\n\tSometimes the hunt for a deal is easier than others.<\/p>\n
\n\tIn the case of the sequel to the cultural sensation KPop Demon Hunters<\/a>, Netflix decided to take the easier route and awarded Sony \u2014 which made the acclaimed animated film \u2014 a $15 million bonus for the astonishing success of the pic, according to a source close to the streamer.<\/p>\n \n\tFrom Sony Pictures Animation<\/a>, KPop Demon Hunters quickly became the most watched film of all time on Netflix this summer.<\/p>\n \n\tThe bonus was a mutually agreed upon olive branch that allowed Netflix\u2019s movie executives to hammer out a deal relatively quickly <\/a>with Sony movie chief Tom Rothman and his team for a sequel.<\/p>\n \n\tIt also means Sony\u2019s cash payout for the first film is now $40 million, instead of the original $25 million. The $25 million included a $20 million fee, plus $5 million for first-option rights for Netflix to retain the pic on the platform. In addition, Netflix covered the entire $100 million budget of the pic.<\/p>\n \n\tIt doesn\u2019t end there. Sony also collects a margin of the production budget, as Netflix is paying the Sony-owned animation company Imageworks, home of the\u00a0Spider-Verse\u00a0franchise, for work on the movie. Sony also receives a piece of soundtrack sales<\/a>, as well as\u00a0music<\/a>\u00a0publishing fees for certain songs. Merchandising rights, however, belong solely to Netflix.<\/p>\n \n\tThe exact financial terms of the Kpop sequel have not been revealed, but it\u2019s safe to say there are increases in every category, including some sort of success metric built in when it comes to bonuses.<\/p>\n \n\tWhatever they are, the deal is also a boon for Netflix, which can use the sequel to keep the KPop movement alive and thriving. <\/p>\n \n\tSony and Netflix declined comment. Both companies known to be loath to discuss numbers.<\/p>\n \n\tThe deal for the first\u00a0Demon Hunters\u00a0\u2014 which was part of a larger, multi-title pact \u2014 was struck during the depths of the pandemic in 2021.<\/p>\n