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Sony Executives Call Hybrid Theatrical and Digital Release Model Devastating for Film Industry

Sony executives have shared their criticisms on day-and-date releases during this week’s CinemaCon, which returned as an in-person event in Las Vegas this year. During their spot as the convention’s first presenters on Monday night, the studio’s leaders denounced the hybrid theatrical and digital distribution as devastating to the film industry, Deadline is reporting. During…

Crunchyroll and Funimation Will be Combined after Sony Acquisition

Sony has confirmed it officially acquired anime giant Crunchyroll from AT&T in a deal worth almost $1.2 billion. According the official site of Sony Funimation, the pact, which was announced in December and finalized Monday, brings the 15-year-old Crunchyroll under the same roof as Sony’s own anime division, Funimation. The former competitors will be combined,…

Sony CEO Kenichiro Yoshida Has No Planned SVOD Or Studio Sale

On the heels of news breaking that MGM is being acquired by Amazon for a whopping $8.45 million, Sony Group CEO Yoshida Kenichiro has clarified that his company – and any parts of it – are not going to be sold. This means that it won’t have its content funneled to one specific streaming service,…

Netflix and Sony Pictures Ink Multi-Year Exclusive Streaming Deal

In a banner year in which Netflix has already vowed to premiere a new original film each week, the streamer is on track to continuing its conquering of the industry with a major new partnership with Sony Pictures. In the deal, films put out by Sony in 2022 and beyond will head exclusively to Netflix…