Netflix Nabs Post-Theatrical Streaming Rights To Sony Pictures Films In Multiyear Deal
Warner Bros. made waves late last year when they revealed that they would release their full 2021 slate of feature films on HBO Max the same day as their theatrical releases. In response, movie studios like Paramount and Disney have scrambled to respond and reshape their release structure to better fit the current state of the world amidst the global pandemic. Now, as first revealed by Netflix’s social media accounts, Sony Pictures strikes a new deal with the streaming service for the exclusive streaming rights to their biggest pictures.
The new deal means that all Sony Pictures projects, beginning in 2002, will head to Netflix following their theatrical runs. The groundbreaking allows Netflix the first-pay-window rights to Sony Pictures titles following their theatrical and home entertainment windows. Since 2006, Sony has had this sort of deal with the Starz premium channel.
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This is exciting news for movie fans. While the world still decides what it will look like in a post-pandemic world, fans can look forward to catching their favorite Sony films on Netflix from the comfort of their own home. The titles expected to launch on Netflix include upcoming films like Uncharted, Morbius, and Spider-Man: No Way Home. Additionally, future sequels to hit franchise films like Bad Boys, Jumanji, Venom, and Into The Spider-Verse will find a home on Netflix as well.
In a statement, Netflix film head Scott Stuber expresses his excitement to get the deal up and running. “This deal not only allows us to bring Sony’s 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.”
What do you think? Is this a good move for Netflix and Sony? Let us know your thoughts in the comments below!
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