Sony says it won’t sell movie business

Sony Corp.’s chief executive officer said Friday that the Japanese electronics company is not selling its movie and entertainment business, according to a report in The New York Times.

The Times’ story is mostly about how Michael Lynton is stepping down as head of Sony Pictures Entertainment.

Lynton is departing effective Feb. 2. Kazuo Hirai, the Sony Corp. CEO, will take a more active role at the entertainment unit, according to The Times, including keeping an office at Sony Pictures offices in Culver City, California.

Here’s an excerpt from The Times’ story:

Mr. Hirai also emphasized that the studio was not for sale — a persistent topic of Hollywood speculation — calling movies, television and music “essential parts of Sony.”

Here’s why James Bond fans should care: Sony has released the last four James Bond films. Its most recent two-picture deal expired with SPECTRE. The company has said it wants to continue its 007 relationship with Metro-Goldwyn-Mayer, Bond’s home studio.

For now, MGM has no distribution deal for Bond 25. Under terms of its most recent Bond deal, Sony’s profits were low compared with MGM and Danjaq LLC, parent company of Eon Productions.

The departing Lynton was embarrassed by the 2014 Sony hacks. But he survived, unlike studio executive Amy Pascal. Pascal, in turn, had a close relationship with Barbara Broccoli, the Eon boss. Pascal ended up with a producer’s deal at Sony.

Pascal was a producer of last year’s Ghostbusters movies, which Sony hoped would become a franchise. That’s now considered unlikely after generating worldwide box office of about $229 million.

William Peter Blatty dies at 89

Poster for 1967’s Gunn

William Peter Blatty, best known as author and screenwriter of The Exorcist, has died at 89, according to an obituary by The Hollywood Reporter.

Blatty’s death was disclosed by Exorcist director William Friedkin on Twitter.

Blatty won an Oscar for best adapted screenplay for The Exorcist. Prior to the 1971 novel and 1973 movie, Blatty was a collaborator with director Blake Edwards.

The two scripted 1964’s A Shot in the Dark, arguably the funniest of Peter Sellers’ Inspector Clouseau films, and 1967’s Gunn, a movie adaptation of the Peter Gunn series created by Edwards.

For the latter, Edwards and Blatty took the premise of the first Peter Gunn episode (a gangster who’s a friend of Gunn’s is murdered) and expanded it. One of the movie’s inside jokes was having composer Henry Manchini playing a piano at a bordello. The movie retained Craig Stevens as Peter Gunn while recasting supporting roles.

Here’s Friedkin’s post on Twitter:

William Peter Blatty, dear friend and brother who created The Exorcist passed away yesterday

— William Friedkin (@WilliamFriedkin) January 13, 2017

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Author Stephen King also wrote a tribute:

RIP William Peter Blatty, who wrote the great horror novel of our time. So long, Old Bill.

— Stephen King (@StephenKing) January 13, 2017