Netflix and Sony Pictures Entertainment have agreed to a new licensing deal that will allow subscribers of the world’s most popular streaming service to enjoy upcoming blockbusters such as Morbius, Uncharted, Where the Crawdads Sing, and Bullet Train after they hit theaters. The pricey agreement, which will cost Netflix as much as $1 billion over the course of four years, not only grants the streamer an 18-month exclusive window for Sony films but a first-look deal for any of the studio’s direct-to-streaming titles. Select titles such as Spider-Man, Venom, Jumanji, and Bad Boys are also expected to join Netflix’s catalog as a part of the deal.
Netflix And Sony Break Ground With Film Licensing Deal Replacing Starz Pact, Including First Look At New Direct-To-Streaming Titles https://t.co/6uuP7rSEYh— Deadline Hollywood (@DEADLINE) April 8, 2021
“Sony Pictures is a great partner and we are thrilled to expand our relationship through this forward-thinking agreement,” Netflix film chief Scott Stuber said in the official announcement. “This not only allows us to bring their 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.”