According to the information that Netflix has officially reported, the company and Sony Pictures Entertainment (SPE) have announced a multiyear, exclusive first pay window licensing deal in the US for theatrically released SPE feature films, beginning with their 2022 film slate. The new partnership will replace the one Netflix had run with Starz. In addition, as part of the partnership, Sony Pictures will offer Netflix a first look at any films it intends to make directly for streaming or decides later to license for streaming, and Netflix has committed to make a number of those films over the course of the deal.
‘Sony Pictures is a great partner and we are thrilled to expand our relationship through this forward-thinking agreement’, said Scott Stuber, Head of Global Films at Netflix. ‘This agreement not only allows us to bring their impressive slate of beloved film franchises and new IP to Netflix in the US, but it also establishes a new source of first run films for Netflix movie lovers worldwide’.
According to the information reported by Netflix in its Q4 2020 financial results report, the platform features more than 37 million subscribers in Latin America, and expects to end the first quarter of 2021 with a total of 209 million subscribers worldwide. In addition, Netflix has recently announced its plan to release original films every week.