A multiyear agreement announced on Thursday (Jan 15) expands a partnership the companies struck in 2021. That accord gave Netflix US rights to show Sony films after their theatrical release and after they are available for online purchase or rental, as well as rights in Germany and parts of Asia.
Sony Pictures will gradually start appearing on Netflix globally later this year as individual territory rights become available, the companies said in a statement, with the rollout complete by early 2029. As part of the deal, Netflix will also be able to license select films and TV series from Sony’s library, which includes hit franchises such as Spider-Man and Jumanji.
The deal is worth roughly US$7 billion and runs till 2032, according to sources familiar with the matter, who asked not to be named as the terms are not public. It beefs up Netflix’s lineup of theatrical pictures, a slate that could grow even more if the streaming company acquires the studio operations of Warner Bros Discovery. It’s vying with Paramount Skydance with duelling bids for Warner Bros.
In 2024, Netflix expanded a deal with Comcast’s NBCUniversal, adding rights to stream live-action films to an agreement for animated pictures from the studio’s DreamWorks Animation and Illumination divisions.
Starting in 2027, the live-action films from Universal Pictures and Focus Features, which include franchises such as Fast & Furious and Jurassic Park, will appear on Netflix “no later than eight months following theatrical release”, the companies said at the time.
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