"As part of a new agreement, films from Sony Pictures Entertainment will stream on Netflix first, the companies announced via a joint statement. The new deal expands on the exclusive rights Netflix had to Sony films in the US, and means the service will be the first place people will be able to stream upcoming projects like the live-action adaptation of The Legend of Zelda, and a quartet of biopics about The Beatles."
"Sony's films will stream worldwide on Netflix in what's called "Pay-1," the first window of availability after a movie's theatrical and VOD releases. As part of the deal, Netflix is also licensing an undisclosed number of films and television shows from the Sony Pictures back catalog to help fill out its library. Netflix says the new arrangement "will roll out gradually" as licensing rights become available throughout the year, with full availability happening sometime in 2029."
"Netflix and Sony's partnership has been fruitful so far. Films like Spider-Man: Across the Spider-Verse, Uncharted and Anyone But You have had popular second lives on the streaming service. In the case of KPop Demon Hunters, Netflix was also able to spin a surprise Sony Animation streaming hit into a profitable theatrical run. Netflix will pay Sony north of $7 billion for this new deal, Variety reports - clearly that's worth it to secure the companies' relationship for another few years."
Netflix secured global Pay-1 streaming rights to Sony Pictures Entertainment films under a new multi-year agreement. Films will appear on Netflix during the Pay-1 window after theatrical and VOD releases, and rollout will be gradual with full availability expected by 2029. Netflix also licensed an undisclosed number of Sony back-catalog films and television shows to expand its library. Netflix will pay Sony north of $7 billion for the deal. Prior collaborations delivered strong streaming followings for titles such as Spider-Man: Across the Spider-Verse, Uncharted, Anyone But You, and KPop Demon Hunters.
Read at Engadget
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