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Disney Signs Deal to Stream Sony Movies after Netflix

Thu 22 Apr 2021 | 11:09 AM
Yara Sameh

Walt Disney Co. announced Wednesday it had reached a deal with Sony Pictures to screen new installments in “Spider-Man” and other movies on Disney’s streaming services and TV networks in the United States after they stream on Netflix.

It also acquired the right to used hundreds of older Sony movies much sooner, including “Jumanji” and “Hotel Transylvania”.

The company revealed that it will add a significant number of Sony titles to Hulu starting June.

Financial terms were not disclosed.

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The arrangement enables Disney to play new Sony movies, including any new installments in Marvel’s “Spider-Man” and “Venom” franchise starting in 2023.

It is set for the movies to hit theaters and on DVD and video-on-demand. It will head next to Netflix for an exclusive 18-month period before going to Disney+ or other Disney platforms.

The agreement covers new Sony movies that debuted in theaters from 2022 to 2026, which includes the Marvel movie “Morbius”, Brad Pitt thriller “Bullet Train”, and the best-selling book adaptation “Where the Crawdads Sing”, and another installment in the “Bad Boys”.

Netflix reached a deal with Sony earlier this month, acquiring streaming rights to new “Spider-Man” movies and other movies from Sony Pictures to US customers after their theatrical run.