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Sony Pictures has chosen to delay its entire slate rather than consider Digital/streaming releases, & starting in 2022, Netflix will be the exclusive home for the studio's slate following theatrical runs.
Unlike most major studios, Sony Pictures chose to delay its entire 2020 slate rather than sell movies off to streaming services or consider Digital debuts.
It doesn't help that they don't have a streaming platform of their own, of course, but we now know that Netflix will become the exclusive destination for its entire slate from 2022 onwards.
"At Sony Pictures, we produce some of the biggest blockbusters and the most creative, original films in the industry. This exciting agreement further demonstrates the importance of that content to our distribution partners as they grow their audiences and deliver the very best in entertainment,"
Keith Le Goy, Sony's president of worldwide distribution.
For theatrically released films, the five-year pact will begin with Sony's 2022 slate, which includes Morbius, Uncharted, Bullet Train and the sequel to the Oscar-winning Spider-Man: Into the Spider-Verse.
In the future, it will also cover installments from major Sony franchises like Jumanji and Bad Boys. Sources tell THR that the deal is worth roughly $1 billion to Sony.
Netflix Nabs Post-PVOD Streaming Rights to Sony’s Feature Films in Multiyear Deal
The multiyear, exclusive first pay window licensing deal in the U.S. will begin with the studio's 2022 film slate, which includes anticipated titles like 'Morbius' and 'Uncharted'.
www.hollywoodreporter.com
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