Netflix and Sony Pictures Entertainment (SPE) have inked a multiyear deal beginning in 2022 to stream the studio’s function movies within the U.S. after their theatrical and residential leisure runs, the businesses introduced on Thursday.
The new settlement, which replaces an output deal the studio has had with Lionsgate’s Starz since 2006, builds upon Netflix’s pre-existing take care of Sony Pictures Animation (SPA) movies and can now embody all Sony movie labels and genres.
Under the deal, monetary phrases of which weren’t disclosed, Netflix will acquire streaming rights to Sony titles following their theatrical and residential leisure home windows, in addition to a primary have a look at any direct-to-streaming options from the studio. Tentpoles similar to “Morbius,” “Uncharted,” “Where the Crawdads Sing,” and “Bullet Train” will probably be among the many preliminary 2022 choices.
They will probably be adopted by continued entries in Sony Pictures’ slate of IP, together with the sequel to Oscar-winning “Spider-Man: Into the Spider-Verse” and several other extra SPE movies that includes Marvel characters, together with future installments of “Venom” and “Spiderman;” and anticipated follow-ups for the “Jumanji” and “Bad Boys” franchises. Netflix may even license rights to pick out titles from SPE’s huge film library.
As a part of the partnership, Sony Pictures’ Motion Picture Group will supply Netflix a primary have a look at any movies it intends to make immediately for streaming or decides later to license for streaming, and Netflix has dedicated to make a lot of these movies over the course of the deal.
Any such direct-to-streaming initiatives will probably be additive to SPE’s full theatrical movie slate, which can proceed at its present quantity.
“Sony Pictures is a great partner and we are thrilled to expand our relationship through this forward-thinking agreement,” Scott Stuber, Head of Global Films at Netflix mentioned in an announcement to TheWrap. “This not only allows us to bring their impressive slate of beloved film franchises and new IP to Netflix in the U.S., but it also establishes a new source of first run films for Netflix movie lovers worldwide.”
“Netflix has been a terrific partner as we continue to expand our relationship,” Keith LeGoy, President, Worldwide Distribution and Networks, Sony Pictures Entertainment added. “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.”
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