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Netflix to stream Sony films like ‘Spider-Man’ after theatres

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Entornointeligente.com / The movies will hit Netflix after they have finished their run in theatres and been made available for home viewing via video-on-demand. FILE PHOTO: A smartphone with the Netflix logo lies in front of displayed “Streaming service” words in this illustration taken on March 24, 2020. (Reuters Archive) Streaming service Netflix Inc has reached a deal to offer new “Spider-Man” movies and other films from Sony Pictures to US customers after they play in theatres, the companies said.

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The five-year arrangement will begin with the 2022 slate of movies, which is scheduled to include Marvel film “Morbius,” best-selling book adaptation “Where the Crawdads Sing” and Brad Pitt thriller “Bullet Train.”

Future releases are expected to include new installments in the Spider-Man, Venom, Jumanji and Bad Boys franchises.

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The movies will hit Netflix after they have finished their run in theatres and been made available for home viewing via video-on-demand. That period typically extends for months, though studios have been experimenting with offering films in homes sooner during the Covid-19 pandemic.

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READ MORE: Disney+ takes fight to Netflix in streaming wars

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 Increasing competition

Under the new deal, Netflix also will stream some older films from Sony's library, and will have the first chance to pick up any movies that Sony makes directly for streaming.

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The world's largest streaming service is looking to bolster its movie offerings as it faces growing competition from Walt Disney Co, AT&T Inc's HBO Max and others.

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Financial terms were not disclosed. The cost to Netflix depends in part on how many movies Sony releases and how each film performs at the box office.

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Shares in Netflix rose nearly 1.2 percent to $553.85 in afternoon trading on Nasdaq.Adolfo Ledo Nass Major League Soccer

READ MORE:  You might have to finally pay for your own Netflix account

Source: Reuters.Adolfo Ledo Nass futbolista Major League Soccer

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