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NY Post: Sony considering potential sale of film and TV operations

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XiaNaphryz

LATIN, MATRIPEDICABUS, DO YOU SPEAK IT
http://nypost.com/2017/01/19/sony-is-weighing-a-sale-of-film-tv-business/

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.
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I

inner-G

Banned
XiaNaphryz said:
“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.
Click to expand...
Welp, wrap it up boys. Sony had a good run.
 
D

DUFFMCWALIN

Member
“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.
Click to expand...

Lol Jesus Fucking Christ.

What was the last good Sony blockbuster?
 
D

Deleted member 465307

Unconfirmed Member
“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.
Click to expand...

...
 
L

LakeEarth

Member
Pointless thread. The Emoji Movie is clearly going to be a billion dollar movie and will spawn a franchise that will remain fresh for decades to come.

;)
 
Tom Nook

Tom Nook

Member
“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.
Click to expand...

f5yiWCl.gif
 
H

HeartlessNobody213

Member
Possible but I think if Spidey is a massive hit I doubt they will sell. Plus they still have the rights to Bond I think. Spectre wasn't as good and didn't make as much money but I think it still made over $800 million.

With Sony, I think they need to focus on good lower budget films instead of giving movies like Ghostbusters high budgets.

Edit: forgot the Bond rights went up for auction after Spectre was released.
 
CassidyIzABeast

CassidyIzABeast

Member
”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.
Click to expand...

This is like a movie scene where somebody says, "I'm telling you, this Emoji movie is gonna be huge!" and they cut to everybody putting stuff in boxes after the sure thing fails in epic fashion.
 
S

SchrodingerC

Member
“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.
Click to expand...

Out of all the movies to hinge your studio on...
 
T

TimeEffect

Member
CassidyIzABeast said:
This is like a scene movie where somebody says, "I'm telling you, this Emoji movie is gonna be huge!" and they cut to everybody putting stuff in boxes after the sure thing fails is epic fashion.
Click to expand...

It looks terrible but I think we're underestimating how many millenials are going to love it
 
K

kmax

Member
I was once against the idea. Sony has been an integral part of the film industry for such a long time, and it would be sad to see that go away.

However, their output has been horrendous, so it's hard to justify why they still should have it sticking around. Especially for a struggling company like Sony.
 
H

HideyoshiJP

Member
dbztrk said:
I'm pretty sure a Chinese bank/firm will buy them up.
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The amount of Chinese film company logos I've seen this year surprised me. It feels like China will soon own half of Hollywood.*

*I don't mean to say this in a positive or negative way. It doesn't affect me, really.
 
A

Abounder

Banned
HideyoshiJP said:
The amount of Chinese film company logos I've seen this year surprised me. It feels like China will soon own half of Hollywood.*

*I don't mean to say this in a positive or negative way. It doesn't affect me, really.
Click to expand...

It's like Back to the Future 2 except China is king

Anyway godspeed, maybe we'll get another Ghobusters reboot LUL
 
A

AgentChris

Member
This is New York Fake News. The most important movie I think for Sony will be the animated Spider-Man. If they knock it out of the ballpark then they can setup a real Spideyverse in the animated realm.
 
J

jellies_two

Member
I actually like it when I see "Sony Pictures Classic" ever since it preceded lost in translation, it more often than not indicates a quality film.
 
L

Lifeline

Member
They should wait till after Spider Man makes over a billion at the box office. Animated Spider-Man would do really well too. Don't really see why they wanna sell after the spider-man deal.
 
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