If you think the Paramount-Skydance drama was a bit much, you’re going to hate the next couple of years, Sony Pictures Entertainment CEO Tony Vinciquerra warned on Thursday.
At the annual Bank of America Media, Communications & Entertainment Conference, Vinciquerra said Hollywood is in for “chaos” over the next two years. He predicted the industry is in for a wave of “mergers and bankruptcies and sales and all kinds of fun things,” and that only the biggest companies will survive. Unless, that is, those giants “make some massive mistake or miscalculation” along the way.
Vinciquerra is certainly not the first media executive to predict more consolidation in Hollywood, but he may be the one using the most-damning language.
“The business […] will be in a period of chaos for the next..."
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