April 8, 2021 | 2:30 pm EDT by Dade Hayes
Netflix and Sony Pictures Entertainment have set a significant new licensing deal giving the streaming giant an exclusive window for the studio’s theatrical titles starting in 2022. 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. Terms were not officially disclosed, but Netflix prevailed with an offer of $1 billion over four years, according to sources familiar with the deal.
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