Netflix & Sony Pictures Strike Industry-First Exclusive Pay-1 Deal
Deadline • • general
Key Points:
- Netflix and Sony Pictures Entertainment have agreed on a groundbreaking $7 billion-plus global Pay-1 licensing deal, allowing Sony’s movies to stream worldwide on Netflix after their theatrical and home entertainment runs, significantly increasing Sony’s theatrical output value since 2021.
- The deal consolidates Sony’s international Pay-1 rights exclusively with Netflix, ending the previous practice of splitting rights among multiple parties overseas, with the new agreement gradually rolling out starting late 2024 and reaching full global availability by early 2029 through 2032.
- Netflix’s Pay-1 rights currently cover select territories including the U.S., Germany, and Southeast Asia, with major titles like Spider-Man: Across the Spider-Verse, Uncharted, and Venom: The Last
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