Disney has reached a large-scale film licensing agreement with Sony Pictures, which promises to bring Spider-Man and other Marvel movie assets into Disney Plus starting from Sony’s 2022 release date.
This wide-ranging transaction runs through Sony’s theater stage in 2026, and also calls on Sony’s movies to run on Disney’s streaming and linear platforms to cover Disney’s Plus, Hulu, FX Networks, ABC, Disney Channels and other fields. This is unprecedented. And free form. It also includes a large number of library titles, which will be scattered in various stores.
The agreement came after Sony and Netflix signed a deal to obtain titles in the Pay 1 window after the dramatic theater release. The Disney-Disney deal will cover subsequent TV windows, which means that these movies will first land on Netflix, which is about nine months after the beginning of the movie theater line. Disney is snapping up windows for cable and movie playback previously reserved for advertising support for multiple platforms. The Netflix and Disney transactions also use the same license period.
Like the Netflix deal, although the streamers have spread all over the world, the Disney agreement only covers the US market. During the transaction period, this complex agreement may bring hundreds of millions of dollars in value to Sony. Taking into account the lag time for Disney to obtain the movie, the total execution period of the agreement is about 6 years. Combined with the Netflix and Disney deal, it is expected that Sony will receive $3 billion in movie licensing fees during the transaction.
This complicated transaction was entangled by Chuck Saftler, Keith Le Goy, head of business operations at FX Networks and Acquisitions at ABC, Freeform, Disney Media and Entertainment Distribution, and President of Global Distribution and Networking at Sony Pictures Entertainment. The transaction marks another example of the entertainment industry realigning its business model to adapt to the new era of TV exhibition and distribution.
“This landmark, multi-year, platform-independent agreement ensures that the Disney Media and Entertainment Distribution Company team has great flexibility and breadth of programming possibilities to take advantage of Sony’s Chuck Saftler said, Business Director of American Broadcasting Corporation (ABC), Free Format, FX Network, and Disney Media and Entertainment Distribution. “For the fans, this is a victory and they will benefit from it. Able to access multiple viewing platforms and experiences from the two most productive studios in Hollywood to access the best content. “
Le Goy pointed out that the market environment is driving major changes in Sony̵
Le Goy said: “This groundbreaking agreement once again proves the unique and lasting value of our films to film lovers and the platforms and networks that serve them.” Subscribers provide our work. This agreement solidifies a key part of our film distribution strategy, namely Maximize the value of each movie through production Open to consumers in all windows through a wide range of key partners. “