Marvel movies will stream on Netflix in blow to Disney Plus

As Hollywood studios have been feverishly carving out their areas in the streaming world with the launch of providers resembling Disney Plus, HBO Max, and Peacock, Sony has remained remarkably quiet.

On Thursday it took a stand, announcing a cope with Netflix that will give the streamer entry to Sony characteristic movies beginning in 2022, together with the sequel to Spider-Man: Into the Spiderverse, and different Marvel titles not owned by Disney. The movies will be launched on Netflix solely after they’ve run in theaters and on premium video-on-demand providers.

Whereas Sony is stopping wanting coming into the streaming race by increase its personal service, the cope with Netflix will present the corporate with a brand new income geyser: The five-year deal is reportedly price a number of lots of of hundreds of thousands of {dollars} (the precise determine will rely on field workplace income) yearly, and $1 billion over the course of the deal.

Netflix, in the meantime, will get entry to the sorts of movies which were steadily sucked from its platform as studios resembling Disney and Warner Bros. have reined in licensing rights to their homegrown titles in order to populate Disney Plus and HBO Max, respectively. Though Disney owns probably the most plum Marvel titles (Captain America, Iron Man, Black Panther), which is a key drawing card for Disney Plus, Sony owns the rights to Marvel properties resembling Morbius and Venom. Movies based mostly on these franchises will now land on Netflix, making it much more of a direct competitor to Disney Plus.

The deal additionally offers Netflix the suitable to solely choose up movies that Sony is making or licensing particularly for streaming, and to choose up movies from Sony’s storied library.

The transfer signifies how hungry Netflix is for large, splashy film titles—Marvel movies, particularly—that will assist it compete with a rising variety of rivals, which have direct entry to tentpole properties. Warner Bros. introduced that its complete 2021 slate will debut on HBO Max alongside theatrical runs, together with titles resembling House Jam 2 and Dune. And Disney Plus is releasing much-anticipated titles, resembling the brand new Pixar film, Luca, solely on its streaming platform.

The Sony deal isn’t the one instance of Netflix opening its pocketbook for priceless film IP. It just lately shelled out $450 million for the rights to the subsequent two Knives Out sequels, starring Daniel Craig.

The streamer could not have a film studio sibling to assist feed it content material, however as typical, it’s exhibiting that there’s at all times one other, albeit pricey, approach.