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Photo by Suleyman Elcin/Anadolu Agency via Getty Images

Netflix and Sony Pictures Entertainment have struck a major, multi-year deal beginning in 2022 that will give Netflix access to Sony's biggest franchises, like "Spider-Man" and "Jumanji."

Why it matters: Sony is one of the only major movie studios that doesn't have its own streaming platform to distribute on its content on.

  • At a moment where most major entertainment companies and studios are trying to pull their content off of Netflix to supply their own streaming services, the Sony deal offers a major boost to Netflix's library.

Details: The deal will also bring the studio's new movies to Netflix, like "Uncharted" and "Morbius," following their U.S. theatrical debut next year.

  • It also gives Netflix access to future films that will appear from Sony Pictures, like future "Spider-Man" franchise sequels and other films featuring Marvel characters that Sony has the rights to, like "Venom."
  • Netflix will have the exclusive first right to stream Sony-produced films or films the company is licensing for streaming. According to a statement, Netflix has committed to making a number of those films over the course of the deal.
  • The financial terms of the deal were not disclosed.

The big picture: Movie studios like Sony traditionally would license their content to cable networks following their theatrical releases. In the streaming world, it's notable that Sony has bypassed traditional television networks for a streaming company.

Go deeper

Home confinees face imminent return to prison

Illustration: Aïda Amer/Axios

Thousands of prisoners who've been in home confinement for as long as a year because of the pandemic face returning to prison when it's over — unless President Biden rescinds a last-minute Trump Justice Department memo.

Why it matters: Most prisoners were told they would not have to come back as they were released early with ankle bracelets. Now, their lives are on hold while they wait to see whether or when they may be forced back behind bars. Advocates say about 4,500 people are affected.

The "essential" committee that still doesn't exist

House Speaker Nancy Pelosi. Photo: Stefani Reynolds/Getty Images

Nearly five months after House Speaker Nancy Pelosi (D-Calif.) announced the creation of the bipartisan Select Committee on Economic Disparity and Fairness in Growth, it's not been formed much less met.

Why it matters: Select committees are designed to address urgent matters, but the 117th Congress is now nearly one-quarter complete without this panel assembling. When she announced this committee, Pelosi described it as an "essential force" to "combat the crisis of income and wealth disparity in America."

Biden's ethics end-around for labor

President Biden surveys a water treatment plant during a visit to New Orleans today. Photo: Brendan Smialowski/AFP via Getty Images

The Biden administration is excusing top officials from ethics rules that would otherwise restrict their work with large labor unions that previously employed them, federal records show.

Why it matters: Labor's sizable personnel presence in the administration is driving policy, and the president's appointment of top union officials to senior posts gives those unions powerful voices in the federal bureaucracy — even at the cost of strictly adhering to his own stringent ethics standards.