According to the publication, this agreement demonstrates the desire of Netflix to compete with Disney+ and HBO Max, which are increasingly trying to keep their products on their own platforms successfully.
Streaming service Netflix has reached an agreement with Sony Pictures Entertainment to prioritize streaming of the company’s feature films from 2022. The Wall Street Journal reported this on Thursday.
According to him, the five-year agreement also includes a commitment to order several films that Sony Pictures will make for streaming platforms. As the publication notes, Netflix after the premiere in theaters will host the film ‘Spider-Man: Into the Spider-Verse 2,’ which is expected to be released next year, as well as several other films based on the Marvel comics universe. In addition, the service will have the opportunity to publish Sony Pictures films released in 2022. The financial terms of the deal were not disclosed, but according to the newspaper’s sources, the service will pay Sony hundreds of millions of dollars annually
According to the publication, this agreement demonstrates the desire of Netflix to successfully compete with services such as Disney+ and HBO Max, which are increasingly trying to keep their products on their own platforms.
Netflix was founded in 1997. Its headquarters are located in Los Gatos, California. Since 2013, Netflix has been making its own movies, series, and TV shows. The company provides streaming services in more than 190 countries.