Netflix has closed a mega deal with Sony Pictures. That company decided not to release a single film last year and to postpone all releases.
What doesn’t help for Sony is that it doesn’t have its own streaming service, like movie studios like Disney and Warner Bros. have that. But a solution has now been devised for this. Netflix will be the exclusive home of Sony films from 2022. At least after the films have been screened in the cinema.
It’s a multi-year and pretty big deal, according to The Hollywood Reporter. Netflix is supposed to exclude movies like Morbius, Uncharted on Spider-Man: Into the Spider-Verse 2 may show. That is after the films have been shown in the cinema and the home entertainment period is over. It usually takes eighteen months for that to pass.
At the same time, it may well be that the release of films on Netflix may put films online faster. That also means future releases, such as the new one Jumanjimovies, will be on Netflix. Netflix pays no less than $ 1 billion for that.
Netflix will also gain access to a whole new content library through this deal. Titles from Sony and also Columbia (which has been around for almost a century) can come to Netflix. In return, Netflix also finances Sony’s new films.
Under the deal, a whole slew of Marvel content will also come to Netflix, including future films in the Venom even Spider-Manfranchise. Specifically, will Venom: Let There Be Carnage on Spider-Man: No Way Home do not fall under these conditions, because the films will be released in 2021.
Marvel / Sony films that are released after that, will be on Netflix. A special development, especially now that Disney + has been put on the market as the home of Marvel content.