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    6758   JP3435000009

SONY GROUP CORPORATION

(6758)
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Sony : Netflix and Sony ink multi-year, licensing deal

04/09/2021 | 09:10am EDT

Netflix and Sony Pictures Entertainment have signed a multi-year, licensing deal in the United States for theatrically released feature films, beginning with the studio's 2022 slate.

"Sony Pictures is a great partner and we are thrilled to expand our relationship through this forward-thinking agreement," Scott Stuber, head of global films at Netflix, said in a statement Thursday. "This not only allows us to bring their impressive slate of beloved film franchises and new IP to Netflix in the U.S., but it also establishes a new source of first-run films for Netflix movie lovers worldwide."

The pact means Netflix will be the first to stream SPE titles such as Morbius, Uncharted, Where the Crawdads Sing and Bullet Train after their theatrical and home entertainment windows. It will also eventually encompass planned sequels to Spider-Man: Into the Spider-Verse, Jumanji and Bad Boys.

Building upon Netflix's pre-existing output deal with Sony Pictures Animation, the new deal now includes all SPE film labels and genres.

"Netflix has been a terrific partner as we continue to expand our relationship," said Keith Le Goy, president of worldwide distribution and networks at Sony Pictures Entertainment.

"At Sony Pictures, we produce some of the biggest blockbusters and the most creative, original films in the industry. This exciting agreement further demonstrates the importance of that content to our distribution partners as they grow their audiences and deliver the very best in entertainment."

Copyright 2021 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent., source Entertainment News

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Analyst Recommendations on SONY GROUP CORPORATION
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Financials
Sales 2022 9 774 B 85 601 M 85 601 M
Net income 2022 778 B 6 817 M 6 817 M
Net cash 2022 787 B 6 890 M 6 890 M
P/E ratio 2022 21,4x
Yield 2022 0,46%
Capitalization 16 632 B 146 B 146 B
EV / Sales 2022 1,62x
EV / Sales 2023 1,48x
Nbr of Employees 109 700
Free-Float 98,2%
Chart SONY GROUP CORPORATION
Duration : Period :
Sony Group Corporation Technical Analysis Chart | 6758 | JP3435000009 | MarketScreener
Technical analysis trends SONY GROUP CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 13 410,00 JPY
Average target price 15 345,00 JPY
Spread / Average Target 14,4%
EPS Revisions
Managers and Directors
Kenichiro Yoshida Co-Chairman, President & Chief Executive Officer
Hiroki Totoki CFO, Director, VP & Head-Business Administration
Shuzo Sumi Co-Chairman
Toru Katsumoto Chief Technology Officer, Executive VP, Head-R&D
Tsuyoshi Kodera Head-Information Systems & Security
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