iWorld
Disney inks massive deal with Sony to stream ‘Spiderman’ & other films
NEW DELHI: After months of see-sawing and multiple rounds of negotiations, Disney has signed a deal with Sony Pictures that will allow Disney+ to stream Spiderman and other Marvel properties in the United States after they play on Netflix. Disney revealed that it will also add a significant number of Sony films to Hulu, the subscription video-on-demand service fully controlled and majority-owned by The Walt Disney Company.
Apart from Spiderman, Disney has also acquired streaming rights of hundreds of Sony Pictures movies including Jumanji and Hotel Transylvania. Some other movies that will be included in the deal are Marvel's Morbius, Brad Pitt's action thriller Bullet Train, and the new instalment in the Bad Boys series.
According to the new arrangement, Disney will be able to stream Sony movies that include Spiderman and Venom beginning 2022. After the theatrical screening, these films will be streamed on Netflix for an 18-month period and will be later streamed on Disney+ or any other Disney platforms.
The development comes close on the heels of Netflix inking a deal with Sony Pictures earlier this month to stream the latter’s movies after the first window of theatrical release. Similar to the Netflix deal, the new pact between Sony and Disney covers only the US market.
The deal between Sony Pictures and Disney was wrangled by Disney Media and Entertainment Distribution head of business operations for ABC, Freeform, FX Networks, and acquisitions Chuck Saftler, and Sony Pictures Entertainment president of worldwide distribution and networks Keith Le Goy.
"This landmark multi-year, platform-agnostic agreement guarantees the team at Disney Media and Entertainment Distribution a tremendous amount of flexibility and breadth of programming possibilities to leverage Sony’s rich slate of award-winning action and family films across our direct-to-consumer services and linear channels. This is a win for fans, who will benefit from the ability to access the very best content from two of Hollywood’s most prolific studios across a multitude of viewing platforms and experiences," said Saftler in a recent statement.
Keith Le Goy said, "We are thrilled to team up with Disney on delivering our titles to their viewers and subscribers. This agreement cements a key piece of our film distribution strategy, which is to maximise the value of each of our films, by making them available to consumers across all windows with a wide range of key partners.''
e-commerce
ONDC names Vibhor Jain MD and CEO; Rohit Lohia joins as CBO, Manoj Thakur as CTO
Leadership formalised as open commerce network sharpens focus on scale and user value
The Open Network for Digital Commerce has formalised Vibhor Jain as managing director and chief executive officer, cementing a leadership transition at India’s ambitious open commerce platform as it pushes for scale and relevance.
Jain, who had been serving as acting chief executive officer since April last year following the exit of Thampy Koshy, steps into the role with effect from 7th April , according to a report by The Economic Times. He previously served as chief operating officer at the government-backed network, which enables buyers and sellers to transact across applications through an open, interoperable system.
Setting out his strategy, Jain underscored the network’s differentiated architecture. “Going forward, we are concentrating on what open, interoperable infrastructure can uniquely enable, things that no single platform has the incentive or the architecture to do,” he said.
He added that the immediate priority is to widen ONDC’s impact across user cohorts often underserved by platform-led commerce. “My priority is to deepen the value ONDC creates for the people it exists to serve: kisaans, karigars, kiranas, gig workers, first-time investors, and daily commuters across India,” he said.
Jain also flagged leadership reinforcement within the organisation, noting that ONDC has “a strong and exciting leadership team in place”, with Rohit Lohia joining as chief business officer and Manoj Thakur as chief technology officer.
With over 18 years of experience spanning entrepreneurship and consulting, Jain brings a track record in technology-led, large-scale transformation programmes and internet businesses. At ONDC, he has been closely involved in shaping strategy and operations as the network seeks to move digital commerce away from platform-centric models towards an open network approach.
Before ONDC, Jain worked with JUMO, where he helped set up the fintech firm’s India operations, and led the India launch of Mobike, handling regulatory, policy and operational aspects of its market entry. Earlier, he co-founded Atlanta Healthcare, an air quality management company, and spent more than a decade in consulting roles at Andersen and EY, advising governments on public policy and technology-driven reforms, including work on the Aadhaar programme and tax systems.
The mandate is clear but the path is complex. As ONDC attempts to rewrite the rules of digital commerce, Jain now carries the burden of turning open architecture into mass adoption, in a market still dominated by platform power.
