Netflix and Sony have inked a multi-year deal that will keep their streaming partnership strong. As part of this agreement, Sony's movies will continue to stream on Netflix after they exit theaters and become available on VOD. This means fans can expect to see popular films like "Spider-Man: Brand New Day," "Beyond the Spider-Verse," and "The Legend of Zelda" streaming on Netflix.
In addition to film releases, Netflix has also secured licensing rights to select Sony-owned feature film and television titles. While details are still scarce, it's possible that some Sony properties could become permanent fixtures on the platform, similar to the recent success of K-Pop Demon Hunters.
According to sources, the deal is reportedly worth over $7 billion, more than double the $2.5 billion agreement reached by Netflix for domestic rights in 2021. Executives from both companies say the partnership has been a win-win, with Sony's films receiving significant attention on the streaming service. For example, Paul Littmann, Sony's executive VP, highlighted the increased visibility of films like "Uncharted" and "Spider-Man: Across the Spider-Verse."
With this deal in place, Netflix is solidifying its position as a major player in the film industry. However, it raises questions about whether the company can create its own critically acclaimed content that stands alongside those it licenses from other studios.
In addition to film releases, Netflix has also secured licensing rights to select Sony-owned feature film and television titles. While details are still scarce, it's possible that some Sony properties could become permanent fixtures on the platform, similar to the recent success of K-Pop Demon Hunters.
According to sources, the deal is reportedly worth over $7 billion, more than double the $2.5 billion agreement reached by Netflix for domestic rights in 2021. Executives from both companies say the partnership has been a win-win, with Sony's films receiving significant attention on the streaming service. For example, Paul Littmann, Sony's executive VP, highlighted the increased visibility of films like "Uncharted" and "Spider-Man: Across the Spider-Verse."
With this deal in place, Netflix is solidifying its position as a major player in the film industry. However, it raises questions about whether the company can create its own critically acclaimed content that stands alongside those it licenses from other studios.