Core Insights - Netflix and Sony Pictures Entertainment (SPE) have announced a landmark global Pay-1 licensing deal, marking an industry-first for Pay-1 rights, which will allow SPE's feature films to stream on Netflix worldwide after their theatrical and home entertainment windows [8] - The new Pay-1 arrangement will begin rolling out later this year, with full global availability expected by early 2029 [8] - Netflix currently holds Pay-1 rights to SPE's feature films in select territories, including the U.S., Germany, and Southeast Asia, with popular titles such as Uncharted and Spider-Man: Across the Spider-Verse [8] Netflix's Perspective - Netflix emphasizes that providing exclusive access to Sony's films enhances the value of their subscriptions for members globally [8] - The company is excited to expand its offerings of iconic film franchises and original content to a worldwide audience [2][8] Sony's Perspective - Sony Pictures Television views the new Pay-1 deal as a significant enhancement of their partnership with Netflix, reinforcing the appeal of their theatrical releases to a global audience [5] - The deal highlights Sony's independence and ability to create valuable opportunities for stakeholders and partners [6] Upcoming Titles - Some of the first SPE feature films to stream on Netflix as part of this deal include The Nightingale, Buds, The Legend of Zelda (live-action), Spider-Man: Beyond the Spider-Verse, and a quartet of Beatles films directed by Sam Mendes [7][8]