Netflix & Sony Ink Deal for Movie Streaming

Netflix and Sony Pictures Entertainment (SPE) have closed an exclusive first-pay-window licensing deal in the U.S. for theatrically released feature films, starting with Sony’s 2022 movie slate.

This new agreement builds on Netflix’s pre-existing output deal with Sony Pictures Animation films to now include all SPE film labels and genres.

Under the multiyear pact, Netflix will have first-pay-window rights to SPE titles after their theatrical and home-entertainment windows. Morbius, Uncharted, Where the Crawdads Sing and Bullet Train will be among the initial 2022 offerings, followed by the sequel to Spider-Man: Into the Spider-Verse and several more SPE films featuring Marvel characters, as well as expected follow-ups for the Jumanji and Bad Boys franchises. Netflix will also license rights to select titles from SPE’s movie library.

Sony Pictures’ Motion Picture Group will offer Netflix a first look at any films it plans to make directly for streaming or decides later to license for streaming. Netflix has committed to making a number of those films over the course of the deal.

“Sony Pictures is a great partner and we are thrilled to expand our relationship through this forward-thinking agreement,” said Scott Stuber, head of global films at Netflix. “This not only allows us to bring their impressive slate of beloved film franchises and new IP to Netflix in the U.S., but it also establishes a new source of first-run films for Netflix movie lovers worldwide.”

“Netflix has been a terrific partner as we continue to expand our relationship,” said Keith Le Goy, president of worldwide distribution and networks at Sony Pictures Entertainment. “At Sony Pictures, we produce some of the biggest blockbusters and the most creative, original films in the industry. This exciting agreement further demonstrates the importance of that content to our distribution partners as they grow their audiences and deliver the very best in entertainment.”