This is a really interesting set of deals that Sony has made with Netflix and Disney.
So, what they did was agree on a limited exclusivity deal with Netflix which will see the new Spider-Man films be released on the streaming service directly after their theatrical runs.
This news comes to us from Variety, and it does at first sound a bit complicated.
In a nutshell, what’s happening is that the new Spider-Man movies will be released in cinemas first, then on Netflix for a few weeks, and then they’ll be turning up on Disney Plus.
This deal only covers the United States, so I’m not sure what will be happening in the UK and Europe.
The deal is also for Sony’s other cinematic releases starting in 2022 and goes on until 2026.
Sony and Disney have agreed on a deal that will bring Spider-Man to Disney Plus
Honestly, these deals have been very lucrative for Sony.
They don’t have their own streaming service, so it makes sense for them to license out their properties to other streaming services such as Netflix and Disney Plus.
According to Variety: “With Netflix and Disney deals combined, Sony is expected to rake in about $3 billion in movie licensing over the life of the deals.”
That’s quite an impressive sum of money and is one of the reasons why Sony is still doing pretty well even with the pandemic.
Other studios, such as Warner Bros. Pictures have really struggled throughout the pandemic.
Sony is being quite smart in licensing out their IPs
And that’s even despite the fact that Warner Bros. Pictures does have its own streaming service of sorts in HBO Max.
The issue is that HBO Max isn’t available worldwide.
Sony, rather than spending the money on making their own streaming platform, have opted just to license their properties out to other streamers for huge sums of money.
It’s a very smart move and I’m pretty sure it’ll serve them well in the future.
What do you make of this news?
Are you looking forward to seeing the new Spider-Man movies on Netflix and then on Disney Plus (if you’re based in the US)?
Let us know your thoughts in the comments below.
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