The Walt Disney Co. and Sony Pictures Entertainment have announced a multiyear content licensing agreement for U.S. streaming and TV rights to Sony Pictures’ new theatrical releases across Disney Media & Entertainment Distribution’s portfolio of platforms.
Platforms include its streaming services Disney+ and Hulu, as well as linear entertainment networks ABC, Disney Channels, Freeform, FX and National Geographic.
The deal covers theatrical releases from 2022 to 2026 and begins for each film following its Pay 1 TV window. The agreement builds upon the companies’ prior arrangement, which saw Sony movies licensed to FX in the post-Pay 1 TV window.
The films will go to Disney platforms after Netflix, which also recently made a licensing deal with Sony.
The deal also grants rights to a significant number of Sony’s library titles, ranging from the “Jumanji” and “Hotel Transylvania” franchises to Sony Pictures’ universe of Marvel character films, including Spider-Man.
The agreement provides Hulu access to a significant number of library titles beginning as early as this June.
“This landmark multiyear, platform agnostic agreement guarantees the team at Disney Media and Entertainment Distribution a tremendous amount of flexibility and breadth of programming possibilities to leverage Sony’s rich slate of award-winning action and family films across our direct-to-consumer services and linear channels,” Chuck Saftler, head of business operations for ABC, Freeform, FX Networks and acquisitions in DMED’s Networks division, said in a statement. “This is a win for fans, who will benefit from the ability to access the very best content from two of Hollywood’s most prolific studios across a multitude of viewing platforms and experiences.”
“This groundbreaking agreement reconfirms the unique and enduring value of our movies to film lovers and the platforms and networks that serve them,” Keith Le Goy, president, worldwide distribution and networks, Sony Pictures Entertainment, said in a statement. “We are thrilled to team up with Disney on delivering our titles to their viewers and subscribers. This agreement cements a key piece of our film distribution strategy, which is to maximize the value of each of our films, by making them available to consumers across all windows with a wide range of key partners.”
Financial terms of the agreement were not disclosed.