Spanish
Los Ángeles (EE.UU.).- The entertainment giant Netflix reported this Thursday a historic global licensing agreement with Sony Pictures Entertainment (SPE) to expand the rights of the films on the online content platform once released in theaters.
"Under this exclusive multi-year agreement, SPE films will stream on Netflix worldwide, an industry first for subscription payment, following their full theatrical and home entertainment release," Netflix said in a statement.
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The new agreement will be implemented gradually at the end of this year and will also grant Netflix the rights license to select feature film titles and television libraries from SPE. Netflix currently has the pay rights to SPE titles in selected territories, such as the United States, Germany, and Southeast Asia. "This new one-time payment agreement takes that collaboration to the next level and reinforces the enduring appeal of our theatrical releases for Netflix's global audience," said Paul Littmann, Executive Vice President of Global Distribution at Sony Pictures Television. Some of SPE's first feature film titles to stream on Netflix as part of the new deal include 'The Nightingale', starring sisters Dakota and Elle Fanning; 'The Legend of Zelda', the live-action adaptation of Nintendo; as well as the ambitious Beatles film saga, directed by Sam Mendes. The agreement comes in the context of the fight to merge with Warner Bros., a deal that reaches $82.7 billion with a combination of cash, stock, and debt. This transfer unleashed a wave of criticism, in addition to the reaction of rival Paramount, which launched a hostile bid (opa) on December 8 for a value of 108.4 billion dollars.
