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Stock impact report

Revealed: The Contract Clause That Commits Sony To Making ‘Spider-Man' Spinoffs [Forbes]

Sony Group Corporation American Depositary Shares (SONY) 
Company Research Source: Forbes
Few major movie franchises have produced as sustained a string of critical failures as Sony's Spider-Man Universe. Over the past eight years none of the studio's six spinoff movies in the series has been rated fresh by review aggregator Rotten Tomatoes and several of them have even been pilloried by their own stars. Despite this, Sony has persisted in making more movies about increasingly obscure aspects of Spider-Man lore causing many industry watchers to wonder whether it was contractually obliged to do so. That question has finally been cleared up. Sony's universe of Spider-Man spinoffs got off to a rocky start before the first movie in the series had even hit theaters. Called Venom , it was named after a hulking alien antithesis of Spider-Man played by Tom Hardy and just days before the film debuted, the British actor said that his favorite moment in it was "things that aren't in this movie." Hardy explained that "there are like 30 to 40 minutes worth of scenes that aren't in Show less Read more
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