SPWA does operate under the Stage 6 label for our higher-profile stuff, only because we didn’t think “Sony Pictures Worldwide Acquisitions” was a very good label to put on a movie to consumers. I don’t look at SPWA as a releasing label. Now that you are in charge of both Screen Gems and SPWA, will they remain autonomous? Bersch, a Berkeley grad (“I’m a long-suffering Cal fan”) and father of two, talked to THR about his busy festival, the most profitable SPWA film and Screen Gems’ future. The company had previously nabbed a wide swath of international territories for Paul Dano’s directorial debut, Wildlife, which was well reviewed after its Sundance premiere. There was little time to celebrate considering that Bersch was busy negotiating a slew of deals on the ground at Sundance, where he acquired worldwide rights to the John Cho internet thriller Search for $5 million, and all international rights to Debra Granik’s drama Leave No Trace and the Nick Offerman-led Hearts Beat Loud. subscribers out of 204 million in total worldwide.China Box Office: 'Spider-Man: Across The Spider-Verse' Opens to So-So $17.2M Netflix at present has about 74 million U.S. This exciting agreement further demonstrates the importance of that content to our distribution partners as they grow their audiences and deliver the very best in entertainment.” “At Sony Pictures, we produce some of the biggest blockbusters and the most creative, original films in the industry. “Netflix has been a terrific partner as we continue to expand our relationship,” said Keith Le Goy, SPE’s president of worldwide distribution and networks. The crowded SVOD market that Netflix seeded now includes Amazon Prime, Disney Plus, HBO Max, Hulu, Paramount Plus, Apple TV Plus and many other niche players. The studio has vowed to focus on supplying content to others rather than wading into the streaming platform wars. The new arrangement helps answer a lingering question about where SPE fits in the transformed marketplace. In a sign of the current sensitivities around theatrical windowing and Hollywood studios’ commitment to the exhibition window, Sony’s announcement made a point of noting that the direct-to-streaming movies produced for Netflix and other streamers will be “additive” to Sony’s full theatrical slate, “which will continue at its current volume,” Sony said. That hedge was prescient because Disney wound up negotiating an early end to the agreement in 2017 after the studio announced plans to launch the streamer that would become Disney Plus, now a growing global dynamo. That deal was estimated at $300 million over an unusually short three-year term, which indicated a certain caution on Disney’s part. Netflix set its first big-league pay 1 movie deal with a Hollywood studio in December 2012 when it shocked the industry by unveiling a Disney pact that kicked in with the studio’s 2016 slate. Shops like WarnerMedia and Disney are directing their film libraries exclusively to services like HBO Max and Disney Plus and Hulu, respectively. Pay one deals have been an extremely lucrative and vital source of revenue for legacy film studios, but they’re an endangered species in Hollywood’s deal economy as media conglomerates keep more content in-house to feed new streaming platforms. ![]() The deal is said to be structured in a relatively traditional form with the fee that Netflix pays for each title determined on a sliding scale by each title’s domestic or worldwide box office haul. Sources familiar with the deal said the pact will amount to a recording-setting price tag for a pay-one window agreement. ![]() ![]() “This not only allows us to bring their impressive slate of beloved film franchises and new IP to Netflix in the U.S., but it also establishes a new source of first run films for Netflix movie lovers worldwide.” “Sony Pictures is a great partner and we are thrilled to expand our relationship through this forward-thinking agreement,” said Netflix global film head Scott Stuber. Over the course of the pandemic, Sony has sold multiple slate titles to Netflix outright, including Kevin Hart’s “Fatherhood,” and the animated films “The Mitchells Vs. The pay 1 window usually begins about nine months after a film’s theatrical release, although that timetable may have been sped up for Netflix. That promises to bring to Netflix future installments of the “Spider-Man,” “Venom” and “Jumanji” franchises, among others. Starting with next year’s slate, all movies from the various film banners on the Culver City lot - including Columbia Pictures, Sony Pictures Classics, Screen Gems and TriStar Pictures - will stream exclusively on Netflix after their theatrical and home entertainment releases. Netflix already had a deal with Sony Pictures for all of its animated releases.
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