Sony Pictures Streaming Home Will Be Netflix.

Sony Pictures has eventually entered the streaming wars by betting on Netflix. The studio and Netflix announced a multifaceted agreement on March 9 that will offer the streaming service proven franchises like “Spider-Man” and sends a strong signal that “Sony+” is not on the horizon.Netflix will be the exclusive home of Sony’s theatrical releases during the Pay One window starting in 2022. (aka after movies leave theaters and have been released on DVD). Future “Venom” and “Spider-Man” installments, as well as “Morbius” and “Bullet Train,” will be included.

Netflix recently surpassed 200 million subscribers, but it faces stiff competition from multibillion-dollar media conglomerates. As studios launched their own streaming services, deals with Netflix were canceled. The Sony deal offers Netflix a number of advantages over other streaming services that use legacy studio IP to build a closed structure for their library content.As part of the deal, Sony will give Netflix first access to any films it plans to stream directly or later license to the streaming service. Over the course of the contract, Netflix has committed to producing a variety of these films.

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Elina Raven is an author and content writer for maxblizz. Elina completed her graduation in MA Screen Production - Screenwriting and Documentary at the University Of the West Of England, Bristol.

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