The final couple of months noticed the rise of a brand-new IP within the type of Kpop Demon Hunters. No one thought this might obtain what no one else has, turning into the most-watched English-language movie of all time on Netflix. Competing with the likes of live-action initiatives that includes massive stars.
However followers beloved the movie and it turned a world sensation. Everyone seems to be now ready for the announcement of the sequel however there’s debate on-line about whether or not Sony Animation ought to have given over this IP to Netflix or given it a theatre launch by itself. Right here’s what we all know concerning the sequel snag.
Kpop Demon Hunters 2: Is Sequel Caught Due To Netflix & Sony’s Contractual Points?
In response to The Hollywood Reporter, Sony and Netflix are in talks concerning the sequel to Kpop Demon Hunters, as was anticipated after the blockbuster success of the film. However there are fairly a couple of issues to look over earlier than something is finalized. There’s chatter about if collabing with Netflix was proper.
They really feel Sony ought to have gone all out with a theatrical launch as a substitute of handing it over to Netflix. It was a monetary danger since no stars have been concerned nevertheless it might have been an thrilling new IP that they had sole possession of. “It was definitely a mistake for Sony to present it up,” an insider advised the portal.
They added, “Feels like this was a brand new IP, they didn’t suppose it will land and was simply dangerous luck for them.” The contract for Kpop Demon Hunters was a part of a primary look deal and Netflix paid for the movie’s $100 million price range in addition to handed Sony “a price of $25 million, or 25 p.c of the price range.”
Along with it, Sony will get a portion of the soundtrack gross sales and music publishing charges for sure songs. They don’t have any merchandising rights, as per the report. All of the income and rights might have been Sony’s if that they had gone for a theatrical launch and never collaborated with Netflix.
Kpop Demon Hunters is the most-watched English-language movie of all-time on Netflix and has a whopping 236 million views in over two months of its launch. The unique soundtrack of the movie is the primary to have 4 High 10 hits on the Billboard Scorching 100. That’s the sort of success individuals dream of.
The partnership has gone easily however now issues must be revaluated earlier than a contract is drawn for the sequel. In any case, the stakes are larger this time round. Dan Lin, Netflix’s head of movie advised the portal that they’re delighted with this partnership and are glad to see the movie’s large success.
He said, “The film turned a cultural phenomenon, it’s one of many solely movies to develop its audiences in its fifth and 6 weeks of launch.” To wrap it up, conversations are on however no deal has been finalized but as they must type via the Netflix and Sony contract earlier than asserting the sequel.
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