As a Hollywood film producer, Bob Simonds has had his own share of best and not so good moments. But being in this industry for more than 20 years has provided him with enough experience on how the movie business works. It is due to this reason that he is not hesitant to deter his critics when they say that Bob Simonds has still needs to prove his mettle when he is looking to achieve major success with his new studio STX Entertainment. Launched just a few years ago in 2014, STX Entertainment has already made major headlines in the movie industry by coming up with one ambitious project after another. So let’s have a look at what goes behind the scene and how Bob Simonds aims to hit the jackpot with STX Entertainment.
The movie business is often a dynamic and fast changing one, where it is essential for a producer or entertainment mogul to know or at least anticipate what is going to come long before tomorrow arrives. It is this knowledge that helps to manage finances in the most prudent manner. It is important to maintain a fine balance between creating movies that are good and have a mass appeal and raking in the profits. This is all the more important while maintaining a studio or a production house. However, this is often easier said than done. Even major Hollywood names such as Steven Spielberg have had his own share of troubles in maintaining such a balance.
The truth is that STX Entertainment surely has a lot of financial strength to carry on at the present moment. The company has some of the best investors in the world which means that even if some of their movies do not work, they can still have the financial strength to carry on in the business. That being said, they now need to develop a firm base of successful movies that can provide them with the financial strength and backbone they need to manage tough times. One of the most vital problems for STX Entertainment is that they do not have any majorly successful films to back on. They also do not have successful projects that in turn can help them to build their identity in the market. This may eventually go against them in difficult times.
However, Bob Simonds is well prepared to wave off his critics, saying that they do have the financial strength they require to manage difficult times in case one or two movies fail to produce the desired results. While STX Entertainment is mainly going to work on movies, the company is also focused on creating media for the digital world as well as the television. In fact, Bob Simonds confirms that the moviemaking business is only about 205 of what they are doing and they are focusing on a wide range of projects. This will certainly help them to rake in more profits as they prepare to take on bigger projects in the future.