Netflix gains exclusive rights to Sony films2021-04-09 18:11 by Daniela
Tags: Netflix, Sony
Netflix and Sony Pictures have a new deal that will see the latter's movies appear exclusively on the former's platform for an 18-month window, starting in 2022. This deal replaces Netflix's prior agreement with Starz. Future Sony blockbusters like "Morbius," "Uncharted," "Where the Crawdads Sing," and “Bullet Train," among others, will now appear on Netflix before anywhere else.
The deal comes as the coronavirus pandemic forced the closure of movie theaters last year, delaying the release of highly anticipated films into 2021. It boils down to this: Sony movies will debut in theaters as they would have in the past. Then, as usual, they'll show up on DVD/Blu-ray. After that though, they’ll show up exclusively on Netflix.
"Sony Pictures is a great partner and we are thrilled to expand our relationship through this forward-thinking agreement," said Netflix global film head Scott Stuber. "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."
Terms of the deal were not disclosed, though Bloomberg News reported that Sony was looking for $250 million a year. The deal builds on an existing agreement between the two for Sony Pictures Animation Films.
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