Sony Pictures Entertainment announced that has signed a five-year deal that will give the streaming rights of its films to Netflix since next 2022. The platform can stream the films once they leave theaters and VOD services.
The deal is based on Netflix’s existing partnership with Sony Pictures Animation and will replace the agreement Sony has with Starz Entertainment since 2005.
In that sense, the upcoming films like Morbius with Jared Leto into the Marvel universe, and Uncharted, starring Tom Holland, based on the adaptation of Playstation game, will become available on Netflix after they complete their theatrical and on-demand debut. Also, as part of the deal, Sony will make two to three exclusive movies a year for Netflix.
‘This not only allows us to bring Sony’s impressive slate of beloved film franchises and new I.P. to Netflix in the U.S., but it also establishes a new source of first-run films for Netflix movie lovers worldwide’, Netflix’s head of global films, Scott Stuber, said in a statement on Thursday.
In addition, Sony remarked that the deal would not alter its cinema strategy.
With the cinemas shutting down for much of last year, Sony Pictures, has delayed many of its films into 2021, and also sold various from its films to streaming platforms, including Greyhound with Tom Hanks (Apple TV+) and the upcoming animated comedy The Mitchells vs The Machines to Netflix.
