Sony’s Spider-Man Films Will Be Netflix Limited Exclusives

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Sony and Netflix have just agreed on a $1 billion deal which means that Sony’s movies, including their Spider-Man films, will come to the streaming platform before any other.

This news comes to us via Deadline.

The deal means that the upcoming Spider-Man films and the Spidey spinoff movies such as Morbius and Venom 2 will be made available on Netflix before any other streaming service.

This is a bit of a kick in the teeth for Disney and their Disney Plus streaming service.

I’m pretty sure they would have rather had the Spider-Man films come to their streaming service after its theatrical run.

However, this new licensing deal between Netflix and Sony will prevent that.

Netflix now has an 18-month exclusive window for Sony films.

The deal makes sense for Sony Pictures since they do not have a streaming service of their own.

Rather than having the hassle and the expense of starting up their own one, they’ve opted to be paid $1 billion to have their films go to Netflix after they’ve been released in cinemas.

The upcoming Spider-Man and Spidey spinoff movies will be Netflix timed exclusives

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Credit: Marvel Studios

Read more: EXCLUSIVE: Andrew Garfield Has Signed On To Cameo In A Future Spider-Man Movie

Here’s what Netflix film chief Scott Stuber said in the official announcement:

Sony Pictures is a great partner and we are thrilled to expand our relationship through this forward-thinking agreement. This not only allows us to bring their impressive slate of beloved film franchises and new IP to Netflix in the U.S., but it also establishes a new source of first-run films for Netflix movie lovers worldwide.

Sony distribution and networks chief Keith Le Goy added:

This exciting agreement demonstrates the importance of that content to our distribution partners as they grow their audiences and deliver the very best in entertainment.

What do you make of this news?

Let us know your thoughts in the comments below.

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