Netflix Strikes A BIG Deal With SONY !! Gets Spider-Man And Jumanji Franchises

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What turned out to be one of the biggest deal, Netflix has acquired the rights to some of the best selling movies like Spider-Man and Jumanji from Sony Pictures.

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The OTT streaming giant, Netflix, purchased the exclusive US rights from SONY Pictures for new movies after they are out of theaters. The exclusive rights included a multi-year agreement for popular upcoming flicks which included “Spider-Man” and “Jumanji” franchises. The deal also includes few movies produced by SONY which might not release in theaters due to the pandemic situation and will hit OTT directly.

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Though the deal has not been officially announced but as per Bloomberg news, Sony was seeking as much as $250 million a year for the agreement which will kick-off in 2022. Netflix will also stream “Morbius,” a spinoff of “Spider-Man,” as well as “Where the Crawdads Sing,” an adaptation of the bestselling novel.

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The stock price of Netflix rose to their highest of month by 1.8% to $556.90, the moment the news of the deal broke out.


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