Netflix inks global deal to stream Sony Pictures' films after theatrical window

· CNA · Join
Blake Lively attends the 'It Ends With Us' premiere in New York City, U.S., August 6, 2024. REUTERS/Caitlin Ochs
FILE PHOTO: The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, U.S., July 12, 2023. REUTERS/Mike Blake/File Photo

Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST

(Corrects paragraph 2 to say that Netflix has the exclusive streaming rights to Sony films for the first 18 months, after which they go to Disney)

Jan 15 : Netflix and Sony Pictures Entertainment have reached a new agreement that would bring films such as "Spider-Man: Beyond the Spider-Verse" to the streaming giant's customers worldwide after they play in cinemas, the companies said on Thursday.

Under the multi-year agreement, Netflix will become the exclusive streaming destination of Sony Pictures' films following their theatrical runs and video-on-demand releases for the first 18 months, after which they will go to Disney. 

The arrangement will roll out gradually starting later this year as rights in individual territories open up, with full availability worldwide expected in early 2029.

Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.


This service is not intended for persons residing in the E.U. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp’s partners.
Loading

Other early Sony Pictures titles that will stream on Netflix under this new deal include Nintendo's live-action "The Legend of Zelda," "The Nightingale," starring Dakota and Elle Fanning, and Academy Award-winner Sam Mendes' four films about The Beatles. 

The deal gives Netflix a steady flow of studio films for the global audience as it leans more on licensed content. The company currently has similar rights to Sony Pictures' films in select regions such as the U.S., Germany and across Southeast Asia. 

For Sony, the arrangement ensures a home for its theatrical release slate at a time when studios are rethinking long-term distribution strategies as streaming reshapes consumers' movie-watching habits. 

The announcement also comes as Netflix moves to buy Warner Bros Discovery's studio and streaming assets in a $72  billion deal.

Sony's catalogue includes films such as "Uncharted," "Anyone But You," "Venom: The Last Dance," and "It Ends With Us."

The companies did not disclose the financial terms of the agreement. 

Source: Reuters

Newsletter

Week in Review

Subscribe to our Chief Editor’s Week in Review

Our chief editor shares analysis and picks of the week's biggest news every Saturday.

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Subscribe here

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Download here

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Join here