Netflix will get exclusive streaming rights to all of Sony’s upcoming movies, including the next installment in the Spider-Man franchise. The two companies announced a new agreement that gives the streaming giant exclusive rights to Sony’s upcoming theatrical releases beginning in 2022.
The new deal sees Netflix replace Starz as Sony’s partner for the “pay one window” for what Deadline says is a “recording-setting price tag.” Netflix is an obvious choice for Sony, given that the company already has a pay one deal for its animated releases. 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.
The new deal will also give Netflix a first look at any of Sony’s original movies that it’s looking to send directly to streaming (although Sony will still be able to sell to competitors if Netflix passes). Netflix is committing to buying an unspecified minimum number of movies, however. Additionally, the streaming company will also license older movies from Sony’s library to be available on Netflix, too.
“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,” Keith Le Goy, Sony Pictures’ president of worldwide distribution and networks, said in a statement.
