Sony Pictures Enters a Streaming Deal with Netflix

Labor News, Industry News

Reprinted from The New York Times by Nicole Sperling on April 8. 2021.

In another sign of Netflix’s growing dominance, Sony Pictures Entertainment has signed a five-year deal that will give the streaming giant the exclusive US rights to Sony’s films once they leave theaters and premium video-on-demand services.

The deal, which begins with the studio’s 2022 releases, builds on Netflix’s existing partnership with Sony Pictures Animation and replaces the agreement Sony, one of the few major studios without its own streaming service, has had with Starz Entertainment since 2005.

That means that upcoming films like Morbius, which features Jared Leto playing the Marvel vampire, and Uncharted, starring Tom Holland in an adaptation of a Playstation game, will become available on Netflix after they complete their theatrical and on-demand runs. As part of the deal, Sony will make two to three direct-to-streaming movies a year for Netflix, expanding Sony’s slate and giving Netflix exclusive films for its service. …

NY Times 4/8

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About Jeffrey Burman 861 Articles
Jeff Burman served on the Guild’s Board of Directors from 1992 to 2019. He is now retired. He can be reached at jeffrey.s.burman.57@gmail.com.

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