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Netflix Buys Streaming Rights To All Future Sony Movies, Including Spider-Man

by : Niamh Shackleton on : 09 Apr 2021 18:34
Netflix Buys Streaming Rights To All Future Sony Movies, Including Spider-ManSony

Marvel fans rejoice – Netflix has reportedly bought the streaming rights to the old Sony Spider-Man movies.

The popular streaming service announced the news yesterday, April 8, that it had entered a multi-year contract with Sony which will see old Sony films, such as Andrew Garfield’s Spider-Man movies, being released on Netflix.

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As well as this, Netflix now has first dibs on the studio’s new, original movies produced for the direct-to-streaming market.

Sony Pictures Releasing Sony Pictures Releasing

According to The Wall Street Journal, the deal will begin with Sony Entertainment’s 2022 movie slate, and will see Netflix commit to ordering some of Sony’s new movies.

The deal will span across five years, and while there is limited information surrounding the terms of the deal, sources tell The Wall Street Journal that it’s thought to be worth ‘worth several hundred million dollars annually’, totalling up to more than $1 billion over the five years.

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The Marvel movies coming to Netflix don’t stop at Spider-Man films either; others such as Tom Hardy’s Venom and Moribus that Sony have the rights to could also come to the streaming platform. However, much to British movie-watchers’ dismay, the deal only covers the US.

Pexels Pexels

Reportedly, the auction to the rights to the films spanned two years, Variety reports. It’s unknown who else was bidding for the contract.

Despite having just partnered up with the world’s largest streaming platform, Sony executives are said to be working on ‘another significant theatrical movie licensing pact’ outside of its agreement with Netflix, Variety writes.

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Niamh Shackleton

Niamh Shackleton is a pint sized person and journalist at UNILAD. After studying Multimedia Journalism at the University of Salford, she did a year at Caters News Agency as a features writer in Birmingham before deciding that Manchester is (arguably) one of the best places in the world, and therefore moved back up north. She's also UNILAD's unofficial crazy animal lady.

Topics: Film and TV, movies, Netflix, Now, Sony, Spider-Man

Credits

The Wall Street Journal and 1 other
  1. The Wall Street Journal

    Netflix Inks Deal for Rights to Sony Movies, Including Coming ‘Spider-Man’ Films

  2. Variety

    Sony Pictures Moves Movie Output Deal From Starz to Netflix in Rich Pact