Sony Pictures has signed a new deal with Netflix. Under the deal, Sony will release its films, which are released in cinemas between 2022 and 2026, on the Netflix platform after they are released.
Netflix to release latest Sony movies on its platform
The company, which is already partnering for animes, takes this partnership a step further. Under the deal with Netflix, all of Sony’s projects at Columbia Pictures, Sony Pictures Classics, Screen Gems and TriStar Pictures studios will be released on Netflix from 2022 to 2026.
“Starting in 2022, Netflix will be the new home of Sony Pictures movies,” Netflix announced on its Twitter account about the deal. Be prepared for the upcoming sequels to Uncharted, Morbius, Bullet Train, Where The Crawdads Sing, as well as Venom, Jumanji, Bad Boys and Spider Man: Into The Spider-Verse.”
“This exciting deal once again demonstrates the importance of content for our distribution partners while growing audiences and delivering the best in entertainment,” Keith Le Goy, chief executive of Sony Pictures, said in a statement.
Previously, Disney had a $300 million deal with Netflix from 2016 to 2019. The company was also paid to ship Warner Bros. movies directly to Disney Plus and HBO Max streaming services. Netflix is currently working on a similar change to transfer NBCUniversal’s films to Peacock, which has signed a deal with HBO Max for the series Illumination.
The new deal will allow Netflix to browse Sony-made films it wants to add directly to its system. However, Netflix will get that right if it commits to buying an unspecified minimum number of movies. In addition, the streaming platform will have obtained a license to use old movies in Sony’s library.