May 28, 2023

Netflix to Stream All Sony Pictures in Major Licensing Deal

Sony and Netflix have struck a major deal that will make Netflix the exclusive streaming home for all Sony Pictures movies.

Starting next year, following all of Sony’s new theatrical releases, films such as MorbiusUnchartedBullet Train, and the highly anticipated sequel to Spider-Man: Into the Spider-Verse, will all stream on Netflix. Future releases include more installments of the Jumanji and Bad Boys franchises following their 18-month window availability in theaters. 

This move proves big for both Netflix and Sony since it also means that all future Spider-Man movies and their surrounding cinematic universe titles will only be available on Netflix. 

“At Sony Pictures, we produce some of the biggest blockbusters and the most creative, original films in the industry,” said Keith Le Goy, Sony’s president of worldwide distribution. “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.”

Sony is one of the few major film studios that have yet to launch their own streaming service. By partnering with Netflix, this will allow both companies to better compete with services such as Disney+, Paramount +, HBO Max, and Peacock. 

Scott Stuber, the film head of Netflix, said “This not only allows us to bring their (Sony’s) 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.” 

Source: Variety

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