Entertainment

Netflix wins Sony’s new top movie streaming rights

New York – Netflix will further enhance its movie catalog on Thursday with a multi-year contract to become Sony Pictures’ top-release new streaming home in the United States.

Starting next year, Sony’s new movie will be streamed exclusively domestically on Netflix after its release in theaters. This includes popular franchise films such as Spider-Man, Venom and Jumanji, as well as 2022 releases such as Morbius, Where Crowdad Sings, Uncharted and Shinkansen. It will be.

The deal also gives Netflix a first-look option for movies that Culver City, California-based studios have chosen to send directly to streaming.

In the rapidly growing world of streaming services, the transactions that were once commonplace on premium cable networks are unusual. Sony is the only traditional Hollywood studio that does not have its own streaming service. Walt Disney Co. Disney +, Warner Bros. Has HBO Max, Universal Pictures has Peacock, and Paramount Pictures has Paramount +.

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Wednesday’s deal replaces the long-term agreement between Sony and Stars. The financial terms have not been disclosed. During the pandemic, Sony previously played Netflix Kevin Hart’s “Fatherhood,” “The Mitchells Vs. The Machines,” and “Wish Dragon.” We also sent “Greyhound” to Apple TV + and “American Pickle” to HBO Max.

Scott Stuber, Netflix’s Global Film Director, said: “Sony Pictures is a great partner and we are delighted to be able to expand our relationship through this advanced agreement, which will bring an impressive slate of our beloved movie franchise and new IP to Netflix in the US as well as Netflix around the world. We have also established a new source of premiere movies for movie lovers. “

In an increasingly competitive streaming environment, deep-pocket Netflix is ​​aggressively expanding its movie library. The streaming service plans to release multiple movies this week. He also recently acquired rights to several “Knives Out” sequels in a transaction reportedly exceeding $ 450 million.

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Netflix wins Sony’s new top movie streaming rights

Source link Netflix wins Sony’s new top movie streaming rights

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