CEO: Sony Pictures Sitting on Theatrical Sidelines Until 2021

For Sony Pictures Entertainment, the Jan. 17 theatrical release of the sequel Bad Boys For Life will be as good as it gets at the 2020 box office. The Will Smith-Martin Lawrence starrer generated more than $424 million at the pre-COVID-19 global box office — and was released, digitally, to home audiences on March 31.

Speaking Sept. 9 on the Bank of America Securities Virtual Media, Communications & Entertainment Conference, studio chairman/CEO Tony Vinciquerra said releasing a big-budget movie as theaters slowly re-open from the coronavirus pandemic shutdown is fiscally irresponsible.

“What we won’t do is make the mistake of putting a very, very expensive $200 million movie out in the market unless we’re sure that theaters are open and operating at significant capacity,” Vinciquerra said.

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Sony’s major theatrical slate, which includes Venom: Let There Be Carnage, Fatherhood, Morbius, Ghostbusters: Afterlife, Escape Room 2 and Connected have all been pushed back to 2021.

Warner Bros. has been the first major studio to test the post-COVID-19 waters at the box office, releasing Christopher Nolan’s espionage thriller Tenet on limited domestic screens last weekend following an international launch. The movie generated $20.3 million in ticket sales without theaters in California and New York, bringing the movie’s global tally to nearly $150 million.

Vinciquerra said Sony this weekend would release in theaters smaller-budget film Broken Hearts Gallery, a romantic comedy from first-time director Natalie Krinsky and executive producer Selena Gomez. The studio has generated strong home entertainment revenue from Bad Boys For Life and Jumanji: The Next Level.

“You’ll see a lot of strange things happen over the next six months in how films are released, how they’re scheduled, how they’re marketed, but once we get back to normal, we will have learned a lot I think and found ways to do things that are somewhat different and hopefully better,” Vinciquerra said.

Sony Pictures Ups Q1 Home Entertainment Revenue 60%; Corporate CFO Hints at Future PVOD Releases

To observers of weekly home video charts during the pandemic, a common denominator is Sony Pictures Home Entertainment. Parent Sony Corp. Aug. 4 revealed SPHE’s chart prowess is real to the bottom line as well.

The home entertainment studio generated $319 million in first-quarter (ended June 30) revenue, which was up 59.5% from revenue of $200 million during the previous-year period.

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Top-selling/renting titles in the quarter included Bad Boys For Life and Jumanji: The Next Level.

While Sony Pictures generated just $6 million at the box office due to theater and production shutdowns caused by COVID-19, the studio reported operating income of $230 million, which was up 760% from $3 million in the previous-year period. Revenue topped $1.6 billion, on par with last year’s fiscal period, but lower marketing costs from the absence of theatrical releases contributed to the higher profit margin.

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Another overachieving business segment (besides home entertainment) was television production, which generated revenue of $597 million, up 41% from revenue of $422 million a year ago. The studio had 31 series in broadcast, syndication and streaming in the quarter, including “Better Call Saul,” “Shark Tank” and “Indebted,” among others.

On the fiscal call from Tokyo, Sony Corp. CFO Hiroki Totoki said that while Sony Pictures remains committed to the box office, changes in theatrical distribution due to the pandemic will impact studio financial results for the next three years. As a result, Sony Pictures is looking at alternatives, including premium VOD.

“Digital sales of products we have released theatrically in the past are strong,” Totoki said. “For Sony, the importance of theatrical releases is not expected to change going forward. But in order to maximize the long-term value of our product, we will select the optimal distribution channel for our product based on the nature, scale and timing of the product.”

In other words, should theatrical re-openings produce lackluster consumer response, Sony would opt for direct-to-consumer movie distribution. Totoki contends Sony can minimize theatrical uncertainty through enhanced TV show production.

“If we can restart production, we think we can recover our position in the television production area relatively quickly because demand for content from digital distribution services is extremely high, and we think we can leverage our advantage as a major independent studio,” he said.

‘Sonic the Hedgehog’ Most-Watched Movie in Homes for Third Straight Week

Paramount Home Entertainment’s Sonic the Hedgehog remained on top of the “Watched at Home” chart for the week ended June 6, its third consecutive week at No. 1.

With the COVID-19 production halts and movie theater closures beginning to impact the home entertainment pipeline, a lack of high-profile new releases is finding older releases dominating the weekly chart, which tracks transactional video activity compiled from studio and retailer data through DEG: The Digital Entertainment Group.

Sonic the Hedgehog, based on a popular video game franchises, first hit No. 1 on the chart three weeks ago after it was released on Blu-ray Disc and DVD. Sonic earned $146 million at the domestic box office before theaters shut down in mid-March due to governmental shutdown orders intended to flatten the curve of new COVID-19 cases. Earlier this week, the National Association of Theatre Owners (NATO) said it expects upwards of 90% of movie screens in the world to re-open by July 17.

Sonic was released digitally on March 31 for digital purchase only.

Universal Pictures’ The Invisible Man remake also remained at No. 2 on the “Watched at Home” chart for the week ended June 6, a position it vaulted into the prior week after its May 26 release on Blu-ray Disc, DVD and 4K Ultra HD Blu-ray Disc.

The Invisible Man became available through digital retailers on May 12, after appearing as a premium video-on-demand (PVOD) rental at $19.99 on March 16, after movie theaters were shuttered.

The remainder of the “Watched at Home” chart also is largely unchanged from the prior week.

Warner Bros.’ Birds of Prey and the Fantabulous Emancipation of One Harley Quinn and two Sony Pictures releases, Bad Boys for Life and Jumanji: The Next Level, repeated at No. 3, No. 4 and No. 5, respectively.

Walt Disney’s Star Wars: The Rise of Skywalker returned to the chart, at No. 18, after a week-long absence.

New to the chart, at No. 15, is RuPaul’s Drag Race All Stars: Season 5, its popularity buoyed after it debuted on MTV June 5.

Season four of the Adult Swim TV series “Rick and Morty” shot up the chart to No. 10 from No. 16 the prior week. The first appeared on the “Watched at Home” chart the week ended May 9, debuting at No. 17.

  1. Sonic the Hedgehog (Paramount)
  2. The Invisible Man (Universal)
  3. Birds of Prey (Warner)
  4. Bad Boys for Life (Sony)
  5. Jumanji: The Next Level (Sony)
  6. Bloodshot (Sony, 2020)
  7. Fantasy Island (Sony)
  8. The Call of the Wild (Disney, 2020)
  9. Onward (Disney)
  10. Rick and Morty: Season 4 (Warner)
  11. The Gentlemen (STX/Universal, 2019)
  12. 1917 (Universal)
  13. Spies in Disguise (Fox)
  14. Dolittle (Universal)
  15. RuPaul’s Drag Race All Stars: Season 5 (MTV)
  16. Ford v Ferrari (Fox)
  17. Justice League Dark: Apokolips War (Warner)
  18. Star Wars: The Rise of Skywalker (Disney)
  19. Knives Out (Lionsgate)
  20. Harry Potter: The Complete 8-Film Collection (Warner)

 

Source: DEG: The Digital Entertainment Group
Includes U.S. digital sales, digital rentals, and DVD, Blu-ray Disc and 4K Ultra HD sales for the week ended June 6

‘The Invisible Man’ Soars to No. 2 on ‘Watched at Home’ Chart After Blu-ray, DVD Release

Universal Pictures’ acclaimed reimagining of The Invisible Man soared up the weekly “Watched at Home” chart the week ended May 30 after the thriller was released on Blu-ray Disc, DVD and 4K Ultra HD Blu-ray Disc.

The film, whose theatrical run was cut short by the COVID-19 pandemic, shot to No. 2 from No. 14 the prior week on the chart, which tracks transactional video activity compiled from studio and retailer data through DEG: The Digital Entertainment Group.

The Invisible Man became available through digital retailers on May 12, after appearing as a premium video-on-demand (PVOD) rental at $19.99 on March 16, after movie theaters were shuttered.

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The subsequent disc and digital releases include more than 20 minutes of bonus content — including a close-up look at lead actress Elisabeth Moss, feature commentary with writer-director Leigh Whannell, and deleted scenes — that were not included on the PVOD release.

Paramount Home Entertainment’s Sonic the Hedgehog remained at No. 1 on the “Watched at Home” chart. The film, based on a popular video game franchise, captured the top spot the previous week after its release on disc.

Warner Bros.’ Birds of Prey and the Fantabulous Emancipation of One Harley Quinn slipped to No. 3 from No. 2.

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Rounding out the top five on the “Watched at Home Chart” for the week ended May 30 are Sony Pictures’ Bad Boys for Life, repeating at No. 4, and Jumanji: The Next Level, which moved back up the chart to No. 5 from No. 9 the prior week.

Walt Disney’s Onward, catapulted to No. 3 the previous week in the wake of its disc release, fell to No. 7. The studio’s latest Pixar animated feature film has been available since April 3 on the Disney+ subscription streaming service.

  1. Sonic the Hedgehog (Paramount)
  2. The Invisible Man (Universal)
  3. Birds of Prey (Warner)
  4. Bad Boys for Life (Sony)
  5. Jumanji: The Next Level (Sony)
  6. Bloodshot (Sony, 2020)
  7. Onward (Disney)
  8. Fantasy Island (Sony)
  9. The Call of the Wild (Disney, 2020)
  10. 1917 (Universal)
  11. The Gentlemen (STX/Universal, 2019)
  12. Justice League Dark: Apokolips War (Warner)
  13. Dolittle (Universal)
  14. Spies in Disguise (Fox)
  15. The Way Back (Warner, 2020)
  16. Rick and Morty: Season 4 (Warner)
  17. Ford v Ferrari (Fox)
  18. I Still Believe (Lionsgate)
  19. Knives Out (Lionsgate)
  20. Emma (Universal)

 

Source: DEG: The Digital Entertainment Group
Includes U.S. digital sales, digital rentals, and DVD, Blu-ray Disc and 4K Ultra HD sales for the week ended May 30.

‘Bad Boys For Life’ Back Atop U.K. Home Entertainment Chart

Sony Pictures Home Entertainment’s Bad Boys For Life returned to the top of the Official Film Chart for the week ended June 3 in the United Kingdom following its release on DVD, Blu-ray and 4K UHD.

The title sold 62,000 copies, 62% of which are on disc, the Will Smith and Martin Lawrence-threequel knocks the previous week’s chart topper 1917 back to second spot.

Little Women reaches a new peak of Number 3 following its release on disc, as Onward drops one to Number 4. The Charts also ranked a new boxset featuring all three Bad Boys films (Bad Boys, Bad Boys II and Bad Boys For Life) makes its debut at No. 5.

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Star Wars: The Rise of Skywalker lands at No. 6, as Universal Pictures Home Entertainment’s Cats and Disney’s Frozen 2 held their positions at No. 7 and No. 8, respectively.

A Beautiful Day in the Neighborhood, the biopic of American TV’s Fred Rogers starring Tom Hanks, debuted at No. 9. The film follows the story of the TV personality Mister Rogers and his friendship with a sceptical journalist (Matthew Rhys), as his empathy and kindness teaches the writer to reconcile with his own past.

Sony Pictures’ Jumanji: The Next Level was No. 10 in its ninth week.

‘Sonic the Hedgehog’ Tops in Home Viewership After Blu-ray Disc, DVD Release

Five movies generated significant gains in home viewership after their May 19 release on Blu-ray Disc and DVD, led by Paramount Home Entertainment’s Sonic the Hedgehog, which soared to No. 1 on “Watched at Home” chart for the week ended May 23, up from No. 5 the prior week.

The film, based on a popular video game franchise, has been in the top five of the weekly chart — which tracks transactional video activity compiled from studio and retailer data through DEG: The Digital Entertainment Group — ever since its early digital release on March 31.

Walt Disney’s Onward, the studio’s latest Pixar animated feature film, reappeared on the chart at No. 3, also after its release on disc — and in spite of the fact that it has been available since April 3 on the Disney+ subscription streaming service. The film was one of several high-profile movies that was given an early digital release in mid-March after the pandemic-induced shutdown of movie theaters. Onward spent just two weeks in theaters prior to its March 20 digital release.

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Two other films, both from Warner Bros., that returned to the chart after their May 19 release on disc are Justice League Dark: Apokolips War (No. 6) and The Way Back (No. 17).

Universal Pictures’ Emma., also new to Blu-ray Disc and DVD, debuted on the chart at No. 15.

Warner Bros.’ Birds of Prey and the Fantabulous Emancipation of One Harley Quinn, No. 1 the prior week, slipped to No. 2.

Rounding out the top five on the “Watched at Home Chart” for the week ended May 23 are Sony Pictures’ Bad Boys for Life at No. 4 and Bloodshot at No. 5, down from No. 2 and No. 3, respectively.

  1. Sonic the Hedgehog (Paramount)
  2. Birds of Prey (Warner)
  3. Onward (Disney)
  4. Bad Boys for Life (Sony)
  5. Bloodshot (Sony, 2020)
  6. Justice League Dark: Apokolips War (Warner)
  7. The Call of the Wild (Disney, 2020)
  8. Fantasy Island (Sony)
  9. Jumanji: The Next Level (Sony)
  10. The Gentlemen (STX/Universal, 2019)
  11. I Still Believe (Lionsgate)
  12. 1917 (Universal)
  13. Dolittle (Universal)
  14. The Invisible Man (Universal)
  15. Emma. (Universal, 2020)
  16. Star Wars: The Rise of Skywalker (Disney)
  17. The Way Back (Warner, 2020)
  18. Spies in Disguise (Fox)
  19. Ford v Ferrari (Fox)
  20. Knives Out (Lionsgate)

 

Source: DEG: The Digital Entertainment Group
Includes U.S. digital sales, digital rentals, and DVD, Blu-ray Disc and 4K Ultra HD sales for the week ended May 23

DVD Format Getting Pandemic Boost

The boost in home entertainment options stemming from the stay-at-home phase of the coronavirus pandemic has apparently sparked a slight resurgence from an old friend: good ol’ DVD.

The 23-year-old standard-definition disc format has seen rapid declines for more than a decade with the rise of high-definition disc, digital delivery and streaming options. But the three-week period from April 19 to May 9 saw sales of film and TV content on DVD post the format’s best year-over-year showing in nearly seven years.

In the weeks ended April 25, May 2 and May 9, 2020, the DVD format posted revenue gains of 13%, 15% and 15.2%, respectively, compared to the similar time frame from a year ago, according to data obtained by Media Play News research. Unit sales during the three weeks were up 10%, 14.4% and 13%, respectively.

Put another way, for the three-week period as a whole, the DVD format was up 14.4% in revenue and 12.5% in unit sales compared with the same three weeks a year ago.

For perspective, the high-definition Blu-ray format was up 9.6% in revenue and 7.4% in units the week ended April 25, but down 4% and 7.7% in revenue, and 6.2% and 9.5% in unit sales the subsequent two weeks, as DVD was rising. For the three weeks, Blu-ray was down 0.8% in revenue and down 2.9% in units sold.

The top title for the weeks ended April 25 and May 2 was Bad Boys for Life, and for May 9 it was Bloodshot, both Sony Pictures releases. The charts were also boosted by lingering performance from earlier hit releases such as Disney’s Star Wars: The Rise of Skywalker and Sony’s Jumanji: The Next Level.

In terms of revenue, this is the first time DVD saw yearly gains two weeks in a row since April 2014, when Frozen was driving industry sales. It’s the first three-week gain since late-August 2012, when The Hunger Games and Battleship were the top titles.

From the perspective of unit sales, it marks the first two-week year-over-year gain just for DVD since Star Wars: The Force Awakens hit the charts in April 2016. And it’s the first three-week gain since the Christmas season in 2012.

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The recent spike may owe to a variety of factors beyond a renewed interest in home entertainment from citizens waiting out the pandemic at home. Streaming services and digital sales were on the rise prior to the pandemic, and shelter-in-place orders only aided their momentum. According to the NPD Group, even DVD and Blu-ray players have seen sales gains compared with last year around this time.

An increase in just the older DVD format could be the result of an increase in impulse bargain bin buys during grocery runs, especially at stories such as Walmart and Target where $5 catalog DVD sections are common. However, the average cost of a DVD is actually up 1.74% during the three-week period, indicating sales of the newer titles are significantly contributing to the surge.

Also, the selection of titles offered during the comparable period in 2019 seems to have been especially weak compared with now. The box office performance of titles released during the three-week period is up 25% over the same period a year ago, though most of that owes to Bad Boys for Life.

The top titles from the year-ago period were the second week of Glass, the sixth week of Aquaman, and the debut of The Lego Movie 2: The Second Part.

It also seems that the recent top releases have audiences that prefer the DVD version compared with other big-screen hits. For example, Bad Boys for Life during the three weeks saw about a 50/50 split between Blu-ray and DVD formats.

Compare this with movies such as Star Wars: The Rise of Skywalker or Frozen II, which each saw more than 70% of their unit sales for their first three weeks on shelves come from Blu-ray formats. Bad Boys for Life hews more toward the Blu-ray performance of Hobbs & Shaw (55% Blu-ray its first three weeks) or Jumanji: The Next Level (54%). Bloodshot’s first-week Blu-ray share was 57%.

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The gains by DVD also pushed overall disc revenue and unit sales (DVD and Blu-ray combined) in the respective weeks up over the comparable week the previous year. it’s the first three-week year-over-year overall revenue gain since March 17 to 31, 2018, when Justice League, Jumanji: Welcome to the Jungle and Star Wars: The Last Jedi arrived to market in consecutive weeks. And it’s the first three-week overall unit gain since Force Awakens and The Revenant were driving sales to a four-week uptick in April 2016.

For 2020 as a whole, though, DVD remains down about 18.5% in revenue and 20.5% in units sold compared with the same period in the previous year. DVD and Blu-ray combined is down about 19.5% in revenue from the previous year and 21% in unit sales.

In the second quarter so far, however, DVD is only down about 9.7% in revenue and 8.8% in units sold compared with the previous year. In the first quarter, DVD was down about 22.3% in revenue from the first three months of 2019, and down 25.3% in revenue during that same period.

For comparison, Blu-ray Disc is down 12.8% in revenue and 17.7% in unit sales in the second quarter compared with the year-ago period. In the first quarter, Blu-ray was down 23.5% in revenue and 24% in units sold.

Sales Report for Week Ended 5-9-20
Sales Report for Week Ended 5-2-20
Sales Report for Week Ended 4-25-20

It’s ‘Bad Boys for Life’ in the U.K.

Sony Pictures Home Entertainment’s Bad Boys For Life debuted as the No. 1 home entertainment release (physical/digital) in the United Kingdom for the week ended May 20, according to the Official Film Chart.

The third installment in the action franchise starring Will Smith and Martin Lawrence knocked the previous week’s champ, 1917 (eOne), to No. 2, while holding off Disney/Pixar’s Onward in the third spot and Sony Pictures’ chart newcomer Little Women in fourth place.

Directed by Greta Gerwig and starring Emma Watson, Saoirse Ronan, Florence Pugh and Eliza Scanlen, the newest adaptation of Louisa May Alcott’s novel was nominated for six Oscars, winning Best Costume Design.

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Another new release, Bombshell (at No. 8 from Lionsgate U.K.) stars Nicole Kidman, Charlize Theron and Margot Robbie as female TV reporters/presenters who take on the late Roger Ailes (John Lithgow) and a culture of alleged sexual harassment at Fox News.

Rounding out the Top 10 were Jojo Rabbit (Disney/Fox) at No. 5, Star Wars: The Rise of Skywalker (Disney/Lucasfilm) at No. 6, and Frozen II (Disney) at No. 7. Sony Pictures’ Jumanji: The Next Level finished in ninth, followed by The Gentlemen (EIV) at No. 10.

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‘Bloodshot,’ ‘I Still Believe’ Race Up ‘Watched at Home’ Chart in Wake of Blu-ray Disc, DVD Release

Sony Pictures’ Bloodshot shot to the top of the “Watched at Home” chart the week ended May 9, its home viewership skyrocketing after the horror film’s release on Blu-ray Disc and DVD.

Bloodshot soared to No. 1 from No. 13 the previous week, bumping another Sony Pictures release, Bad Boys for Life, to No. 2 on the chart, which tracks transactional video activity compiled from studio and retailer data through DEG: The Digital Entertainment Group.

Bloodshot, a superhero film based on the Valiant Comics character of the same name, was one of four movies to find a significantly broader audience due its availability on disc.

Lionsgate’s I Still Believe, a faith-based musical romantic drama based on the life of contemporary Christian music singer-songwriter Jeremy Camp and his first wife, Melissa Lynn Henning-Camp, who was diagnosed with ovarian cancer shortly before they married, debuted at No. 6 on the weekly chart.

Another Lionsgate release, Arkansas, a thriller starring Vivica A. Fox, John Malkovich and Vince Vaughn, bowed at No. 13, while Warner Bros.’ Gretel & Hansel, the latest horror film based on the German folk tale, entered the top 20 at No. 14.

All four films because available on disc on May 5.

Paramount Home Entertainment’s Sonic the Hedgehog slipped to No. 3 from No. 2 the prior week, while Sony Pictures’ Jumanji: The Next Level remained at No. 4 for the second week.

Rounding out the top five was Star Wars: The Rise of Skywalker, down two notches from No. 3.

Also new to the “Watched at Home” chart are two Warner Bros. titles:  Justice League Dark: Apokolips War (No. 15), which was released digitally May 5 at a purchase price of $19.99, and season four of the Adult Swim TV series “Rick and Morty” (No. 17).

 

  1. Bloodshot (Sony)
  2. Bad Boys for Life (Sony)
  3. Sonic the Hedgehog (Paramount)
  4. Jumanji: The Next Level (Sony)
  5. Star Wars: The Rise of Skywalker (Disney)
  6. I Still Believe (Lionsgate)
  7. The Gentlemen (STX/Universal, 2019)
  8. Birds of Prey (Warner)
  9. Dolittle (Universal)
  10. 1917 (Universal)
  11. Little Women (Sony, 2019)
  12. Arkansas (Lionsgate)
  13. The Call of the Wild (Disney, 2020)
  14. Gretel & Hansel (Warner)
  15. Justice League Dark: Apokolips War (Warner)
  16. Underwater (Fox)
  17. Rick and Morty Season 4 (Warner)
  18. Like a Boss (Paramount)
  19. Knives Out (Lionsgate)
  20. The Way Back (Warner, 2020)

 

Source: DEG: The Digital Entertainment Group
Includes U.S. digital sales, digital rentals, and DVD, Blu-ray Disc and 4K Ultra HD sales for the week ended May 9

 

‘Bad Boys for Life’ No. 1 Disc Seller for Second Week

Sony Pictures’ Bad Boys for Life remained No. 1 on the NPD VideoScan First Alert chart, which tracks combined DVD and Blu-ray Disc unit sales, and the dedicated Blu-ray Disc sales chart the week ended May 2.

A lack of notable new releases during the week helped the action sequel hold onto the top spot for the second consecutive week by a wide margin.

Likewise, No. 2 on both charts for the second week in a row was Disney’s Star Wars: The Rise of Skywalker, now in its fifth week on disc. It had been No. 1 its first three weeks on shelves.

The week’s top newcomer, at No. 3 on both charts, was Warner’s direct-to-video animated movie Mortal Kombat Legends: Scorpion’s Revenge, the latest adaptation of the “Mortal Kombat” video game. Blu-ray Disc formats accounted for 73% of first-week Mortal Kombat sales, with the 4K Ultra HD edition comprising 10% of its total.

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Jumping up two spots to No. 4 on the overall chart (and No. 6 on the Blu-ray chart) was Sony Pictures’ Jumanji: The Next Level, in its seventh week.

The No. 4 Blu-ray seller, holding its spot from last week, was Well Go USA’s Ip Man 4: The Finale. It dropped two spots to No. 6 on the overall sales chart.

Holding onto the No. 5 spot on both charts was Universal’s Dolittle.

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On the Media Play News rental chart for the week ended May 3, Paramount’s Sonic the Hedgehog took over the No. 1 spot after being made available early for rental on Redbox disc kiosks. The disc won’t be available for sale until May 19.

Bad Boys for Life dropped to No. 2. Universal’s The Gentlemen slipped to No. 3, while Dolittle maintained the No. 4 spot, and Paramounts Like a Boss dropped to No. 5.

Top 20 Sellers for Week Ended 5-2-20
Top 20 Rentals for Week Ended 5-3-20
Top 20 Selling Blu-ray Discs for Week Ended 5-2-20
Top 20 Blu-ray Market Share for Week Ended 5-2-20
Sales Report for Week Ended 5-2-20
Digital Sales Snapshot for Week Ended 5-4-20