It’s happening! Everyone Stay Calm! Spider-Man will stay part of the Marvel Cinematic Universe for the foreseeable future. Disney and Sony Pictures have announced a multi-year content licensing agreement. The licensing agreement will bring new Sony theatrical releases to Disney platforms.
The deal will Includes U.S. Rights to new theatrical releases from 2022-2026, and library titles from Sony Pictures for Disney’s Streaming Services. This agreement will make it possible for Disney to use Sony Pictures’ Universe of Marvel Characters Films. It also grants rights to a significant number of Sony Picture Entertainment’s iconic library titles, like “Jumanji” and “Hotel Transylvania”. The agreement provides Hulu access to a large number of library titles beginning as early as this June.
But where geeks are most concerned is the Spider-Man franchise. This gives Disney enormous programming potential across its platforms. Giving Disney the opportunity to keep Spider-Man as part of the Marvel Cinematic Universe.
Chuck Saftler, head of Business Operations for ABC, Freeform, FX Networks, and Acquisitions in DMED’s Networks division played a key role in the negotiations. He stated that “This is a win for fans, who will benefit from the ability to access the very best content from two of Hollywood’s most prolific studios across a multitude of viewing platforms and experiences.”
“This groundbreaking agreement reconfirms the unique and enduring value of our movies to film lovers and the platforms and networks that serve them,” said Keith Le Goy, president, Worldwide Distribution and Networks, Sony Pictures Entertainment. “We are thrilled to team up with Disney on delivering our titles to their viewers and subscribers. This agreement cements a key piece of our film distribution strategy, which is to maximize the value of each of our films, by making them available to consumers across all windows with a wide range of key partners.”
The financial terms were not disclosed. But we can’t help but speculate that this deal is a win-win for both studios.
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