Sony Pictures is not for sale according to Sony Group CEO Yoshida Kenichiro. In an interview with the Financial Times (via Variety), Yoshida said:
“There is drastic realignment in the media industry, but I think our strategy of creating content as an independent studio while working with various partners will work.”
Of course this is due to many studios beginning to merge together to form these powerhouses of media. Disney’s purchase of Fox. Amazon is buying MGM, and we have AT&T merging with Discovery also. So Sony is taking a different approach here and the concern is that they won’t be able to compete with the big companies who are left.
Let me be frank. I’d love to see Sony sell their studio assets off. In fact that’s exactly what I was hoping would happen. Sony could sell off their IP’s to the highest bidders even rather than the whole studio. Make their shareholders rich, and go back to being a tech company. Sony are in my opinion a poorly run studio. However, it seems, for now at least, Sony are sticking to their own plan.
Recent deals have seen Sony lease it’s content within different windows to both Netflix and Disney+. This avoids Sony having to try and make their own streaming service which would be surely doomed to fail.
“I think the reason we were able to sign good deals with Netflix and Disney is because they were attracted to our PlayStation Productions pipeline. We can strengthen our ability to create content through such group-wide collaboration,” Yoshida said.
Goddammit Sony, you had one job! Ok, Sony’s job is to service their shareholders pocket books, but come on. Surely someone else can see the benefit in a huge cash injection and leave your self with a smaller, more focused business to run? Sony just doesn’t get the movie business for me. However, I’d be lying if I didn’t admit that their Marvel dealing are what peeves me off the most.
Sony Pictures is not for sale! You can all lament that decision in the usual place below.