Sony’s Amy Pascal Says Studio Will Trim Film Slate

Amy Pascal
Michael Buckner/Getty Images

Sony’s Amy Pascal said that the studio would reduce its film output, trimming its slate as it looks to boost profits.

At an investor conference on the studio lot on Thursday that focused on the studio’s entertainment assets, Pascal said that output would be “closer to 18” movies per year going forward, from the “low 20s” in recent years. She said that the studio would release four movies next summer, down from nine this year.

Pascal also outlined the ways that the film division has trimmed back first-look deals as well as first-dollar gross deals with talent. She said that the studio has been seeking a “more equitable balance between risk and reward.” She also said that the studio has been averaging about $100 million per year in savings from taking advantage of government production tax incentives.

Pascal also highlighted a film slate that includes next installments of “Spider-Man” in 2016 and 2018; the next adaption of Dan Brown’s book, “Inferno;” “Angry Birds;” and a new “Popeye,” among other projects.

Pascal highlighted the studio’s ability to foster relationships with talent early in their careers — like Seth Rogen — that led to a plethora of projects.

She said that they have also raised their profit thresholds in greenlighting movies, something that has “raised our standards of success.”

“We look at every single component of every film’s economics,” she said. That includes directors, where “we won’t work with directors any more who are unable to respect the budgets of our films.”

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  1. Miles says:

    Amy is one of the most hard working vets in show biz history. She is a brilliant woman who juggles and tackles every obstacle thrown at her. Her sensibilities, taste and value are sooooo needed in Hollywood to keep Hollywood alive and thriving. All that needs to happen is communication but not this kind of bs online and in the tabloids. NONSENSE. I think Dan Loeb spends a lot of other people’s money in an obscenely greedy way. Thank god for others people’s $ right??? ;). Sorry Loeb, karma is karma…there is a balance in life.

  2. Tyler Durden says:

    Sounds like a dig at Fincher. Nobody wants a Dragon Tattoo sequel without DF at the helm.

  3. Mike Branson says:

    Sony won’t work with directors that don’t respect the budget. Obviously she is referring to Roland Emmerich. The original budget for White House Down was only $75 million, but Sony let Emmerich run it up to $150 million.

  4. harry georgatos says:

    With the case of most Hollywood studios they put all the money in production values in their movies but develop screenplays that play to people with the brainpower of a peanut. 70% of movies pander to the lowest common denominator with a bland teen mentality. Movies have to be inventive in the script stage were all the problems originate for most studios.

  5. grammarguy says:

    Can they just let go of Amy Pascal… run the show from overseas like they already have been doing for over a decade and stop pretending she’s anything more than a middle-management mouthpiece. That’ll save them millions of dollars right there.

  6. No mention of “Ghostbusters 3”?

  7. Michael Anthony says:

    Just hearing the title “Popeye” makes me immediately think it will be a bomb.

  8. Vancouver Post says:

    Amy –

    Do your Post finishing work in Vancouver like they did on Elysium and take it off the lot. You can save millions without sacrificing quality. It works for Imageworks!

  9. Nanny Mo says:

    How about make better stuff that middle America wants to see? If you make less of the same old stuff that’s losing you money, will you make more or less in the end? It’s leaders like this that sink the ship in the end.

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