Disney and Sony Reach Multi-Year Deal
by Emily Nagle
Spider-Man – amongst other well-known titles – will be swinging onto Disney+ following a massive film deal between Sony and Disney.
Beginning with Sony’s 2022 releases and running all the way through to 2026, the deal will bring Sony’s films to not only Disney+, but also the many other streaming platforms the Mouse House owns, from FX and Freeform to ABC and Hulu.
The massive movie deal, finalized by Chuck Saftler, head of business operations for ABC, Freeform, FX Networks and Acquisitions for Disney Media and Entertainment Distribution, and Keith LeGoy, president of worldwide distribution and networks for Sony Pictures Entertainment, is just one example of how the pandemic has changed the media viewing experience. In other words, television isn’t dying, contrary to popular belief – rather, the way people watch it is changing.
“This groundbreaking agreement reconfirms the unique and enduring value of our movies to film lovers and the platforms and networks that serve them,” Le Goy announced. “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.”
While Disney+ spans 59 countries, the new deal will only cover the United States market, making an estimated $3 billion during its approximately five-year span. Once finalized, Sony’s “Spider-Man” films will be available on Disney’s platforms, as well as their other franchises including “Hotel Transylvania“, “Jumanji“, and “Stuart Little“.