By JAKE COYLE, AP Movie WriterNEW YORK (AP) — Netflix additional beefed up its movie catalog on Thursday in a multi-year deal that can make it the brand new streaming residence to Sony Footage’ prime releases within the U.
Starting subsequent 12 months, Sony’s new movies will solely stream domestically on Netflix after their theatrical runs.
That features motion pictures in widespread franchises like “Spider-Man,” “Venom” and “Jumanji,” and 2022 releases together with “Morbius,” “The place the Crawdads Sing,” “Uncharted” and “Bullet Practice.
”The settlement additionally provides Netflix a first-look possibility on any movies the Culver Metropolis, California-based studio elects to ship on to streaming.
In a world of rapidly proliferating streaming providers, the deal — as soon as the type that might have usually gone to premium cable networks — is an anomaly.
Sony is the one conventional Hollywood studios with out a streaming service of its personal.
The Walt Disney Co.
has Disney+, Warner Bros.
has HBO Max, Common Footage has Peacock and Paramount Footage has Paramount+.
Wednesday’s deal replaces a long-running settlement between Sony and Starz.
Monetary phrases weren’t disclosed.
Throughout the pandemic, Sony beforehand bought to Netflix Kevin Hart’s “Fatherhood,” “The Mitchells Vs.
The Machines” and “Want Dragon.
” It additionally despatched “Greyhound” to Apple TV+ and “American Pickle” to HBO Max.
“Sony Footage is a superb accomplice and we’re thrilled to broaden our relationship by this forward-thinking settlement,” stated Netflix world movie head Scott Stuber.
“This not solely permits us to convey their spectacular slate of beloved movie franchises and new IP to Netflix within the U.
, however it additionally establishes a brand new supply of first run movies for Netflix film lovers worldwide.
”Within the more and more aggressive streaming panorama, the deep-pocketed Netflix has been aggressively increasing its movie library.
The streaming service plans to launch a couple of movie every week this 12 months.
It additionally just lately acquired the rights to a number of “Knives Out” sequels in a deal that reportedly exceeds $450 million.
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