Sony’s Amy Pascal Says Studio Will Trim Film Slate

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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