Sony Pictures’ chairman: “The TV/Film Medium Peaked; Games Are The New Growth Area”

This comment is bold from Tony Vinciquerra, who happens to be Sony Pictures’ chairman and CEO…

 

VGC reported about his speech during the Bank Of America Merrill Lynch Media, Communications & Entertainment Conference this month. Here, he got a question if he anticipated any further consolidation in the movie industry.

“I think the traditional medium of television and film has probably peaked, and the new growth area will be the games business, and who’s better positioned than Sony for that business? I do think you’ll see some consolidation on that side. You’ll probably see a little more on our side as well. There are probably too many film studios, and you might see one or two less over the next five to ten years. But I think the next area of consolidation will be the games business,” Vinciquerra said.

He didn’t name what he meant under “that side”, but it’s easy to figure out that he meant PlayStation Studios. In other words, Vinciquerra referenced a sister company within Sony. It underlines what the company has repeatedly expressed: Sony wants to bring both entertainment mediums together, which is why Uncharted, The Last of Us, Ghost of Tsushima, and Twisted Metal will get film/TV adaptations.

Sony is also in a unique position to do it the other way: the company can take Disney’s (Marvel’s) licenses, such as Spider-Man and Wolverine, and then make video game adaptations that can be released exclusively on PlayStation platforms. And Sony has been slowly but steadily expanding its PlayStation Studios portfolio. (Slower than Xbox Game Studios? Yes.)

Their recent addition was Firesprite (which has several projects in development, as we discussed). The next one to join the fold could be Bluepoint Games that Sony accidentally announced via a now-deleted tweet…

Source: PSL

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