Disney and Sony Strike Deal to Bring More Marvel to Disney+

Disney has struck a huge movie licensing pact with Sony Pictures for the U.S.. The deal will bring Spider-Man and other Marvel properties to Disney+ beginning with Sony’s 2022 release slate.

The deal has wide implications and runs through Sony’s 2026 theatrical slate. It also calls for Sony titles to run across Disney’s array of streaming and linear platforms. The deal is unprecedented in scope as it covers Disney Plus, Hulu, FX Networks, ABC, Disney Channels and Freeform. It also includes a significant number of library titles that will be spread among various outlets.

The agreement follows Sony’s deal with Netflix for titles in the post-theatrical release Pay 1 window. The Disney deal covers subsequent TV arenas meaning that titles will be available on Netflix first, about nine months after the start of a film’s theatrical run.

The Disney Collection at Chewy

The Disney Collection at Chewy

Like the Netflix deal, the Disney pact only covers the U.S. market. Which is unforunate considering Disney’s global streaming reach. The agreement is complex and is likely to be worth hundreds of millions of dollars to Sony. The deal runs about six years in total given the lag time for Disney getting access to the movies. Between both the Netflix and Disney deals, Sony is expected to rake in about $3 billion in movie licensing over the life of the deals.

The complex deal was spearheaded by Chuck Saftler, head of “>business operations for ABC, Freeform, FX Networks and Acquisitions for Disney Media and Entertainment Distribution, and Keith Le Goy, president of worldwide distribution and networks for Sony Pictures Entertainment.

This deal is yet another result of the shift for film companies toward streaming and away from theaters.

“This landmark multi-year, platform-agnostic agreement guarantees the team at Disney Media and Entertainment Distribution a tremendous amount of flexibility and breadth of programming possibilities to leverage Sony’s rich slate of award-winning action and family films across our direct-to-consumer services and linear channels,” said Chuck Saftler, head of business operations for ABC, Freeform, FX Networks and Acquisitions for Disney’s Media and Entertainment Distribution. “This is a win for fans, who will benefit from the ability to access the very best content from two of Hollywood’s most prolific studios across a multitude of viewing platforms and experiences.”

Le Goy noted that marketplace conditions are driving big changes to Sony’s long-term movie windowing strategy.

“This groundbreaking agreement reconfirms the unique and enduring value of our movies to film lovers and the platforms and networks that serve them,” said Le Goy. “We are thrilled to team up with Disney on delivering our titles to their viewers and subscribers. This agreement cements a key piece of our film distribution strategy, which is to maximize the value of each of our films, by making them available to consumers across all windows with a wide range of key partners.”

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