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Sony Pictures' Status as Independent Content Provider Is Paying Off in Streaming Wars, CEO Tony Vinciquerra Says

Sony Pictures' Status as Independent Content Provider Is Paying Off in Streaming Wars, CEO Tony Vinciquerra Says

Tony Vinciquerra claims that Sony Pictures remains in the ‘strongest possible position,’ as evidenced by its ability to provide content to any platform.

By Reuters | Updated: 24 May 2023 14:39 IST

Sony Pictures' Status as Independent Content Provider Is Paying Off in Streaming Wars, CEO Tony Vinciquerra Says

Photo Credit: HBO

Hits from Sony Entertainment on streaming platforms include The Last Of Us on HBO Max

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Highlights

Companies have spent billions on programming to feed streaming services
Sony hits include Cobra Kai on Netflix, and For All Mankind on Apple TV+
Sony also owns anime streaming service Crunchyroll

Sony said on Wednesday that its status as an independent provider of content to streaming services is paying off at a time when platform operators are coming under pressure to demonstrate profitability.

“Our decision years ago to stay out of the crowded general streaming space and instead become the become the industry's leading independent content supplier was clearly the right choice,” Tony Vinciquerra, CEO of Sony Pictures Entertainment, told an investor briefing.

Hits from the Japanese tech entertainment conglomerate on streaming platforms include The Last Of Us on HBO Max, Cobra Kai on Netflix, and For All Mankind on Apple TV+.

HBO’s the Last of Us Series’ Success Drives Sony Gaming Sales

Conglomerates have spent billions on programming to feed their streaming platforms but are under scrutiny from Wall Street as the focus shifts from subscriber growth to profitability.

That is leading to pressure on production budgets with streaming platform operators also looking at repositioning as content suppliers.

“Sony Pictures remains in the strongest possible position as evidenced by our ability to provide content to any and all partners and platforms,” Vinciquerra said.

Watch the Final Trailer for The Flash, Out June 16

Sony owns anime streaming service Crunchyroll as it looks to capitalise on growing global enthusiasm for such content following the success of series such as Demon Slayer.

Higher Crunchyroll sales along with more theatrical releases as consumers return to cinemas are forecast to drive an 11 percent growth in sales to 1.52 trillion yen ($11.26 billion, or roughly Rs. 93,128 crore) this year with operating profit roughly flat year-on-year.

Upcoming movie releases include Ridley Scott's Napoleon which will screen in theatres before streaming on Apple TV+.

The Last of Us Season 1 Review

© Thomson Reuters 2023

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For All Mankind Season 3

Release Date 10 June 2022
Genre Drama, Sci-Fi
Cast
Joel Kinnaman, Michael Dorman, Sarah Jones, Shantel VanSanten, Jodi Balfour, Wrenn Schmidt, Sonya Walger, Krys Marshall, Cynthy Wu, Casey W. Johnson, Coral Peña
Director
Andrew Stanton, Dan Liu
Producer
Ronald D. Moore

Cobra Kai Season 5

Release Date 9 September 2022
Genre Action, Comedy
Cast
Ralph Macchio, William Zabka, Courtney Henggeler, Xolo Maridueña, Tanner Buchanan, Mary Mouser, Jacob Bertrand, Gianni DeCenzo, Martin Kove, Peyton List, Vanessa Rubio, Thomas Ian Griffith
Director
Jon Hurwitz, Hayden Schlossberg
Producer
William Zabka, Ralph Macchio, Will Smith, James Lassiter, Caleeb Pinkett, Susan Ekins, Josh Heald, Jon Hurwitz, Hayden Schlossberg, Katrin L. Goodson, Bob Wilson

Napoleon

Release Date 22 November 2023
Language English
Genre Action, Biography, Drama, History
Cast
Joaquin Phoenix, Vanessa Kirby, Tahar Rahim, Ben Miles, Ludivine Sagnier, Matthew Needham, Youssef Kerkour, Phil Cornwell, Edouard Philipponnat, Ian McNeice, Paul Rhys, John Hollingworth, Gavin Spokes, Mark Bonnar
Director
Ridley Scott
Producer
Ridley Scott, Mark Huffam, Kevin J. Walsh

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Further reading: Sony Pictures, Sony Pictures Entertainment, Sony, Tony Vinciquerra, Apple TV Plus, Netflix, HBO, HBO Max, The Last of Us, For All Mankind, Cobra Kai