Netflix has emerged the winner of a nearly two-year auction for the exclusive U.S. rights to stream Sony Pictures’ theatrical releases in the first pay TV window starting with the studio̵…
Netflix has emerged the winner of a nearly two-year auction for the exclusive U.S. rights to stream Sony Pictures’ theatrical releases in the first pay TV window starting with the studio’s 2022 slate.
Netflix has also set a first-look agreement with Sony for all of the studio’s original movies produced for the direct-to-streaming market. That deal also requires Netflix to commit to a certain number of titles from the studio, but it doesn’t stop Sony from selling direct-to-streaming titles to Netflix’s rivals. And Netflix will license an unspecified number of older titles from Sony’s movie vault.
Netflix already had a deal with Sony Pictures for all of its animated releases. Starting with next year’s slate, all movies from the various film banners on the Culver City lot — including Columbia Pictures, Sony Pictures Classics, Screen Gems and TriStar Pictures — will stream exclusively on Netflix after their theatrical and home entertainment releases. That promises to bring to Netflix future installments of the “Spiderman,” “Venom” and “Jumanji” franchises, among others. The pay 1 window usually begins about nine months after a film’s theatrical release, although that timetable may have been sped up for Netflix. Over the course of the pandemic, Sony has sold multiple slate titles to Netflix outright, including Kevin Hart’s “Fatherhood,” and the animated films “The Mitchells Vs. The Machines” and “Wish Dragon.”