Netflix Earns Sony Picture Movie Streaming Rights, Including 'Spider-Man: No Way Home'

Illustration (Photo by Марьян Блан | @marjanblan)

JAKARTA - Netflix has finally reached an agreement to acquire the rights to sony picture cinema films. This means that sony-directed or licensed films that have finished showing in theaters can be watched on streaming platforms.

Cited from IGN, Friday, April 9, there are a number of Sony films that Netflix plans to screen in 2022. Some of them are "Spider-Man" movies and a number of Marvel characters owned by Sony, such as Morbius and Venom.

Sources say the rights deal is worth hundreds of millions of U.S. dollars. The deal will reportedly last for five years, as summarized by the New York Times.

Sony Picture is quite left behind compared to other production houses. Because Sony does not have its own streaming platform like Disney+ or HBO Max.

On the other hand, Netflix's need to add to their streamed movie library list is also increasing. Given competitors like Disney+ that already has Marvel, HBO Max, and Lionsgate play that already have more movies and TV shows of their own.

Although Netflix has pretty much made its own films over the past few years and received 36 Oscar nominations for 2020. But Netflix still wants popular theater movies made by other studios to be included in their streaming library lists.

So, what will Netflix get?

It was reported by the Wall Street Journal that the latest film Spider-Man: No Way Home will air on Netflix after its official theatrical release. Likewise with films from studios under Sony Pictures, such as the Jumanji franchise. These studios include Columbia Pictures, Sony Pictures Classics, Screen Gems, and TriStar Pictures.