### Netflix and Sony Pictures Forge Landmark Global Streaming Partnership Netflix has significantly expanded its collaboration with Sony Pictures Entertainment by signing a groundbreaking global Pay-1 licensing deal. This agreement, valued at approximately **$7 billion**, will allow Netflix to stream Sony's theatrical releases worldwide after their initial cinema run, starting in **2027**. This partnership builds on a previous agreement established in **2021**, which initially granted Netflix rights to Sony films in the U.S. after their theatrical and home entertainment releases. The new deal marks a pivotal moment in the streaming landscape, as it positions Netflix as the exclusive streaming platform for Sony's feature films globally, enhancing its content library and competitive edge in the market [https://tribune.com.pk/story/2587354/netflix-and-sony-pictures-expand-partnership-with-global-theatrical-deal][https://www.lowyat.net/2026/378752/netflix-global-streaming-rights-sony]. ### Structure of the New Agreement 1. **Global Streaming Rights**: Netflix will have exclusive global streaming rights to Sony Pictures' films after their theatrical and pay-per-view release windows [https://www.advanced-television.com/2026/01/16/netflix-sony-pictures-entertainment-announce-pay-1-deal]. 2. **Duration and Value**: The deal is a multi-year agreement worth over **$7 billion**, running until **2032** [https://www.businesstimes.com.sg/lifestyle/netflix-stream-sony-films-globally-after-debut-cinemas]. 3. **Content Availability**: Films such as "Spider-Man: Beyond the Spider-Verse" and other major titles will be available on Netflix following their theatrical release [https://sundayguardianlive.com/entertainment-news/netflix-inks-global-deal-to-stream-sony-pictures-films-after-theatrical-window]. 4. **Impact on Streaming Landscape**: This agreement is seen as a strategic move to bolster Netflix's content offerings and maintain its leadership in the competitive streaming market [https://tvnewscheck.com/business/article/netflix-sony-pictures-close-7b-plus-exclusive-global-pay-1-deal-in-industry-first]. ### Supporting Evidence and Data - **Deal Value**: The agreement is valued at **$7 billion**, making it one of the largest streaming deals in the industry [https://www.wrap.com/creative-content/movies/sony-netflix-pay-1-deal-stream-new-movies-globally]. - **Duration**: The deal extends until **2032**, ensuring a long-term partnership between the two companies [https://mediabrief.com/netflix-secures-global-pay-1-deal-with-sony-pictures-entertainment]. - **Content Pipeline**: Major upcoming releases from Sony will include high-profile franchises, enhancing Netflix's appeal to subscribers [https://variety.com/2026/film/news/sony-netflix-streaming-movies-1236632330]. ### Conclusion: A Strategic Move for Both Companies In summary, the new **Pay-1 licensing deal** between Netflix and Sony Pictures represents a significant evolution in their partnership, with the following key points: 1. **Exclusive Global Rights**: Netflix will be the sole streaming platform for Sony's films post-theatrical release, enhancing its content library. 2. **Financial Commitment**: The deal's substantial value of **$7 billion** underscores the importance of this partnership for both companies. 3. **Long-Term Strategy**: The agreement, lasting until **2032**, positions Netflix to remain competitive in the rapidly evolving streaming market. This collaboration not only strengthens Netflix's position but also provides Sony with a reliable platform for its film releases, ensuring a mutually beneficial relationship moving forward [https://lamag.com/arts-and-entertainment/netflix-secures-global-pay-1-rights-in-major-multi-year-deal-with-sony-pictures].