Netflix Eyeing Sony Pictures Streaming Gold Rush in 2022

Netflix is eyeing a streaming heyday later this year when it assumes exclusive distribution rights to Sony Pictures’ box office releases. The pay-one distribution deal does not apply to recent Sony hits Spider-Man: No Way Home, Venom: Let There Be Carnage and Ghostbusters: Afterlife.

With no proprietary streaming distribution, Sony last year inked exclusive pacts with Netflix, and separately Disney+, for distribution of its theatrical titles, beginning in 2022. It was a shrewd move by Netflix considering Sony, at the time, had shelved all major theatrical releases due to the pandemic.

The agreement, which replaced an output arrangement with Lionsgate-owned Starz dating back to 2005, provides Netflix with an 18-month exclusive window for all Sony movies. Thereafter, Disney+ will have access to the movies.

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

The streaming pact includes expected 2022 theatrical follow-ups for the “Jumanji” and “Bad Boys” franchises. Netflix will also license rights to select titles from SPE’s movie library.

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