Still from Sony’s “Ghostbusters Afterlife.”
Practically every single Sony Photos title owing out in 2020 has been pushed to next yr in the wake of the worldwide coronavirus outbreak.
On Monday, the corporation declared it would debut “Morbius,” “Ghostbusters: Afterlife,” “Uncharted” and “Peter Rabbit 2” in 2021. Theaters across the U.S. and internationally have shuttered and intend to remain closed for at least the up coming two months, if not afterwards into the summer.
“Ghostbusters: Afterlife,” which was slated for July 20, will now arrive in theaters on March 5, 2021. “Morbius” has been pushed from July 31 to March 19, 2021. “Peter Rabbit 2” which had by now been moved once from April to August is now established for Jan. 15, 2021.
The online video sport adaptation of “Uncharted” has also been displaced from its March 5, 2021 day to Oct. 8, 2021 and an untitled Marvel/Sony movie has been delayed from that Oct. 8 date and is now undated.
The only exception is the Kevin Hart drama “Fatherhood,” which was in the beginning set to arrive in January 2021. It has been moved to Oct. 23, 2020. The Tom Hanks’ Earth War II drama “Greyhound” has been taken off the timetable from its June launch and has not been assigned a new day.
Sony’s choices recommend that studios do not count on theaters to be open all over again right until mid-summer time, and underscore that they are continue to fully commited to theatrical releases.
So significantly, only two videos have resolved to go straight to on-need instead of likely to theaters — Universal’s “Trolls Globe Tour” and Paramount Images “Lovebirds.” “Trolls Environment Tour” was originally likely to be at the same time introduced in theaters and at residence prior to all theaters were being shuttered.
It really is not far too astonishing that studios are sticking with theaters. Final 12 months, the North American motion picture theater industry took in $15 billion in revenue, a blend of about $11 million in ticket sales and $4 billion in concessions.
Though the 2020 box workplace is now envisioned to be down a lot more than 24% to $8.6 billion, in accordance to Wedbush estimates, it stays a financially practical investment decision for studios.
Just glimpse at Disney-made films that have been produced previous 12 months. The corporation rang up a lot more than $11.26 billion in ticket revenue at the worldwide box office, $2.8 billion of that arrived from “Avengers: Endgame.” And that would not involve the options from Fox, which it had not long ago obtained.
Disclosure: Comcast is the mum or dad corporation of NBCUniversal and CNBC.