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0.000136382233941115 -0.000276897262849835 0.00385589770505907 0.00178950022110462 0.00178950022110462 -0.000690176759640784 -0.000690176759640784 -0.000690176759640784
Stock impact report

Netflix and Sony Strike Groundbreaking Worldwide Pay-1 Deal to Stream New Movies [Yahoo! Finance]

Sony Group Corporation American Depositary Shares (SONY) 
Company Research Source: Yahoo! Finance
This new deal, described in an official release as a “multi-year agreement,” will send Sony's feature films on Netflix worldwide following their theatrical and home entertainment windows. While financial terms of the deal were not disclosed, it marks the biggest Pay-1 deal ever. An individual with knowledge of the agreement told TheWrap that it's obviously valued dramatically higher on than the initial Pay-1 deal struck in 2021, which was worth $2.5 billion, since it's global, but also speaks to the increased value of Sony's films worldwide. TheWrap understands that this new deal runs through 2032. The new arrangement will “roll out gradually starting later this year as individual territory rights become available, with full global availability on Netflix in early 2029. As part of this deal, Netflix will also license rights to select SPE feature film and television library titles,” according to the official release. The initial Pay-1 deal has been beneficial to both Sony, whi Show less Read more
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