Netflix, Amazon Prime both want ‘Fast and Furious’, ‘Spider-Man’ rights, in competition with each other

Streaming Platforms such as Netflix and Amazon fights to get the rights of Hollywood’s blockbuster films in their stream.

Amazon prime and Netflix after streaming stand up comedy show and series are going to stream blockbuster movies from the studios behind Fast and Furious and Spiderman. Universal Pictures and Sony Pictures have already been collaborating with the streaming platforms, planning to start with the film sets in 2022. After these production house, Viacom CBS Inc’s Paramount pictures is also on the list to sell there movies. As per the price rate, the deal between the production houses and OTT platforms can generate $250 million per studio annually. And as per reports of livemint, Amazon.com, Netflix Inc and Hulu have expressed there interest in the rights of the movies.
The movies will be streaming in OTT platforms after the film has appeared nine months in the theatres. The winning platforms will have the opportunity on the exclusive rights for 18 months and then regain them for the second time, several years later. Currently the companies are discussing other options since the global media giants are also having there own streaming services for the viewers.
Some streaming platforms are inquiring whether the studios will be willing to produce original movies just for their platform. This can be a fresh start of how Hollywood operates regarding the OOT Platforms. Currently HBO and Starz are trying to renew their recent deals which includes ‘Jurassic Worlds’, ‘Fast and Furious’, ‘Jumanji’ and ‘Spiderman’ sequels.
Also Netflix was the first platform to stream movies from a studio which includes Moana, Avengers: Infinity War and Incredibles 2. Disney has declined to renew their deal instead Disney movies appear on their channel.
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