The agreement, which replaces an output arrangement with Lionsgate-owned Starz dating back to 2005, provides Netflix with an 18-month exclusive window for Sony films. Multiple bidders had been angling for the rights for some time, with Netflix emerging the winner. Terms were not officially disclosed, but Netflix prevailed with an offer of $1 billion over four years, according to sources familiar with the deal.
There is a degree of flux in terms of when exactly the Netflix exclusive will kick in on each film given fast-evolving theatrical window strategies. Nevertheless, dozens of top titles are confirmed to stream there exclusively after they play in theaters and are released on home entertainment platforms.
The slate will kick off with tentpoles like Morbius, Uncharted, Where the Crawdads Sing and Bullet Train.