Updated: May 19
Only a few weeks back, Sony Pictures concluded a contract with Netflix concerning exclusive rights for their theatrical streaming releases in 2022, as well as new catalogue titles. Disney has now announced a licence agreement for 2022-2026 Sony Pictures and the number of its older catalogue names.
Then what happens? So what happens? For the time after movies are made theatrically available and on request, Netflix's contract secures exclusive rights in the US, about 9 months after they have been released into theatres.
Disney's offer follows on with the timeframe where movies normally appear on cable television or radio ad networks (as Deadline mentions, this deal follows up on a similar one Sony had with the now-Disney-owned network FX).
In addition to new films, the contract secures distribution rights for older films including films absent from the MCU on Disney+ and even in the Spider verse. The agreement also ensures (after their exclusivity on Netflix expires). Apart from Disney+ and the various cable networks of the business, this also includes Hulu and adds a "numerous library titles" in the press releases beginning in June.
There's no word on how much money has changed ,But Sony Pictures exec Keith Le Goy said in a statement "This deal builds on a core aspect of our distribution plan for film by making it available across all windows with a wide variety of key partners to customers," which was to increase the appeal of both of our films.