Sony and Netflix have come to terms for an exclusive deal for the the streaming rights. Sony has been shopping around their catalog of movies for an exclusive deal for two years. This deal will beef up Netflix movies and will allow Sony to have a set place to stream their movies.
This is a first look agreement with Sony for all of the studio’s original movies produced for the direct-to-streaming market. Sony will be allowed to shop their direct to streaming movies to other services but only if Netflix has passed on it first.
As part of this deal, Netflx will license some older titles from the Sony movie Vault.
(Via Variety)
