Overview
- Netflix and Sony signed a multi-year global Pay-1 agreement that makes Netflix the exclusive first streaming home for Sony films after their theatrical and PVOD runs.
- The rollout begins as territorial rights free up from late 2026, with full worldwide availability expected by early 2029, and includes licensing of select Sony film and TV library titles.
- Multiple outlets report the pact is valued at more than $7 billion, described by industry coverage as the largest-ever Pay-1 arrangement.
- Confirmed upcoming titles for the Netflix Pay-1 window include The Legend of Zelda, Spider-Man: Beyond the Spider-Verse, Sam Mendes’ four Beatles films, and The Nightingale.
- Netflix co-CEO Ted Sarandos said Warner Bros. movies would keep a 45-day theatrical window if the acquisition closes, a pledge made as a rival Skydance bid and exhibitor concerns prompt regulatory scrutiny.