According to a report shared by the Wall Street Journal, this multi-year contract will kick off with Sony's 2022 slate of releases. While other streaming services will have the option to order any films Sony is producing or licensing to streaming platforms, Netflix basically gets first-look rights. The amount of titles Netflix is currently committed to ordering is unknown at the time of writing.
Variety also reports that the deal, which is set to last give years, will see Netflix pay a record-setting $1 billion to Sony over four years. In exchange, Netflix will bag itself any upcoming Spider-Man movies, including the upcoming Morbius movie and the in-development Venom sequel. It's not clear if Spider-Man: No Way Home has been included in this deal, as it releases later this year. We'd assume it has been thrown in, though.
Films from any studios that happen to be under the larger Sony umbrella, including the Jumanji franchise will be included too. It's also likely that the numerous big-screen adaptations of PlayStation properties, such as Ghost Of Tsushima, will also fall under the deal.
If that ends up being the case, Netflix will absolutely be the undisputed home for video game adaptations. That's not a bad thing to be, especially when it can no longer claim to be the home of Marvel, Disney, and Star Wars content.
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