DodoFinance Breaking News Made For You!
Netflix has struck a big deal with Sony’s entertainment division, a Japanese electronics group. The video streaming service will receive exclusive rights to Japanese films in the United States in the coming years. When new episodes of popular movie series like Zumanji and Spider-Man are released, they will be added to Netflix after the films are shown in the cinema.
Sony Netflix also offers the first opportunity to purchase movies that do not go to the cinema. The streaming service can participate in its production if desired. It was not immediately clear how much money was involved in the deal. Earlier in the negotiation process, it was revealed that Sony wanted at least $ 250 million a year from Netflix.
According to experts, the deal with Sony, which will take effect next year, will not provide Netflix with millions of additional subscribers. However, cooperation is important considering the fierce competition between streaming services. Previously, Netflix, for example, had a similar deal with Disney. But in the meantime, Netflix has become a major competitor with that entertainment group Disney +.
Sony is the only major Hollywood filmmaker not owned by a streaming company competing with Netflix. It is unknown at this time what he will do after leaving the post. It is not clear exactly what this deal means, for example, the Netflix movie offering in the Netherlands.
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