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Netflix Seals Global Sony Pay-1 Pact as Sarandos Pledges 45-Day Theatrical Window for WB

The multi-year agreement makes Netflix the first streaming home for Sony films worldwide after theaters, with full rollout expected by early 2029.

Overview

  • Netflix and Sony confirmed a global Pay-1 deal that brings Sony movies to Netflix after their theatrical and VOD runs, expanding earlier territory-limited arrangements.
  • The rollout begins later in 2026 as rights free up in each market and is planned to reach full global availability by early 2029.
  • The pact also includes licensing of select Sony feature and TV library titles, alongside future releases such as The Legend of Zelda, The Nightingale, Sam MendesBeatles films and Spider-Man: Beyond the Spider-Verse.
  • Financial terms were not disclosed, though multiple outlets report the agreement is valued at about $7 billion and could run through 2032, citing unnamed sources.
  • Separately, Netflix co-CEO Ted Sarandos said Warner Bros. films would keep a 45-day theatrical exclusivity window if Netflix’s proposed acquisition closes, addressing concerns from theater groups.