Sony Pictures enters a streaming deal with Netflix.


In one other signal of Netflix’s rising dominance, Sony Footage Leisure has signed a five-year deal that can give the streaming large the unique U.S. rights to Sony’s movies as soon as they depart theaters and premium video-on-demand companies.

The deal, which begins with the studio’s 2022 releases, builds on Netflix’s present partnership with Sony Footage Animation and replaces the settlement Sony, one of many few main studios with out its personal streaming service, has had with Starz Leisure since 2005.

That signifies that upcoming movies like “Morbius,” which options Jared Leto enjoying the Marvel vampire, and “Uncharted,” starring Tom Holland in an adaptation of a Ps sport, will turn out to be out there on Netflix after they full their theatrical and on-demand runs. As a part of the deal, Sony will make two to 3 direct-to-streaming films a yr for Netflix, increasing Sony’s slate and giving Netflix unique movies for its service.

“This not solely permits us to deliver Sony’s spectacular slate of beloved movie franchises and new I.P. to Netflix within the U.S., however it additionally establishes a brand new supply of first-run movies for Netflix film lovers worldwide,” Netflix’s head of worldwide movies, Scott Stuber, mentioned in an announcement on Thursday.

Sony emphasised that the association wouldn’t alter its theatrical technique. Earlier than the pandemic, the studio launched 15 to twenty movies a yr in theaters, a plan it intends to renew now that theaters are reopening. Movies made for Netflix will likely be along with the theatrical releases, it mentioned.

With the pandemic shutting down film theaters for a lot of final yr, Sony Footage, like most studios, pushed a lot of its movies into 2021. It additionally bought a handful to streaming companies, together with “Greyhound” with Tom Hanks to Apple and the upcoming animated comedy “The Mitchells vs The Machines,” from the creators of Sony’s Oscar-winning movie “Spiderman: Into the Spider-verse,” to Netflix.

(An earlier model of this text incorrectly mentioned Sony signed a four-year deal).



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