Driven by Tarantino and Spider-Man, Sony Earnings Prove Originals Shouldn’t Be Shut Out

In its earnings report released Wednesday, Sony Corp. delivered very good news about its film operation: Sony Pictures enjoyed a third-quarter profit of $366 million, up from $3 million the quarter before. And Sony’s earnings boost came from a striking balance: The box-office performance of “Spider-Man: Far from Home” and Quentin Tarantino’s “Once Upon a Time in Hollywood.”

As the debate over original films vs. superhero movies rages on, Sony’s success suggests that the impending demise of original filmmaking may be exaggerated. In fact, as Disney’s reign as franchise king continues, competitors are embracing the role that exemplary original films with A-list talent can play on their balance sheet.

“The event nature of having Leo and Brad [Pitt] and Margot [Robbie] in ‘Once Upon a Time in Hollywood’ was essential,” Sony Motion Pictures Chairman Tom Rothman said in a recent interview. “You had to make a great movie … but that
See full article at Indiewire »

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