With everybody launching their own streaming service nowadays like NBC's Peacock and CBS' newly rebranded Paramount Plus, it's almost surprising that Sony hasn't done something similar given their impressive catalog. Well, Netflix seems to have solved that problem for them, and now the two companies have joined forces for upcoming releases.
Sony has just struck a deal to release their upcoming films exclusively on Netflix. Beginning in 2022, Netflix has gained exclusive streaming rights for all of Sony's movies, such as Morbius and Tom Holland's Uncharted, which are both set to drop that year. It also gives Netflix the first crack at any movies Sony decides to release straight to streaming. Netflix's exclusivity is set for 18 months, though it's unclear if that time starts now or in 2022.
Aside from the streaming exclusivity, Netflix will now be home to a plethora of films from Sony's library, which will likely be good news for fans of the films who enjoy having all their entertainment in one place as much as possible. As for new releases, both companies have confirmed that any theatrical films will still premiere in theaters before coming to Netflix, ensuring Sony won't miss out on that particular revenue stream.
Netflix's deal will include films like the aforementioned Morbius and Uncharted, as well as the sequel to Spider-Man: Into the Spider-Verse and Bullet Train starring Brad Pitt and Sandra Bullock, which is probably welcome news for those experiencing some of that superhero burnout. Since the deal specifies 2022, it means other anticipated movies including Spider-Man: No Way Home and Venom: Let There Be Carnage won't be included, since they're both eyeing 2021 releases.
This is good news for a lot of people, from the folks at Sony who get to maintain control while maximizing exposure, to Netflix and their ever growing collection. That's not to mention all the viewers breathing sighs of relief knowing they won't have to subscribe to yet another new streaming platform just to watch movies they'd already been enjoying without any issues. The deal feels reminiscent of the similar one struck between Warner Bros. and HBO Max, where it benefits both companies and removes the need for more clutter. Plus, that deal was part of the reason the excellent Harley Quinn series is easier for everyone to watch now, and that's always worth celebrating.
It's currently unclear when older Sony films will begin appearing on Netflix, but it shouldn't be long. Even as people are beginning to get vaccinated and parts of the outside world are becoming safer, there are still tons of people wisely staying inside, and the more entertainment they have to keep them company, the better.
Source: Variety