Coming in from Variety, Sony Pictures has struck a deal with Netflix which grants the streaming giant the exclusive rights of the studio’s films following their theatrical releases starting in 2022. These will include the upcoming features Morbius and Venom: Let There Be Carnage.
After many years of big production studios selling certain rights, buying up new intellectual property and leaving certain fan-favorite franchises in limbo, this new deal comes as a relief in that Starz will no longer have exclusive rights to Sony Pictures’ films and more viewers will get to watch without paying extra.
The agreement, which came at a very high price, followed Netflix making a deal with Sony for its animated features.
Now live-action films from the smaller studios the company owns will get more circulation. These studios are Columbia Pictures, Sony Pictures Classics, Screen Gems and TriStar Pictures.
Marvel fans who look forward to the Venom sequel Let There Be Carnage and Morbius will be able to enjoy these releases in theaters then on Netflix where they will stay for them to re-watch time and again.
This was confirmed in a Tweet from @Netflixfilm itself;
Starting in 2022, Netflix will be the first US streaming home for Sony Pictures films following their theatrical releases. Get ready for UNCHARTED, MORBIUS, BULLET TRAIN & WHERE THE CRAWDADS SING, plus future sequels to VENOM, JUMANJI, BAD BOYS & SPIDER-MAN: INTO THE SPIDER-VERSE
— NetflixFilm (@NetflixFilm) April 8, 2021
This will create more opportunities for the studio, with both fans who go to theaters and ones who stream from home, with the possibility of some going straight to digital streaming.
Netflix will also get licenses for past releases of Sony that will be available exclusively there as well.
Check back for more soon!