Just a few weeks ago Sony Pictures has struck a deal with Netflix on exclusive streaming rights for its theatrical streaming releases from 2022, as well as the catalog titles and some new originals that they will team up to produce. Now disney also announced a licensing agreement with Sony Pictures for theatrical releases from 2022 to 2026, as well as the number of its old catalog titles.
So what is going on? The Netflix agreement secures exclusive U.S. rights for the period after the films are released in theaters and on Blu-ray / VOD, approximately nine months after their theatrical release. Disney’s deal goes into effect after that, for the window where movies are typically shown on cable TV or broadcast networks with commercials (like Deadline mentions, this agreement follows a similar agreement that Sony had entered into with the now owned by Disney FX network).
Along with the new movies, the deal also secures the streaming rights for older movies, including the Spider-Man movies that were missing from the MCU set on Disney + and evne Into the Spider-Verse (after expiration of their exclusivity on Netflix). Besides Disney + and the company’s various cable networks, this also covers Hulu, and a note in the press release will add a “significant number of library titles” starting in June.
It’s unclear how much money changes hands, but Keith Le Goy, director of Sony Pictures, said in a statement that “this deal cements a key part of our film distribution strategy, which is to maximize the value of each of our films, making it available to consumers across all windows with a wide range of key partners. “
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