Netflix has signed a ground-breaking take care of Sony Pictures that sends the studio’s 2022 movies straight to the streaming platform after their theatrical launch, Deadline reports. Under the brand new, multi-year deal, movies like Uncharted, Morbius, Bullet Train and Where the Crawdads Sing will stream on Netflix after they hit theaters.
The settlement marks a cut up from Starz, the place Sony had despatched its movies after theaters starting in 2005. Now, Sony motion pictures may have an 18-month exclusivity window on Netflix, giving the streamer first pay window rights to the studio’s titles after theatrical and VOD home windows. Although particular numbers weren’t revealed, the deal is rumored to be within the $1 billion vary.
Starting subsequent yr, Netflix subscribers may have entry to Sony releases at dwelling post-PVOD, together with titles from Sony’s Columbia Pictures, Sony Pictures Classics, Screen Gems, and TriStar Pictures. Along with the movies listed above, Netflix might be dwelling to upcoming sequels to Venom, Jumanji, Bad Boys, and Spider-Man: Into the Spider-Verse.
The new deal additionally offers Netflix a first-look for any direct-to-streaming titles from Sony, and the streamer has dedicated to “a quantity” of the titles already. In addition to Sony’s straight-to-streaming titles, Netflix plans to license older motion pictures from Sony, as properly.
“At Sony Pictures, we produce a few of the greatest blockbusters and probably the most artistic, unique movies within the trade,” mentioned Keith Le Goy, Sony’s president of worldwide distribution. “This thrilling settlement additional demonstrates the significance of that content material to our distribution companions as they develop their audiences and ship the easiest in leisure.”
Netflix movie chief Scott Stuber added, “This not solely permits us to carry their spectacular slate of beloved movie franchises and new IP to Netflix within the U.S., but it surely additionally establishes a brand new supply of first-run movies for Netflix film lovers worldwide.”