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Netflix beefs up movie catalog in multi-year deal to completely stream Sony Pictures’ prime releases – Entertainment News , Firstpost

Sony’s new movies embody options in common franchises like Spider-Man, Venom and Jumanji, which can stream on Netflix after their theatrical launch

Netflix additional beefed up its movie catalog on Thursday in a multi-year deal that can make it the brand new streaming dwelling to Sony Pictures’ prime releases within the US.

Beginning subsequent 12 months, Sony’s new movies will completely stream domestically on Netflix after their theatrical runs. That consists of films in common franchises like Spider-Man, Venom and Jumanji, and 2022 releases together with Morbius, Where the Crawdads Sing, Uncharted and Bullet Train.

The settlement additionally provides Netflix a first-look possibility on any movies the Culver City, California-based studio elects to ship on to streaming.

In a world of rapidly proliferating streaming providers, the deal — as soon as the type that will have usually gone to premium cable networks — is an anomaly. Sony is the one conventional Hollywood studios with out a streaming service of its personal. The Walt Disney Co has Disney+, Warner Bros. has HBO Max, Universal Pictures has Peacock and Paramount Pictures has Paramount+.

Wednesday’s deal replaces a long-running settlement between Sony and Starz. Financial phrases weren’t disclosed. During the pandemic, Sony beforehand offered to Netflix Kevin Hart’s Fatherhood, The Mitchells Vs. The Machines and Wish Dragon. It additionally despatched Greyhound to Apple TV+ and American Pickle to HBO Max.

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

In the more and more aggressive streaming panorama, the deep-pocketed Netflix has been aggressively increasing its movie library. The streaming service plans to launch a couple of movie every week this 12 months. It additionally not too long ago acquired the rights to a number of “Knives Out” sequels in a deal that reportedly exceeds $450 million.

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