Netflix inks deal for rights to Sony films

Netflix Inc. has reached a multiyear agreement with Sony Pictures Entertainment for domestic streaming rights to the studio’s theatrical movies, the companies said Thursday.

The deal will start with Sony Pictures’ 2022 movie slate. As part of the pact, Netflix will have a first-look option to pick up movies Sony is making or licensing specifically for streaming platforms. Netflix has committed to ordering an undisclosed number of those films, the streaming giant said.

Among the releases that will land on Netflix after their theatrical runs are future Spider-Man movies and other films based on Marvel characters that Sony has the rights to, including Morbius and Venom. Netflix will also license older movies from Sony’s library. Sony Pictures Entertainment is a unit of Sony Group Corp.