Dec 24, 2014 1:12 PM
Sony releases 'The Interview' for streaming
The Associated Press
LOS ANGELES (AP) "The Interview" became available for rental on a variety of digital platforms Wednesday, including Google Play, YouTube Movies, Microsoft's Xbox Video and a separate Sony website, Sony Pictures announced.
The movie, released at 1 p.m. EST, costs $5.99 to stream and $14.99 to purchase. It also will open in over 300 theaters on Thursday.
The studio announced the on-demand release just one day after reversing a previous decision not to show the film at all after hackers released thousands of internal Sony documents and threatened moviegoers with violence. The decision not to release the film was widely criticized, with President Barack Obama one of Sony's harshest critics.
"It has always been Sony's intention to have a national platform on which to release this film," said Sony Pictures chair and CEO Michael Lynton in a statement Wednesday. "It was essential for our studio to release this movie, especially given the assault upon our business and our employees by those who wanted to stop free speech. We chose the path of digital distribution first so as to reach as many people as possible on opening day, and we continue to seek other partners and platforms to further expand the release."
White House spokesman Eric Schultz said Obama welcomed the news.
"As the president made clear on Friday, we do not live in a country where a foreign dictator can start imposing censorship here in the United States. With today's announcements, people can now make their own choices about the film, and that's how it should be," Schultz said.
The unusual release is unprecedented: Studios have released smaller indie and foreign movies simultaneously in theaters and on digital platforms, but never a mainstream film like "The Interview."
However, analysts said the situation with "The Interview" left Sony little choice.
"This isn't being done because Sony wants to do it regularly, but rather out of necessity prompted by the exhibitor boycott," said Wedbush Securities analyst Michael Pachter. "The only guys showing it are independent chains."
"Sony is in a delicate situation here since they normally never go this route with a major film, but theater chains also know this is a unique back-against-the-wall situation," added Gitesh Pandya, editor of BoxOfficeGuru.com.
It's challenging to put a figure on how much Sony might benefit financially from releasing the movie on demand, Pandya said.
But he said all the attention "The Interview" has had over the past month has likely boosted the curiosity level for movie goers and will lead to "strong averages from the limited theatrical release plus solid VOD sales over the holidays." He expects the interest to fade away in early January.
Google showed its support with a post on its official blog, saying the company "could not sit on the sidelines."
"Of course it was tempting to hope that something else would happen to ensure this movie saw the light of day. But after discussing all the issues, Sony and Google agreed that we could not sit on the sidelines and allow a handful of people to determine the limits of free speech in another country (however silly the content might be). "
Lynton said the release represented the company's commitment to free speech.
"While we couldn't have predicted the road this movie traveled to get to this moment, I'm proud our fight was not for nothing and that cyber criminals were not able to silence us," he said.
Mae Anderson in Atlanta and Josh Lederman in Washington contributed to this story.