Overview
- Under the multi-year arrangement, Netflix becomes the exclusive streaming home for Sony feature films after their theatrical and home-entertainment windows.
- The rollout begins later this year as individual territories free up, with the U.S. transition starting in 2027 and full global availability expected in early 2029.
- Financial terms were not disclosed, though trades describe it as the largest Pay-1 deal to date, with Deadline reporting a value above $7 billion and about 40% higher rates than the 2022 pact.
- Named titles set to stream include Spider-Man: Beyond the Spider-Verse, The Legend of Zelda, The Nightingale, Sam Mendes’ quartet of Beatles films, and Sony Pictures Animation’s Buds.
- The agreement consolidates international Pay-1 rights previously split among multiple buyers, adds select library licensing, and strengthens Netflix’s film pipeline as it pursues a reported acquisition of Warner Bros Discovery assets.