Netflix has further strengthened its position against streaming competitors by securing a studio alliance, signing a deal with Sony Pictures Entertainment. Where HBO Max has Warner Bros. and Disney+ has Pixar and Disney, Netflix now has Sony. The new deal gives Netflix the exclusive right to stream Sony theatrical movies that debut in 2022 after the films have had their full theatrical and home releases.
Currently, the deal includes all films and genres produced by Sony. Audiences can now look forward to films like Morbius, Uncharted, Bullet Train, and Where the Crawdads Sing becoming available on Netflix after the films premiere in 2022.
The new deal builds upon Netflix’s previous arrangement with Sony, where the streamer could include films like Spider-Man: Into the Spider-Verse in its extensive library. Now, Netflix will also have the right to license future Sony films featuring Marvel characters, like upcoming Venom or Spider-Man films, as well as future installments of the Jumanji and Bad Boys franchises.
Additionally, the deal states that Sony will offer Netflix the first look at any films the company intends to make for streaming. Netflix has also committed to making multiple projects, that are currently under wraps, for Sony as part of the deal.
President of Worldwide Distribution and Networks at Sony Pictures Entertainment, Keith LeGoy, said, “Netflix has been a terrific partner as we continue to expand our relationship...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.”
Head of Global Films at Netflix, Scott Stuber, added, “Sony Pictures is a great partner and we are thrilled to expand our relationship through this forward-thinking agreement...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.”
Are you excited to watch films like Morbius and Uncharted on Netflix after they premiere in theaters? Do you think the new deal is more advantageous to Netflix or Sony?