“Spider-Man” could soon join the Marvel Cinematic Universe – at least in terms of where it airs.
Walt Disney Co.
and Sony Pictures announced a multi-year licensing agreement on Wednesday giving Disney streaming rights to upcoming Sony movies after they first run on Netflix Inc.
starting in 2022 and running until 2026. Financial terms are not disclosed.
The deal also gives Disney access to Sony’s library of movies, including the popular “Spider-Man” series. While the Spider-Man character has appeared in Disney’s “Avengers” movies, the “Spider-Man” brand is a separate entity owned by Sony.
While it’s not clear on what basis Disney Spidey and other Sony movies will end up streaming, Disney + is home to the rest of the Marvel blockbuster series. Disney-controlled Hulu will also receive “a large number of library books” as soon as June, the companies said. Sony releases will also be viewed on Disney’s ABC, Disney Channels, Freeform, FX, and National Geographic.
Other well-known Sony franchises include “Jumanji” and “Hotel Transylvania”, as well as upcoming Marvel movies “Venom” and “Morbius”.
“This is a win for fans who will benefit from access to the best of content from two of Hollywood’s most popular studios across multiple platforms and viewing experiences,” Disney chief executive Chuck Saftler, who helped negotiate the deal, said in the report.
In the first day of this month, Sony and Netflix announced a deal gave the streaming giant its first crack of streaming Sony theatrical releases, in about 18 months. Under Wednesday’s deal, Disney will receive the right to stream new releases after the Netflix exclusive window ends.
To date, Disney shares have risen 1% and 81% in the past 12 months. The custody receipt of Sony Corp.
up 7.3% this year and 73% higher in the past year.