Netflix Sets Major Film Deal With Sony

Originally published on Dark Horizons by Garth Franklin

Sony Pictures, the only one of the major five studios not to have its own SVOD service, has closed a major multiyear deal with Netflix.

The exclusive first-pay-window licensing deal in the U.S. will begin with the studio’s 2022 film slate and include anticipated titles like “Morbius,” “Uncharted” and the “Spider-Man: Into the Spider-Verse” sequel.

It means once a Sony film has finished its theatrical and VOD run, it will go to Netflix. A typical first-pay-window is eighteen months, and Starz has owned that Sony contract since 2006. The deal is reportedly worth roughly $1 billion to Sony.

Netflix will also have the ability to license the rights to select titles from Sony’s nearly century-old library catalogue including its various labels like Columbia Pictures, Tri-Star, Sony Pictures Classics and Screen Gems.

Over the course of the deal, Netflix has also committed to financing a number of titles from the studio’s motion picture group – some made directly for streaming from inception, others may go theatrical.

The move gives Netflix a new pipeline of first-run film offerings, including a steady supply of Marvel content including future installments of “Spider-Man” and “Venom” beyond the two entries due out this year which don’t fall under this pact.

Source: THR

Continue reading article by clicking here...