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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Deals»Future Sony Movies Will Stream Exclusively on Netflix As Part of New Multi-Year Deal
    Jumanji

    Future Sony Movies Will Stream Exclusively on Netflix As Part of New Multi-Year Deal

    1
    By Tapiwa Matthew Mutisi on April 9, 2021 Deals, Entertainment, Movies, Netflix, Video Streaming

    Sony Pictures Entertainment doesn’t have its own streaming service, and that’s good news for Netflix Inc. because the film studio has finally inked a new deal with Netflix that will see the streamer become the exclusive home of films including popular upcoming ‘Jumanji’ and ‘Spider-Man’ franchises, and other films such Uncharted and Morbius when they finish their theatrical and home video runs beginning in 2022.

    The new deal sees Netflix replace Starz as Sony’s partner for the “pay one window” for what Deadline says is a “recording-setting price tag.” Netflix is an obvious choice for Sony, given that the company already has a pay one deal for its animated releases. But the new deal is far more comprehensive and will see Sony’s theatrical films from its Columbia Pictures, Sony Pictures Classics, Screen Gems, and TriStar Pictures studios all head to Netflix.

    Starting in 2022, Netflix will be the first US streaming home for Sony Pictures films following their theatrical releases. Get ready for UNCHARTED, MORBIUS, BULLET TRAIN & WHERE THE CRAWDADS SING, plus future sequels to VENOM, JUMANJI, BAD BOYS & SPIDER-MAN: INTO THE SPIDER-VERSE

    — NetflixFilm (@NetflixFilm) April 8, 2021

    It’s the kind of deal that’s increasingly rare to see in the world of cinema, given that companies like Disney (which previously had a similar $300 million deal with Netflix from 2016 to 2019) and Warner Bros. are skipping pay one deals to send their films directly to their respective in-house Disney Plus and HBO Max streaming services. And NBCUniversal — which currently has pay one deals with Netflix for its Universal films and HBO Max for its animated Illumination lineup — is reportedly mulling a similar change that would funnel its movies to Peacock instead.

    The new deal will also give Netflix a first look at any of Sony’s original movies that it’s looking to send directly to streaming (although Sony will still be able to sell to competitors if Netflix passes). Netflix is committing to buying an unspecified minimum number of movies, however. Additionally, the streaming company will also license older movies from Sony’s library to be available on Netflix, too.

    “At Sony Pictures, we produce some of the biggest blockbusters and the most creative, original films in the industry. This exciting agreement further demonstrates the importance of that content to our distribution partners as they grow their audiences and deliver the very best in entertainment,” Keith Le Goy, Sony Pictures’ president of worldwide distribution and networks, said in a statement.

    Related

    Deadline Entertainment Industry Netflix Sony Pictures Entertainment Starz Streaming service Video Streaming
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    Tapiwa Matthew Mutisi
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    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

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    1. Pingback: Netflix and Universal Extend Animated Film License Deal | Innovation Village | Technology, Product Reviews, Business

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