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Netflix to Disney Plus: We’ve got Marvel movies too!

As Hollywood studios have been feverishly carving out their spaces in the streaming world with the launch of services such as Disney Plus, HBO Max, and Peacock, Sony has remained remarkably quiet.

On Thursday it took a stand, announcing a deal with Netflix that will give the streamer access to Sony feature films starting in 2022, including the sequel to Spider-Man: Into the Spiderverse, and other Marvel titles not owned by Disney. The movies will be released on Netflix only after they’ve run in theaters and on premium video-on-demand services.

While Sony is stopping short of entering the streaming race by building up its own service, the deal with Netflix will provide the company with a new revenue geyser: The five-year deal is reportedly worth several hundreds of millions of dollars (the exact figure will depend on box office revenue) annually, and $1 billion over the course of the deal.

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