Disney and Sony have reached a multi-year deal for the post-pay-1 release window, an agreement that will form Spider Man And there are other major franchise characters to stream on Disney + for the first time.
The major streaming service and Hulu are among several platforms covered under the agreement, which will also include ABC, FX, Freeform and other outlets under the Disney tent. No specific plans for Disney + have been finalized yet, but Marvel fans were wondering when Spidey and the others would show up with the rest of the streaming. For complex legal reasons, the franchise has not been a full member of the Disney-controlled Marvel Cinematic Universe.
Theatrical release from 2022 to 2026 will move to Disney following their runs on Netflix, which led Sony to a deal for Pay-1 Exclusive as well as co-production rights to direct-to-streaming films earlier this month Was announced.
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Such as library rights to franchisees Spider Man, Jumanji, hotel Transylvania And others are part of the package.
The official announcement stated that the deal “provides Disney with heavy programming capabilities on its platforms and makes them an important destination for a strong collection of Spider-Man films.” Hulu will also receive a “significant number” of the library’s title in early June.
Financial terms were not disclosed in the release and the companies declined to comment on any dollar figures. A person familiar with the treaty estimated the total combined value of Netflix and Disney deals at over $ 3 billion.
Linear networks joining the new deal include ABC, Disney Channel, Freeform, FX and National Geographic. FX and Sony had been in business for years and the overall Disney deal succeeds a former “post-pay-1” deal with FX. Universal, another major supplier of FX, recently ended its long-standing relationship with FX, so the continued supply of Sony titles is a boon to the widely distributed basic cable network.
“This historic multi-year, stage agnostic agreement guarantees the team at Disney Media and Entertainment Distribution that the flexibility and breadth of programming possibilities to take advantage of our rich slate of award-winning action and family films in our direct-to-consumer services Is a big part. And Linear Channel, “said Chuck Saftler, head of business operations for acquisitions in the network divisions of ABC, Freeform, FX Networks and DMED, who played a key role in the negotiations.” It’s a win for fans, which is on many platforms and Will take advantage of the ability to access very good content from two of Hollywood’s most prolific studios to watch experiences. “
“This grassroots agreement reaffirms the unique and lasting value of our films for film lovers and the platforms and networks that serve them,” said Keith Le Goy, president of Sony Pictures Entertainment’s Worldwide Distribution and Networks. “We are thrilled to team up with Disney on giving our titles to our audiences and customers. The contract is an important part of our film distribution strategy to maximize the value of each of our films, making it available to consumers across all windows with all major partners. “