The streaming giant gained control over the Lionsgate Entertainment-owned Starz platform.
Netflix tame the lions in its bid for exclusive rights from Sony Pictures, against the Starz network (owned by Lionsgate) to win streaming rights for Sony’s films, in the future.
Netflix to exclusively stream Sony Pictures movies
After a bidding war that lasted almost two years, a winner finally emerged, holding exclusive rights to Sony Pictures films. That winner is Netflix, and it will stream Sony’s theaters from 2022.
As Sony Pictures’ press release stated, Netflix won the first right to pay on all Sony movies, plus any rights it had expected for the streaming market. Not only that, Netflix also received a selection of existing Sony Pictures titles.
What does the Netflix/Sony Pictures deal have to do with it?
As already mentioned, it grants Netflix exclusive rights to stream Sony Pictures movies. The deal also means Netflix could get a first look at any new Sony series in its plans to launch through streaming.
However, to clarify, this is only the first look. Netflix can then decide if they want to sign the movie as exclusive; the agreement states that Netflix must sign certain Sony Pictures releasees.
Because this is only a “first look”, this means that Sony Pictures has no contract obligation to sell the rights to any given movie to Netflix.
That may sound confusing, but it basically means that while Netflix may consider a previous movie, Sony Pictures is still free to offer the movie to rivals if they wish. Netflix still has to maintain an agreement to sign Sony’s minimum movie quota.
What Sony Pictures movies will Netflix get?
Currently, we do not have any confirmation of the Sony Pictures movies that Netflix will win the rights to. We knew it would get some existing titles under the agreement, but we didn’t know what these would be.
We already know that Netflix has a monopoly on animated releasees of Sony Pictures, so they are safe. However, according to the press release, Netflix will also win rights to movies from:
Columbia Pictures, Screen Gems, TriStar Pictures, 3000 Pictures, Sony Pictures Animation, Stage 6 Films, AFFIRM Films, Sony Pictures International Productions, and Sony Pictures Classics.
All of the above is under the banner of Sony Pictures Entertainment, so this is great news for Netflix.
Are you a Netflix subscription?
If you’re already subscribed to Netflix, you’ll be quite interested in this news. With Sony Pictures handling Ghostbusters, Spider-Man and Venom movies, among many others, you’ll have a lot of things about images in store in the coming years.