Netflix Awards Sony $15 Million Bonus for KPop Demon Hunters Success, Secures Sequel Deal

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Netflix Awards Sony $15 Million Bonus for KPop Demon Hunters Success, Secures Sequel Deal

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Netflix rewards Sony with a $15 million bonus for the success of KPop Demon Hunters, leading to a quick agreement on a sequel. The deal boosts Sony’s earnings to $40 million and includes various financial arrangements, with Netflix retaining merchandising rights.

Netflix has rewarded Sony with a $15 million bonus for the remarkable success of the animated film KPop Demon Hunters, making it the most-watched movie on Netflix this summer. This bonus paved the way for a swift agreement on a sequel between Netflix and Sony.

The original deal for the first film included a $25 million payout, but with the bonus, Sony’s total earnings now stand at $40 million. Netflix not only covered the $100 million budget for the film but also agreed to various financial arrangements, including paying Sony-owned Imageworks for their animation work.

While Sony benefits from soundtrack sales and music publishing fees, Netflix retains merchandising rights. The specifics of the KPop Demon Hunters sequel deal remain undisclosed, but it is expected to include increased benefits across the board, possibly tied to performance metrics for bonuses.

Disclaimer: This article has been auto-generated from a syndicated RSS feed and has not been edited by Vitrina staff. It is provided solely for informational purposes on a non-commercial basis.

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