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Sony Slashes Full-Year Forecast Citing Movie Division, Drop In Electronics Sales

By | Thursday October 31, 2013 @ 4:19am PDT

A downward revision in expected annual sales of cameras and TVs, and underperformance in the motion picture division have contributed to Sony‘s tweak of its full-year forecast. Net income for the year ending in March 2014 is now eyed at 30B yen ($305.4M) as opposed to the August estimate of 50B yen ($509M). The news compared with a 50.5B yen average of Bloomberg analyst estimates. Overall, total sales were up 10.6% year-on-year, but Sony recorded a net loss of $196M. Operating income was down to $151M, a 51.2% drop. Sales in the Pictures division were up on a yen basis, but down 13% to $1.8B on a U.S. dollar basis due to the depreciation of the yen against the dollar. The drop is partly due to the strength of the period last year, when 21 Jump Street was performing well on home video and the global theatrical run of The Amazing Spider-Man was still goosing the numbers. An operating loss of $181M compares to positive operating income of $80.45M in the same quarter last year and reflects the underperformance of White House Down, Sony said from Tokyo. For the full year, the division is expected to have sales and operating income below the earlier forecast, “primarily due to the underperformance” of the “current year film slate in the current quarter.” The news today follows Sony’s August reporting when the company saw a decrease … Read More »

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Sony Pictures Offers Free Admission To ‘White House Down’ For Active Military And Veterans On July 4

By | Tuesday July 2, 2013 @ 5:13pm PDT

As a thank you to America’s troops, active military personnel and veterans will be admitted with one guest to see Columbia Pictures’ White House Down on July 4 at any Regal Entertainment Group, AMC, Cinemark, or Carmike Cinemas theater, Sony Pictures Entertainment said today. The free admission is available on July 4 only. Those eligible must show proper military ID and seating is available on a first-come, first-served basis. Channing Tatum stars as Capitol Policeman John Cale who’s just been denied his dream job with the Secret Service of protecting President James Sawyer (Jamie Foxx). Not wanting to let down his little girl with the news, he takes her on a tour of the White House, when the complex is overtaken by a heavily armed paramilitary group. It’s now up to Cale to save the president, his daughter, and the country. Roland Emmerich directs from a script by James Vanderbilt.

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Melissa McCarthy Fires Up ‘The Heat’ For #2 And $40M Weekend; #4 ‘White House Down’ Flops For $26M; ‘Monsters U’ Holds For #1

By | Sunday June 30, 2013 @ 10:37am PDT

Box Office White House DownSUNDAY 10:30 AM, 7H UPDATE: It’s already crowded at the pre-Fourth Of July domestic box office which will need to expand in time to accommodate so many movies playing during the holiday. True, total filmgoing this weekend went down -8.5% from a year ago for only $192M. But studios are scrambling to see when the last time all Top Five movies made more than $20+M for the 3-day weekend. On Friday, the order of finish changed hour by hour but then fixed firmly for Saturday and apparently Sunday. Pixar/Disney’s huge hit from a week ago Monsters University is still the strong #1 as families crave toons. But the real story is this weekend’s newcomers: Twentieth Century Fox’s The Heat debuted a big #2 as fan favorite Melissa McCarthy again sets off R-rated fireworks with audiences. But Sony Pictures’ White House Down really disappointed in #4, opening a third less than Hollywood expected and ensuring its high cost will make it impossible to earn out. But the studio is still hoping for a 4x holiday-aided multiple. Both pics received ‘A-’ CinemaScores from audiences to help word of mouth. Top Ten numbers for the weekend are:

1. Monsters University 3D (Pixar/Disney) Week 2 [Runs 4,004] G
Friday $14.2M, Saturday $17.5M, Weekend $46.1M (-44%), Cume $171.0M

Great weekend hold. Easily stayed #1 after the +23% Saturday kiddie bump. But window for family fare will be fleeting once Universal’s sequel Despicable Me 2 hits North American marketplace wide on July 3rd. Foreign grosses still to … Read More »

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Hot Trailer: ‘White House Down’

By | Monday June 10, 2013 @ 8:30pm PDT

Sony‘s ramping up its White House Down campaign with less than three weeks to go until the June 28 Channing Tatum-Jamie Foxx actioner enters the summer blockbuster fray, sandwiched between Paramount‘s World War Z and Disney‘s The Lone Ranger. Here’s the new extra-long four-plus minute trailer for the Roland Emmerich pic that highlights its explosive buddy action:

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Hot Trailer: Channing Tatum’s Action Thriller ‘White House Down’

By | Thursday May 2, 2013 @ 4:43pm PDT

The second trailer has dropped for White House Down, the Channing Tatum-starrer about a Capitol cop at the White House with his daughter who gets caught up in an paramilitary invasion. Roland Emmerich directs James Vanderbilt’s script, and Jamie Foxx, Jason Clarke and Maggie Gyllenhaal co-star. Sony will release the Columbia Pictures pic from Mythology Entertainment on June 28, and this is being shown in theaters beginning this weekend.

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Hot Trailer: ‘White House Down’

By | Tuesday March 26, 2013 @ 4:55pm PDT

Sony follows FilmDistrict‘s $30.5M opener Olympus Has Fallen with its own White House actioner this summer. White House Down pairs Channing Tatum as an off duty police officer with Jamie Foxx as the President of the United States, fending off armed attackers at 1600 Pennsylvania Ave. The Roland Emmerich-directed pic opens June 28. Here’s the first trailer:

Watch this video on YouTube.

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FilmDistrict Moves ‘Olympus Has Fallen’ To March 22, 2013

By | Friday December 14, 2012 @ 12:34pm PST
Mike Fleming

BREAKING: Perhaps trying to create more space between competing movies, FilmDistrict has moved Olympus Has Fallen to March 22. That film, directed by Antoine Fuqua and starring Gerard Butler and Morgan Freeman, has a storyline very similar to White House Down, the Sony Pictures film that stars Channing Tatum and Jamie Foxx, with Roland Emmerich directing. Both are Die Hard-in-the-White House-style dramas where the the building is overtaken by terrorists and it’s up to a Secret Service agent to save the president. White House Down‘s current date is June 28, but let’s see if Sony changes that. It’s usually better to be first – Capote did much better than the similar-themed Infamous – but not always. Last year, after much jockeying, Relativity Media put its Snow White saga Mirror Mirror out first. Universal’s Snow White And The Huntsman did better, and a sequel script was just turned in.

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‘White House Down’ Adds Michael Murphy

By | Thursday August 9, 2012 @ 2:49pm PDT

EXCLUSIVE: Every administration needs someone to be one heartbeat away to take over the Oval Office in case something terrible happens. For the administration of White House Down, that someone is going to be Michael Murphy. The actor will play Vice-President Alvin Hammond in the political thriller. In the movie, the Veep tries to establish order and a chain of command as the attack on the Executive Mansion leads to reports that the President is unable to lead. Jamie Foxx plays the Commander-in-Chief in the Roland Emmerich-directed movie. White House Down, which got bumped up to now come out on June 28, 2013, also stars Channing Tatum as the Secret Service agent trying to thwart the mercenary attack. Maggie Gyllenhaal stars in the movie too as does Jason Clarke as the lead mercenary. White House Down isn’t Murphy’s first time playing a political role. He played a political operative in Robert Altman’s Nashville and presidential candidate Jack Tanner in the HBO series Tanner 88 and its 2004 Sundance sequel Tanner on Tanner. Murphy, who had a leading role in Woody Allen’s Manhattan, also played the Mayor of Gotham City in 1992’s Batman Returns and Angel’s father in 2006’s X-Men: The Last Stand. Murphy is repped by the Kohner Agency.

Related: Sony Moves ‘White House Down’ Up To June Read More »

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Sony Moves ‘White House Down’ Up To June 28, 2013

By | Monday August 6, 2012 @ 1:54pm PDT
Mike Fleming

BREAKING: Sony Pictures is moving its Roland Emmerich-directed White House Down from November 1, 2013 to June 28, 2013. Sony has put its film right in the heat of the summer, and clearly the studio is trying to get ahead of Olympus Has Fallen, the Antoine Fuqua-directed thriller that Millennium Films has already in production. That film doesn’t have a date yet. Both films have been described as Die Hard in the White House. White House Down stars Channing Tatum and Jamie Foxx, while Olympus Has Fallen stars Gerard Butler and Aaron Eckhart. The last time two distributors went at it with similarly themed projects that switched release dates was Universal’s Snow White And The Huntsman and Relativity’s Mirror Mirror. Nobody wants to be second, but in that case, Huntsman came later and fared better at the box office.

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Roland Emmerich’s ‘White House Down’ Adds Jason Clarke To Cast

By | Thursday August 2, 2012 @ 9:03pm PDT

Sony Pictures’ White House Down has added Jason Clarke to its cast. The actor will play Stenz, the leader of the mercenaries who break into the Executive Mansion in the Roland Emmerich-directed thriller. Maggie Gyllenhaal stars in White House Down, as does Channing Tatum. The Magic Mike star plays the Secret Service agent who tries to stop the mercenaries’ takeover. Jamie Foxx plays the President. Sony bought the James Vanderbilt spec script for $3 million earlier this year. Read More »

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Maggie Gyllenhaal Joins ‘White House Down’

By | Thursday June 7, 2012 @ 12:07pm PDT
Mike Fleming

Sony Pictures is moving quickly on White House Down, the James Vanderbilt-scripted thriller that Roland Emmerich will direct. Channing Tatum was set as the Secret Service agent who tries to thwart a White House takeover, and Jamie Foxx is going to play the president. Now, Maggie Gyllenhaal is in talks to play the female lead. Shooting starts in August. The Crazy Heart star most recently starred in Hysteria, about the invention of the vibrator.

White House Down is produced by Mythology Entertainment partners Bradley Fischer, Vanderbilt, and Laeta Kalogridis and Emmerich and Harald Kloser.

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Channing Tatum In ‘White House Down’ Talks

Mike Fleming

BREAKING: Channing Tatum is in talks to star in the Roland Emmerich-directed White House Down, the James Vanderbilt-scripted action drama. Sony Pictures paid $3 million for the James Vanderbilt spec that is a Die Hard in the White House scenario, focusing on a paramilitary takeover of the White House. Tatum will play a Secret Service agent.  It was the biggest spec script deal of the year so far and a big payday for Vanderbilt, who scripted The Amazing Spider-Man for Sony and is working on the sequel to the Marc Webb-directed 3D film that stars Andrew Garfield and Emma Stone.

Emmerich and his producing partner Harald Kloser are producing with Mythology Entertainment partners Bradley Fischer, Vanderbilt, and Laeta Kalogridis. Reid Carolin, Tatum’s producing partner in Iron Horse Entertainment, will be exec producer.

Tatum has emerged as one of the top young male stars, after scoring a hit in The Vow and 21 Jump Street, the latter for Sony. He’ll next be seen in Magic Mike and the upcoming G.I. Joe: Retaliation. He is also expected to star with Mila Kunis in Jupiter Ascending, the next film by Lana and Andy Wachowski. He’s repped by UTA and Management 360.

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Roland Emmerich in Talks to Helm $3 Million Sony Spec ‘White House Down’

By | Monday April 2, 2012 @ 6:07pm PDT
Mike Fleming

EXCLUSIVE: Roland Emmerich is in talks to next direct White House Down, the James Vanderbilt-scripted action drama. Sony Pictures paid $3 million when Vanderbilt and his Mythology Entertainment partners brought the spec script to market last week. The film focuses on a paramilitary takeover of the White House and was compared to Die Hard when it fetched the highest sum for a spec script so far this year for Vanderbilt, who scripted The Amazing Spider-Man for Sony and is working on the sequel to the Marc Webb-directed 3D film that stars Andrew Garfield and Emma Stone.

Emmerich and his producing partner Harald Kloser will join Mythology Entertainment partners Bradley Fischer, Vanderbilt, and Laeta Kalogridis to produce the film. It will be his next project as director, and production is slated to begin in the fall. Emmerich will follow White House Down with Singularity, which remains a priority project at Columbia Pictures. Kloser is also a producer of Singularity. Vanderbilt’s script work includes Zodiac, he’s adapting Red Riding for Steve Zaillian’s Film Rites and Ridley Scott, and is doing a production rewrite on Robocop. Emmerich is repped by CAA.

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Sony Spec Deal For ‘White House Down’ Worth $3 Million

By | Thursday March 29, 2012 @ 10:18pm PDT
Mike Fleming

Word around town is that Sony Pictures has paid $3 million for White House Down, an action drama spec script by James Vanderbilt, the scribe behind the studio’s summer tentpole The Amazing Spider-Man. Can’t think of a spec that sold for more this year. The film will be produced by Mythology’s Brad Fischer, Vanderbilt and Laeta Kalogridis. WME made the deal. Vanderbilt’s script work includes Zodiac, he’s adapting Red Riding for Steve Zaillian’s Film Rites and Ridley Scott, and is doing a production rewrite on Robocop.

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