Sony Pictures is shutting down its PlayStation Vue streaming television service in the first quarter of 2020. Rising content costs and a plethora of choices have made the service untenable.
The box office in North America was down almost 5% from 2018 even after rising ticket prices, and despite a slew of mega-budget franchise films being released.
In the first three months since becoming the new owner of Fox, Disney has publicly complained about Fox’s weak performance and believes there is more trouble on the horizon.
In 2017, North American theatrical admissions fell to 1992 levels. Admissions in the U.S and Canada dropped 6% to 1.23 billion tickets sold.
Sony Pictures’ co-financing partner, LStar Capital, informed the studio at the last minute that they would no longer invest in Sony’s slate.
Mismanagement of Sony’s film unit over the years has propelled the studio into a downward spiral. Sony is under pressure by investors to sell the film unit.
On Monday, China passed its first law addressing unbridled box office fraud. For years, theatrical corruption has been accepted as a part of doing business.
In an attempt to cash-in on the television boom, eOne is building a greater presence in the U.S. But is eOne’s rush into television too little too late?