Netflix has struck a significant deal with Sony Pictures Entertainment. This partnership gives Netflix exclusive global rights to Sony’s films after they finish their theatrical and home entertainment runs. The agreement starts in 2026 for certain regions and will fully take effect by early 2029.
Currently, Netflix holds Pay-1 rights in the U.S., Germany, and Southeast Asia, allowing it to stream movies soon after their theater runs. The financial details of the pact are under wraps, but estimates suggest it could exceed $7 billion, making it one of the largest agreements of its kind.
Lauren Smith, Netflix’s Vice President of Licensing and Programming Strategy, explained that this deal enhances the value of their subscription service. Sony’s popular franchises, including Spider-Man: Across the Spider-Verse, have performed well with U.S. viewers. Smith is excited that these offerings will now reach a global audience.
Paul Littmann, Sony Pictures Television’s Executive VP of Global Distribution, echoed this sentiment, noting that films like Uncharted and Anyone But You gained visibility on Netflix after their release. Looking ahead, Sony has several high-profile films lined up, such as new Spider-Man installments and sequels to The Social Network and Jumanji set for 2026 and beyond.
This deal signifies a growing trend in the streaming industry. As streaming platforms compete for exclusive content, the stakes continue to rise. In fact, a recent report highlighted that streaming subscriptions in the U.S. reached 204 million in early 2023, marking a steady increase as audiences seek diverse viewing options.
In a dynamic media landscape, partnerships like this indicate a shift toward collaboration over competition. As streaming services expand globally, deals like Netflix and Sony’s will shape how viewers access films in the future. You can check out more about this deal here.
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