Netflix Acquires Streaming Rights To Sony Feature Films Starting In 2022 In US
The leading streaming giant, Netflix has grabbed gold by signing a new multiyear deal with Sony Pictures. According to the contract, Netflix will be the first to stream Sony Feature Films beginning from 2022 after they complete their theatrical run in the USA. These films include Uncharted, Morbius, Bullet Train & Where The Crawdads Sing, along with future sequels to Venom, Jumanji, Bad Boys & Spiderman: Into The Spider-Verse.
Sony Pictures' primary pay-TV partner has been Starz, now owned by Lionsgate, since 2006. The new theatrical output deal with Netflix is believed to run about five years and is said to have worth hundreds of millions of dollars to the studio over the term. Industry sources said (according to Variety) Sony executives are working on another significant theatrical movie licensing pact outside the Netflix agreement.
Netflix is an obvious first pay window choice for Sony, given that the company already has a deal for its animated releases with Netflix. But the new deal is far more comprehensive and will see Sony's theatrical films from its Columbia Pictures, Sony Pictures Classics, Screen Gems, and TriStar Pictures studios all head to Netflix after completing their theatrical run.
Starting in 2022, Netflix will be the first US streaming home for Sony Pictures films following their theatrical releases. Get ready for UNCHARTED, MORBIUS, BULLET TRAIN & WHERE THE CRAWDADS SING, plus future sequels to VENOM, JUMANJI, BAD BOYS & SPIDER-MAN: INTO THE SPIDER-VERSE
— NetflixFilm (@NetflixFilm) April 8, 2021
The new deal will also provide Netflix a first look at any of Sony's original movies produced for the direct-to-streaming market. But it doesn't stop Sony from selling direct-to-streaming titles to Netflix's rivals. In that case, however, Netflix would have to pass on the project for Sony to be able to sell it to another streamer.
"Netflix has been a terrific partner as we continue to expand our relationship. At Sony Pictures, we produce some of the biggest blockbusters and the most creative, original films in the industry. This exciting agreement further demonstrates the importance of that content to our distribution partners as they grow their audiences and deliver the very best in entertainment", said Keith Le Goy, SPE's president of worldwide distribution and networks, in a statement.
Meanwhile, the new deal between Sony and Netflix won't include "Venom: Let There Be Carnage" and "Spider-Man: No Way Home" because they release this year.
Stay tuned...
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