offset what the Japanese company referred to as a “significant decrease in sales” at Sony Pictures.Sticking with the good news at gaming, Sony now touts a PlayStation Plus subscriber count of 47.6 million, which is up nearly 15% from last year.Sony’s operating income for the final quarter was 342.2 billion yen.

Refresh for latest…: Sony Pictures Entertainment saw its full-year 2020 profits rise 21%, to $762M, despite a 25% decrease in sales to $7.2B. Both are results of the impact of the coronavirus. With movie theaters shut around the world for a large portion of the year, and amid a production slowdown, revenues were affected. Conversely, lower spend on theatrical marketing and higher home entertainment sales had a positive effect on profits.

After starting the year off strong with a trailer for all of 2021, Netflix has come out with its new summer slate as well as a sizzle trailer to go along with it.

th collaboration between El Deseo and Sony Pictures Classics. It also reunites the filmmaker with longtime collaborators Cruz, Serrano and de Palma.“Madres Paralelas” is a drama that centers on three mothers, portrayed by Cruz, Gijón and Smit.

Sony Pictures Classics has taken all rights in North America, Australia and New Zealand to Pedro Almodóvar’s Madres Paralelas, repping the 13th collaboration between the distributor and the filmmaker’s production company El Deseo. Production began last month on the film in Madrid. The movie also reunites the director with longtime collaborators Penélope Cruz, Julieta Serrano and Rossy de Palma.

Manori Ravindran International EditorSony Pictures Classics has swooped for Pedro Almodóvar’s Penelope Cruz-fronted “Madres Paralelas” in North America, Australia and New Zealand.Production on the film began last month in MadridProduced by Agustín Almodóvar and Esther García through Almodóvar’s production company El Deseo, “Madres Paralelas” marks the 13th collaboration between El Deseo and Sony Pictures Classics.

Cynthia Littleton Business EditorDisney has set a massive movie licensing pact with Sony Pictures for the U.S. that promises to bring Spider-Man and other Marvel properties on Disney Plus starting with Sony’s 2022 release slate.The wide-ranging deal also calls for Sony titles to run across Disney’s array of streaming and linear platforms, making it unprecedented in scope.

Leo Barraclough International Features EditorLondon-based film sales and financing house Embankment Films has closed a major international deal for “Joyride,” starring Olivia Colman, who is Oscar nominated for Florian Zeller’s “The Father,” another of Embankment’s titles.

Mare of Easttown: returns to television in this thrilling new series about a murder that rocks a small Pennsylvania town. Evan Peters costars.

Sony Pictures Classics will open Ty Roberts’ 12 Mighty Orphans on June 11 in New York and Texas with a wider expansion on June 18.

Faced with theater closures amid the pandemic, studios adjusted on the fly in 2020 and sold off theatrical titles to streaming services. Lionsgate offloaded horror title Run to Hulu while Paramount dished The Trial of the Chicago 7 to Netflix and Coming 2 America to Amazon Studios, among other films.

EXCLUSIVE: The Tiffany Haddish and Billy Crystal dramedy Here Today has been picked up by Sony Pictures Worldwide Acquisitions’ Stage 6 Films and will open in theaters on May 7.

Naman Ramachandran Sony Pictures Films India has tapped emerging local talent to spearhead its burgeoning Bollywood slate, while simultaneously making moves to aggressively grow its Hollywood footprint.The studio has handed Aakash Bhatia (Amazon series “Inside Edge”) a feature directorial debut with “Looop Lapeta,” the Indian adaptation of “Run Lola Run,” starring Taapsee Pannu and Tahir Raj Bhasin.

In the early 90s, we didn’t have Starbucks and Pearl Jam was still known as Mookie Blaylock. Huh? We didn’t use the Internet for everything (yet), and AOL was king.

EXCLUSIVE: Former Pearl Studio Head of Development Justinian Huang has joined Sony Pictures Animation as VP of Creative.

Unlike Disney, NBCUniversal and ViacomCBS, Sony notably has not launched a direct-to-consumer streaming service to compete with Netflix. Instead, the studio is cementing its future in a major deal with Netflix.

Netflix and Sony Pictures Entertainment have set a significant new licensing deal giving the streaming giant an exclusive window for the studio’s theatrical titles starting in 2022.

Sony Pictures Entertainment and Amazon Falls announced today that they have closed a deal to develop a 14-acre prime location in the seaside town of Bangsaray, Thailand, as Aquaverse, the world’s first Columbia Pictures theme and water park.