The Walt Disney Company and Sony Pictures Entertainment (SPE) have announced a multi-year license agreement for US streaming and TV rights to new Sony Pictures theatrical releases for Disney Media & Entertainment Distribution platforms, including streaming services from Disney + and Hulu, and linear entertainment networks such as ABC, Disney Channels and Freeform, FX and National Geographic.
Tom Holland and Jacky Gyllenhaal in Columbia Pictures’ SPIDER-MAN: Far from Home
The unprecedented deal between Disney and Sony encompasses US rights to new theatrical releases from 2022 to 2026 – starting for each film after the Pay-1 TV window – and builds on the companies’ previous agreement that SPE films are in the Post Licensed to FX. Pay 1 TV window.
“This groundbreaking agreement confirms the unique and lasting value of our films to movie lovers and the platforms and networks that serve them,” said Keith Le Goy, president of Sony Pictures Entertainment, Worldwide Distribution and Networks. “We are very excited to be working with Disney to deliver our titles to their viewers and subscribers. This agreement cements a key element of our film distribution strategy, which is to maximize the value of each of our films by bringing them to consumers across the window with a variety of key partners. “
The agreement also grants rights to a significant number of PES cult library titles such as the “Jumanji” and “Hotel TransylvaniaFranchises and Sony Pictures’ portfolio of Marvel Universe character films – including Spider-Man – offer Disney tremendous programming potential on its platforms, positioning them as prime targets for the blockbuster Spider Man Movies. A particularly notable feature of the agreement is that Hulu will have access to a significant number of SPE library titles as early as June this year.
“This pioneering multi-year, platform-independent agreement gives the Disney Media and Entertainment Distribution team a tremendous amount of flexibility and programming capabilities to bring Sony’s rich selection of award-winning action and family films to our direct customer services and linear channels,” said Chuck Saftler, director Business operations for ABC, Freeform, FX Networks and Acquisitions in the Networks division of DMED. “This is a win for fans who will benefit from the ability to access the best content from two of Hollywood’s most prolific studios across a variety of viewing platforms and experiences.”
The financial terms of the agreement were not disclosed.