1. So, Disney and Netflix made a deal with Sony such that Sony's pictures would, after leaving the theaters, go first to Netflix in the Pay 1 Window, then go to live on Disney+ for the Pay 2 Window. Disney would also get to put a lot (if not all) of Sony's library on D+/Hulu.
2. Previously, Sony's Animation was going to Netflix in the Pay1, but, Sony's Live-Action was going to Starz (corporate sibling of Lionsgate/Summit).
(Sony can play the field like this because that studio doesn't run a liear or streaming channel, nor does Sony have a corporate sister or overlord that runs a streamer.)
3. The new Sony/Netflix/Disney deal begins in 2022. All Sony Live and Animated goes to Netflix, then Disney.
4. However... Spider-Man: No Way Home was a movie made in 2021. So, where will it go?
5. Starz has just announced that they'll be getting Spider-Man's Pay1 some time later this year. After all, that's the contract. So, while other Sony/Marvel films may migrate to D+ sooner than later, it will be later for No Way Home.
6. As a side note, Starz/Lionsgate/Summit have made no secret over how much they would love to be bought out by some bigger player in the streaming wars. Starz only now has Lionsgate/Summit as a feeder, and that ain't going to cut it. This makes this announcement from Starz rather funny...
The CEO says this is "all part of their strategy"... a strategy of *retention.* No Way Home was their last Sony movie that they're able to *retain*.