Netflix scores streaming rights: New York City : Netflix even more beefed up its film brochure on Thursday in a multi-year deal that will make it the new streaming residence to Sony Photo’ top releases in the U.S.
Beginning next year, Sony’s new movies will specifically stream locally on Netflix after their theatrical runs. That includes flicks in prominent franchises like “Spider-Man,” “Poison” as well as “Jumanji,” and also 2022 releases including “Morbius,” “Where the Crawdads Sing,” “Undiscovered” as well as “Bullet Train.”
The agreement likewise provides Netflix a first-look option on any type of films the Culver City, California-based workshop elects to send directly to streaming.
In a globe of swiftly proliferating streaming services, the bargain– when the kind that would certainly have commonly gone to premium cable television networks– is an abnormality. Sony is the only standard Hollywood workshops without a streaming solution of its own.
The Walt Disney Co. has Disney+, Warner Bros. has HBO Max, Universal Pictures has Peacock and also Paramount Pictures has Paramount+.
Wednesday’s offer changes a long-running contract in between Sony and also Starz. Financial terms weren’t disclosed. During the pandemic, Sony previously marketed to Netflix Kevin Hart’s “Parenthood,” “The Mitchells Vs. The Machines” and also “Dream Dragon.” It also sent out “Greyhound” to Apple TV+ and also “American Pickle” to HBO Max.
” Sony Pictures is a terrific partner and also we are enjoyed broaden our relationship with this forward-thinking arrangement,” said Netflix worldwide movie head Scott Stuber. “This not only permits us to bring their remarkable slate of beloved film franchises as well as brand-new IP to Netflix in the UNITED STATE, yet it also develops a brand-new resource of initial run films for Netflix movie fans worldwide.”
In the significantly competitive streaming landscape, the deep-pocketed Netflix has been boldy broadening its film library. The streaming service strategies to release more than one film a week this year. It also lately acquired the civil liberties to multiple “Blades Out” sequels in an offer that reportedly exceeds $450 million.