Insider: Sony Scared by Spider-Man: No Way Home’s Bloated Budget

Late February 2023 Sony pictures and Marvel Studios launched a promo campaign for the film “Spider-Man: No Way Home“(Spider-Man: No Way Home). The release of the film is scheduled for December 2023.

According to preliminary data, the plot of the third film about Spiderman performed by Tom Holland will revolve around the concept of a multiverse. Filming resumed in Atlanta a few weeks ago.

However, an insider Daniel Richtman reports that the manual Sony and Marvel anxiety grows. The film’s overblown budget was a problem.

Specific figures have not been disclosed, although they may well exceed the $ 200 million mark. It is known that the production of the films “Spider-Man: Homecoming” was spent $ 175 million (the tape earned $ 880 million at the box office), and the budget for the sequel “Spider-Man: Far From Home” was $ 160 million (world fees are estimated at $ 1.13 million).

According to preliminary data, the high cost of the triquel may be due to the massive caste. It is officially known that the project involves Alfred Molina (Doctor Octopus) and Jamie Foxx (Electro), rumors about the appearance of Willem Dafoe (Green goblin), Charlie Cox (Daredevil) and other famous actors.

Numerous insiders are also reporting that they will return to the role of Spider-Man. Andrew Garfield and Tobey Maguire… The latter allegedly knocked himself out an astronomical fee of more than $ 15 million, although he has worked in Hollywood for the past five years as a producer, not an actor.

The film industry itself is a problem as a whole, affected by the pandemic. Many countries, including the United States, still have restrictions on cinema visits, and it is not yet clear what will happen at the end of the year when Spider-Man 3 kicks off.

Audience activity remains rather low and extremely unpredictable. Let’s say a new cartoon Disney “Raya and the Last Dragon” (Raya and the Last Dragon) started worse than the movie Warner Bros.Tom and Jerry“(Tom and jerry).

Turning a Spider-Man movie into a Disney + exclusive isn’t considered the best option. Studios are counting on billions of dollars in revenue, while the streaming platform will only begin to pay off around 2024.

So far, Disney + can, at best, recoup production costs (excluding marketing), which is proven by the experiment with “Mulan“(Mulan). Therefore, Disney still hopes that the movie, scheduled for May 2023, will premiere “Black Widow“(Black Widow) will take place in cinemas.

According to Richtman, representatives of Sony Pictures are the most worried, which can also be explained. The company does not have its own streaming service: an attempt to turn it into its semblance Playstation network at one time it turned out to be unsuccessful, and platforms for showing anime have their own specifics.

In the mid-2010s, the Sony film division almost collapsed due to the tyranny of “effective managers”, and the company’s management allegedly considered options for selling the problem asset or merging it with Sony Interactive Entertainment (video game division).

The situation was stabilized after in 2015 the ex-head Fox Film Division Tom Rothman changed Amy Pascal as chairman Sony Pictures Motion Picture Group… Now the company is trying to distribute money extremely carefully, so many projects have a budget of less than $ 100 million, which minimizes risks.

At the same time, the media constantly write that the plan to sell the studio still exists. While the division is making money, the video games and music industries remain significantly more profitable for the company.

In the context of the pandemic, Sony’s lack of its own streaming platform is negatively affected. Therefore, the company recently sold Netflix rights to international distribution (except China) of the cartoon “Mitchells vs. machines“(Connected / Mitchells vs. the Machines) for $ 110 million.

It also became known about the negotiations on the release of Sony projects on the streaming platform Amazon… The first joint project should be a series about a superhero from Marvel comics Silk (Spider-Man’s companion).

Another plan is to turn the long-suffering film “Silver and black“(Silver & Black), about the mercenary Silver Sablinov (Silver Sable) and the thief Felicia Hardy (Black cat) into a TV show for Disney +. However, there has been no news about this project for a long time.

See also: Color hints Marvel: Green Goblin will be the main villain in the movie “Spider-Man 3”?

Spider-Man 3 Collider: EVERYONE including Tobey Maguire will appear in Spider-Verse

“A Mistake That Will Not Repeat”: Tom Holland Is Unhappy with His Work on the Uncharted Adaptation

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