Walt Disney Co. and Sony Pictures Entertainment have announced an expansive content licensing agreement that will bring hundreds of Sony movies, including “Jumanji” and “Spider-Man,” to multiple Disney platforms, including Disney+ and Hulu.
The deal, announced Wednesday, underscores the voracious appetite for content by streaming services.
Disney, which spent $71.3 billion to acquire the 20th Century Fox film and television studio two years ago for its stockpile of programming, has concluded that it will need even more movies and TV shows to be victorious in the streaming wars. The Sony deal also will help bolster Hulu’s slate of movies.
Under the deal, Disney will license Sony movies that are released theatrically beginning next year through 2026 — after those films finish their runs during their initial pay-TV window. In addition, Disney will get rights to Sony’s vast library of films. Disney will have the rights to play the Sony product on its various platforms, including traditional networks ABC, Freeform, National Geographic and the FX Networks, as well as its streaming services.
Earlier this month, Sony announced a separate movie deal with Netflix.
That arrangement also covers Sony’s 2022-26 slate of theatrical movies, including the upcoming releases “Morbius,” “Where the Crawdads Sing” and “Bullet Train,” followed by future installments of series including “Venom,” “Spider-Man,” “Jumanji” and “Bad Boys.” When the first pay-TV window concludes — typically after about 18 months — rights to those films will shift to Disney from Netflix.
This means Disney will gain rights to the newer releases in late 2023. But starting in June, Disney will pick up rights to some of the older library content, including “Jumanji” and “Hotel Transylvania” and Sony Pictures’ Marvel characters, including Spider-Man.