Disney and Sony have reached an agreement on bringing Spider-Man and other blockbuster Sony franchises to Disney Plus.
According to Deadline:
Disney and Sony have reached a multi-year deal for the post-pay-1 release window, a pact that will make Spider-Man and other major franchises eligible to stream on Disney+ for the first time.
The flagship streaming service and Hulu are among many platforms covered by the agreement, which the official announcement called “unprecedented.” A host of platforms under the Disney tent are involved, including ABC, FX, Freeform. No specific plans for Disney+ have yet been finalized, but Marvel fans had been wondering when Spidey and others would appear alongside the rest of the streaming stable. For complicated legal reasons, the franchise has not been a full-fledged member of the Disney-controlled Marvel Cinematic Universe.
Theatrical releases from 2022 to 2026 will move to Disney after their runs on Netflix, which earlier this month announced a deal with Sony for a pay-1 exclusive as well as co-production rights to direct-to-streaming films.
Financial terms were not disclosed in the release and the companies to declined to comment on any dollar figures. A person familiar with the pact estimated the total combined value of the Netflix and Disney deals at more than $3 billion.
Library rights to franchises like Spider-Man, Jumanji, Hotel Transylvania and others are part of the package.