Netflix to exclusively air Sony films after their initial theatrical releases
Netflix and Sony Pictures Entertainment (SPE) announced this week that the two media moguls entered into a multiyear, exclusive first pay window licensing deal in the U.S. for theatrically released SPE feature films, beginning with their 2022 film slate. This new agreement builds upon Netflix’s pre-existing output deal with Sony Pictures Animation films to now include all SPE film labels and genres.
Under the deal, Netflix will obtain first pay window rights to SPE titles following their theatrical and home entertainment windows. Tentpoles such as Morbius, Uncharted, Where the Crawdads Sing, and Bullet Train will be among the initial 2022 offerings.
… upcoming films like “Morbius,” which features Jared Leto playing the Marvel vampire, and “Uncharted,” starring Tom Holland in an adaptation of a Playstation game, will become available on Netflix after they complete their theatrical and on-demand runs. ~ New York Times
They will be followed by continued entries in Sony Pictures’ rejuvenated slate of upcoming releases, including the sequel to Oscar-winning Spider-Man: Into the Spider-Verse and several more SPE films featuring Marvel characters, including future installments of Venom and Spider-Man; and expected follow-ups for the Jumanji and Bad Boys franchises. Netflix will also license rights to select titles from SPE’s vast movie library.
Over the course of the deal, Netflix has also committed to financing a number of titles from the studio’s motion picture group. These will encompass the films that Sony intends to make directly for streaming from inception or decides at a later point to license for streaming. ~ Hollywood Reporter
As part of the partnership, Sony Pictures’ Motion Picture Group will offer Netflix a first look at any films it intends to make directly for streaming or decides later to license for streaming, and Netflix has committed to make a number of those films over the course of the deal. Any such direct-to-streaming projects will be additive to SPE’s full theatrical film slate, which will continue at its current volume.
“Sony Pictures is a great partner and we are thrilled to expand our relationship through this forward-thinking agreement,” said Scott Stuber, Head of Global Films at Netflix. “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.”
(Source: Sony Pictures)
Posted by Richard Webster, Ace News Today / Follow Richard on Facebook and Twitter
