Furthermore, streaming rights for Sony flicks after Netflix gets them first.
Only a few of weeks prior, Sony Pictures settled a negotiation with Netflix over exclusive streaming rights for its theatrical streaming releases beginning in 2022 just as catalog titles and some new originals they will team up to produce.
Presently Disney has additionally reported a licensing deal with Sony Pictures for theatrical releases from 2022 – 2026, just as number of its older catalog titles.
So what’s happening? Netflix’s deal secures exclusive US rights for the period after the films are released theatrically and on Blu-beam/video on-demand, around nine months after they turn out in theaters.
Disney’s deal kicks in from that point onward, for the window where films for the most part run on cable TV or broadcast networks with advertisements (as Deadline makes reference to, this arrangement circles back to a comparative one Sony had with the now-Disney-owned network FX).
Other than new movies, the deal additionally secures streaming rights for more established films including Spider-Man films that have been absent from the MCU set on Disney+ and evne Into the Spider-Verse (after their eliteness on Netflix expires).
Other than Disney+ and the company’s different cable networks, this likewise covers Hulu and a note in the press release it will add a “significant number of library titles” beginning in June.
There’s no word on how much money is changing hands, yet Sony Pictures executive Keith Le Goy said in an articulation that “This agreement cements a key piece of our film distribution strategy, which is to maximize the value of each of our films, by making them available to consumers across all windows with a wide range of key partners.”