But not ‘Spider-Man: No Way Home’.
Sony Pictures doesn’t have its own streaming service and that’s good news for Netflix. It was announced today that the film studio has reached a multi-year agreement with Netflix for exclusive licensing rights to the first paid window, beginning with Sony movies for 2022 such as Morbius and Unexplored.
As part of the deal, Netflix will have exclusive streaming rights to the new Sony movies for 18 months, although at this time it’s unclear exactly when that streaming window will begin. Warner Bros. is airing its new releases day and date on HBO Max for 2021 only, while Paramount waits 45 days before putting its new releases on Paramount +. But one thing is known: Sony movies will not make it to Netflix before they are screened in theaters and released on home entertainment platforms, giving Sony the ultimate opportunity to recoup its box office and home video revenue.
The deal also gives Netflix access to various titles in Sony’s movie library, so expect to see many older Sony Pictures movies on Netflix. And also as part of the deal, Netflix has a first-look deal on any streaming title that Sony is considering skipping theatrical releases for. So if Sony decides that a certain movie would be better as a streaming title, expect it to go straight to Netflix. In the same way that Paramount has been selling movies like Coming 2 America and No regrets to Amazon.
Sony Netflix’s deal for new releases doesn’t start until 2022, so the highly anticipated Spider-Man: No Way Home , Which will hit theaters in December, is not included as part of the deal. Nor is Poison: let there be slaughter. But movies that is it so part of the deal includes Jared Letomarvel movie Morbius, Tom holland‘s Unexplored, the Spider-Man: Into the Spider-Verse (Spider-Man: Into the Spider-Verse) sequel, and the Brad Pitt/Sandra Bullock shareholder Bullet train.
This deal is beneficial not just for Sony, but for Netflix as well, which has been losing titles from libraries on the left and right as various studios launch their own streaming services and keep their movies and shows exclusive to their platforms.
READ ON: Here are all the Warner Bros movies of 2021 that will air on HBO Max
The Netflix series takes place 1200 years before the events of the Henry Cavill show.
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