Netflix and Sony have extended their arrangement to stream movies after released in theaters

In order to extend the rights to movies on the online content platform after they are released in theaters, Netflix and Sony Pictures Entertainment (SPE) announced a historic worldwide licensing agreement.

“Under this exclusive multi-year agreement, SPE films will be streamed on Netflix worldwide—an industry first for subscription pay—after their full theatrical and home entertainment release,” Netflix said in a statement.

The new agreement will be implemented gradually later this year and will also grant Netflix the rights to select titles from SPE’s feature film and television libraries.

Netflix currently has pay-per-view rights to SPE titles in select territories, including the United States, Germany, and Southeast Asia.

As part of the new deal, some of the first SPE feature films to be broadcast on Netflix include the ambitious Beatles film saga, directed by Sam Mendes; The Nightingale, starring sisters Dakota and Elle Fanning; and The Legend of Zelda, Nintendo’s live-action adaption.

The agreement, which is valued at $82.7 billion in cash, shares, and debt, comes amid a fight to merge with Warner Bros.As part of the new deal, some of the first SPE feature films to be broadcast on Netflix include the ambitious Beatles film saga, directed by Sam Mendes; The Nightingale, starring sisters Dakota and Elle Fanning; and The Legend of Zelda, Nintendo’s live-action adaption.

The agreement, which is valued at $82.7 billion in cash, shares, and debt, comes amid a fight to merge with Warner Bros.