Sony Pictures Entertainment chairma-CEO Tony Vinciguerra figures Taylor Swift: The Eras Tour could gross $200 million, calling it a “massive, unexpected rescue” for movie theaters as Hollywood strikes have led to shifting release dates and slowed the production pipeline, casting a damper on this year’s vigorous box office recovery.
“The exhibitors are our friends there’s such a symbiosis between our business and the exhibitors,” he said during a Q&A at the BoFA media conference. “It is a very big concern that in… early to mid-2024, if we don’t end the strikes at some point, that there will not be a lot of films around.”
And yes, after that there could be a crush. “Once we do end the strikes, which will happen obviously, there’s going to be a gold rush to get actors and producers and directors back in production.”
He said Sony has several films that are about ready, just “need a little more work, and once they’re done, will be in theaters. And I think other…studios have the same situation. So there will be a moment in time, like early second, third quarter this year where there were a lot of films in theaters, we will probably have that again.”
“But that’s not the terrible thing. The terrible thing is not having films in the theaters.”
More to come…