Netflix on Thursday consolidated its movie catalog with a multi-year deal that makes it the new streaming house for Sony Pictures’ biggest releases in the United States.
Starting next year, the new Sony movies will be streamed in the United States exclusively on Netflix, after their release on stage. This includes films from popular franchises such as “Spider-Man”, “Venom” and “Jumanji”, as well as releases in 2022, including “Morbius”, “Where the Crawdads Sing”, “Uncharted” and “Bullet Train”.
The deal also gives Netflix the option to first review any movie the Culver City, California studio chooses to broadcast live.
In a rapidly proliferating world of streaming services, the business is like premium cable channels and is also a rarity. Sony is the only traditional Hollywood studio without its own streaming service. Walt Disney Co. are Disney +, Warner Bros. has HBO Max, Universal Pictures has Peacock, and Paramount Pictures has Paramount +.
Wednesday’s deal replaces an older one between Sony and Starz. Financial details were not disclosed. During the pandemic, Sony sold “Paternity” to Netflix, “The Mitchells Vs. The Machines ”and“ Wish Dragon ”by Kevin Hart. He also sent “Greyhound:” in the crosshairs of the malam “to Apple TV + and” An American Pickle “(” Pickled in time “) to HBO Max.
“Sony Pictures is a great partner and we are excited to expand our relationship with this forward-looking agreement,” said Netflix global director Scott Stuber. “This not only allows us to present its impressive catalog of beloved movie franchises and new intellectual properties to Netflix in the United States, but also sets a new source for our film releases for Netflix moviegoers globally.”
In the increasingly competitive landscape of streaming, Netflix and its vast resources have aggressively expanded their cinema catalog. The streaming service plans to release more than one movie a week this year. He also recently acquired the rights to several sequels to “Knives Out” in a business that would have exceeded $ 450 million.