If new parts are released in popular movie series such as Jumanji and Spider-Man, they will be added to Netflix after the films have been shown in theaters.
Sony is also giving Netflix the first chance to buy non-theatrical movies. If you wish, the streaming service can also participate in its production. The amount of the transaction was not disclosed. Earlier in the negotiation process, it was revealed that Sony wants at least $ 250 million a year from Netflix.
Experts say the deal with Sony, which goes into effect next year, is unlikely to generate millions of additional Netflix subscribers. However, collaboration is important given the fierce competition between streaming services. Previously, Netflix, for example, had a similar deal with Disney, but now the group has become a major rival to Netflix with Disney +.
Sony is the only major Hollywood filmmaker not owned by a streaming company competing with Netflix. It is not yet known how long Sony films will stay in theaters before they appear on Netflix. It’s also unclear what exactly the deal means for Netflix’s movie offering in the Netherlands.
At Netflix, the intention is for everyone to feel ‘seen’
Netflix wants everyone to see themselves in movies and series, which is why the offering is more diverse and inclusive than ever. The schoolyard in particular appears to be an ideal filming location.