Netflix and Sony Pictures Entertainment have cemented their growing ties with a major licensing deal. Under its terms, the streaming titan has exclusive U.S. rights to stream Sony’s theatrical releases in the first pay tv window.
This means the studio’s films can come to Netflix after theatrical and home entertainment windows. The pact, which begins with Sony’s 2022 slate, will cover live-action tentpoles like Morbius, Uncharted, and Bullet Train, as well as Sony Pictures Animation’s hotly anticipated sequel to Spider-Man: Into the Spider-Verse and other Marvel content.
Netflix also has a first-look agreement covering all Sony’s original direct-to-streaming movies, and has committed to a certain number of those titles; Sony can sell titles Netflix turns down to other streamers. In addition, Netflix will license older films from the studio’s library. The deal was reported to be worth over $1 billion by The Wall Street Journal and due to last five years.