Key Takeaways
- Netflix and Sony Pictures Entertainment (SPE) have signed a new global pay-1 deal to stream SPE’s feature films on the platform after their theatrical and home entertainment windows.
- The deal will roll out gradually, starting later this year, with full global availability on Netflix in early 2029.
- Netflix will also license rights to select SPE feature film and television library titles as part of the agreement.
- The new deal expands on Netflix’s current pay-1 rights to SPE’s feature films in select territories, including the U.S., Germany, and Southeast Asia.
- Popular films from the current deal include Uncharted, Spider-Man: Across the Spider-Verse, and Venom: The Last Dance.
Introduction to the Deal
The new global pay-1 deal between Netflix and Sony Pictures Entertainment (SPE) marks a significant expansion of their existing partnership. The agreement will see SPE’s feature films stream on Netflix after their full theatrical and home entertainment windows, providing Netflix subscribers with exclusive access to a wide range of popular and iconic films. The deal is set to roll out gradually, starting later this year, with full global availability on Netflix expected in early 2029. This means that Netflix users around the world will soon be able to enjoy SPE’s feature films, including some of the most highly anticipated releases, from the comfort of their own homes.
Benefits of the Deal for Netflix
The new deal is a major coup for Netflix, which has been looking to expand its library of feature films and television shows. By partnering with SPE, Netflix will be able to offer its subscribers a wide range of popular and iconic films, including hit franchises like Spider-Man and Venom. The deal is also a testament to the enduring appeal of SPE’s theatrical releases, which have proven to be highly popular with Netflix’s global audience. According to Lauren Smith, VP of licensing and programming strategy at Netflix, the deal adds "incredible value" to Netflix subscriptions, giving members exclusive access to SPE’s much-loved films. The deal is also expected to help Netflix attract new subscribers and retain existing ones, as it continues to compete with other streaming services like Amazon Prime and Disney+.
Benefits of the Deal for SPE
The new deal is also a significant win for SPE, which will be able to reach a wider global audience through Netflix. The deal reinforces the strength of SPE’s independence and its ability to create meaningful opportunities for its creative stakeholders, consumers, and partners. According to Paul Littmann, executive VP of global distribution at Sony Pictures Television, the deal takes the partnership with Netflix to the "next level" and underscores the enduring appeal of SPE’s theatrical releases to Netflix’s global audience. The deal is also expected to provide a significant revenue boost for SPE, as it will be able to earn money from its feature films through Netflix subscriptions.
Films Included in the Deal
The new deal includes a wide range of SPE feature films, including some of the most highly anticipated releases. Some of the first SPE feature films that will stream on Netflix as part of the deal include The Nightingale, Buds, The Legend of Zelda, Spider-Man: Beyond the Spider-Verse, and Sam Mendes’ quarter of Beatles films. These films will be available to Netflix subscribers around the world, providing them with exclusive access to some of the most popular and iconic films of the year. The deal also includes a range of library titles, which will be available to stream on Netflix in the coming months.
Conclusion
In conclusion, the new global pay-1 deal between Netflix and SPE is a significant expansion of their existing partnership. The deal will provide Netflix subscribers with exclusive access to a wide range of popular and iconic films, including hit franchises like Spider-Man and Venom. The deal is also a major win for SPE, which will be able to reach a wider global audience through Netflix and earn significant revenue from its feature films. With the deal set to roll out gradually over the coming months, Netflix subscribers around the world can look forward to enjoying some of the most highly anticipated films of the year, from the comfort of their own homes.