Netflix has closed a mega deal with Sony Pictures. That company decided not to release a single film last year and to postpone all releases.
What doesn’t help for Sony is that it doesn’t have its own streaming service, like movie studios like Disney and Warner Bros. have that. But a solution has now been devised for this. Netflix will be the exclusive home of Sony films from 2022. At least after the films have been screened in the cinema.
Big deal
According to The Hollywood Reporter, this is a multi-year and quite large deal. The intention is that Netflix will exclusively show films such as Morbius , Uncharted and Spider-Man: Into the Spider-Verse 2 . That is after the films have been shown in the cinema and the home entertainment period is over. It usually takes eighteen months for that to pass.
At the same time, it may well be that the release of films on Netflix may put films online faster. That means that future releases, such as the new Jumanji movies, will also be on Netflix. Netflix pays no less than $ 1 billion for that.
Netflix will also gain access to a whole new content library through this deal. Titles from Sony and also Columbia (which has been around for almost a century) can come to Netflix. In return, Netflix also finances the new films from Sony.
Under the deal, a slew of Marvel content is also coming to Netflix, including future films in the Venom and even Spider-Man franchise. Specifically, Venom: Let There Be Carnage and Spider-Man: No Way Home will not be covered by these terms as the films will be released in 2021.
Marvel / Sony films that are released after that, however, will be on Netflix. A special development, especially now that Disney + has been put on the market as the home of Marvel content.
