Netflix (NFLX) in deal with Sony for movie rights, including upcoming Spider-Man films - WSJ

(Updated - April 8, 2021 1:12 PM EDT)

Netflix (NASDAQ: NFLX) has entered a five-year deal with Sony Pictures for streaming rights to movies, including upcoming Spider-Man films, the Wall Street Journal reported.

The agreement starts with Sony Pictures’ 2022 movie slate.

With the deal, Netflix with a "first-look option" to select movies Sony is making or licensing specifically for streaming platforms.

The terms of the deal weren’t disclosed.

Lions Gate Entertainment's (NYSE: LGF-A) Starz has rights to Sony movies through the end of this year.

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