The Hollywood Three have had another studio join them in their windowing ways, with Sony entering into a 28-day delay agreement with Netflix. The Karate Kid is the first film released under the new deal, and won’t be available at Netflix until November 2.
Not all Sony titles will be affected by the accord, according to “an individual with knowledge of the deal” reports The Wrap. Sony will apparently pick and choose which titles fall under the delay window.
The Wrap also reports the following on the deal:
In exchange for agreeing to honor the release window for other studios, Netflix has received rights to stream more of their catalogue titles. Netflix also pays less for the films it streams and for the new releases it rents after the 28-day window has closed.
Now for the real question, Insiders: what does this deal mean for Redbox? Will Sony push for the same terms when its current agreement with Redbox expires in 2011? Let us know what you think in the comments.
(via The Wrap)