Netflix additional beefed up its movie catalog on Thursday in a multi-year deal that may make it the new streaming residence to Sony Pictures’ top releases within the U.S.
Beginning subsequent 12 months, Sony’s new films will completely stream domestically on Netflix after their theatrical runs. That consists of motion pictures in fashionable franchises like Spider-Man, Venom and Jumanji, and 2022 releases together with Morbius, Where the Crawdads Sing, Uncharted and Bullet Train.
The settlement additionally offers Netflix a first-look choice on any films the Culver City, California-based studio elects to ship instantly to streaming.
In a world of shortly proliferating streaming providers, the deal — as soon as the sort that may have usually gone to premium cable networks — is an anomaly. Sony is the one conventional Hollywood studios and not using a streaming service of its personal. The Walt Disney Co. has Disney+, Warner Bros. has HBO Max, Universal Pictures has Peacock and Paramount Pictures has Paramount+.
(*2*) deal replaces a long-running settlement between Sony and Starz. Financial phrases weren’t disclosed. During the pandemic, Sony beforehand bought to Netflix Kevin Hart’s Fatherhood, The Mitchells Vs. The Machines and Wish Dragon. It additionally despatched Greyhound to Apple TV+ and American Pickle to HBO Max.
“Sony Pictures is a superb companion and we’re thrilled to increase our relationship by way of this forward-thinking settlement,” stated Netflix international movie head Scott Stuber. “This not solely permits us to carry their spectacular slate of beloved movie franchises and new IP to Netflix within the U.S., nevertheless it additionally establishes a new supply of first run films for Netflix film lovers worldwide.”
In the more and more aggressive streaming panorama, the deep-pocketed Netflix has been aggressively increasing its movie library. The streaming service plans to launch a couple of movie per week this 12 months. It additionally not too long ago acquired the rights to a number of “Knives Out” sequels in a deal that reportedly exceeds $450 million.’