Disney and Sony have reached an agreement for more than a year for the release window after payment 1, which will conclude an agreement Spider man and other big franchises that may be streaming in Disney + for the first time.
The flagship streaming service and Hulu are among numerous platforms covered by the agreement, which the official announcement called ‘unprecedented’. There are a number of platforms involved under the Disney tent, including ABC, FX, Freeform. No specific plans for Disney + have been finalized yet, but Marvel fans wondered when Spidey and others would appear alongside the rest of the stables. For complex legal reasons, the franchise was not a full-fledged member of the Disney-controlled Marvel Cinematic Universe.
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Theater releases from 2022 to 2026 will move to Disney after their runs on Netflix, which earlier this month announced an agreement with Sony for exclusive pay-as-you-go co-production rights to live films.
Financial terms were not disclosed in the release and the companies declined to comment on any dollar figures. A person familiar with the treaty estimates the total value of Netflix and Disney deals at more than $ 3 billion.
Library rights on franchises such as Spider man, Jumanji, Hotel Transylvania and others are part of the package.
The official announcement states that the deal offers Disney a huge potential for programming on its platforms, making it the most important destination for a robust collection of Spider-Man movies. Hulu is also getting a “significant number” of library titles starting as early as June.
Linear networks joining the new deal include ABC, Disney Channels, Freeform, FX and National Geographic. FX and Sony have been busy for years and the overall Disney deal succeeds on a previous ‘post-pay-1’ deal with FX. Universal, another major provider of FX, recently ended its long-term relationship with FX, and the ongoing offering of Sony titles is a boost to the widespread pay-TV network.
‘This distinctive multi-platform agnostic agreement guarantees the Disney Media and Entertainment Distribution team a tremendous amount of flexibility and a wide range of programming capabilities to leverage Sony’s rich range of award-winning action and family films in our direct consumer services. and linear channels, ”says Chuck Saftler, Head of Operations for ABC, Freeform, FX Networks and Acquisitions in DMED’s Networks division. Saftler, a key architect of FX’s film trades, played a key role in the negotiations. “It’s a win for fans, who will benefit from the ability to access the best content from two of Hollywood’s most productive studios in a variety of viewing platforms and experiences.”
Keith Le Goy, president of global distribution and networking for Sony Pictures Entertainment, calls it a ‘groundbreaking deal’. It ‘forms an important part of our film distribution strategy,’ he added, ‘to maximize the value of each of our films by making them available to consumers in all windows with a wide range of key partners.’
Tom Rothman, chairman of the SPE film group, said in a memorandum to employees that the Netflix and Sony offerings “reflect the extraordinary and unique value of the cultural impact films we make and market. There is nothing like Sony Pictures. ‘s outstanding leads that are freely available in the modern market, and the demand for them is consequently strong. ”