Netflix just fixed its only disadvantage in streaming

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Netflix (NASDAQ: NFLX) may be all about its original series and films, but its library can still benefit from familiar studio blockbusters. That’s why it inked a deal with Sony (NYSE: SNE) to exclusively stream the studio’s output starting with its 2022 film release slate. The deal also includes first-looks at Sony’s direct-to-home releases and several key back catalog titles, and builds on its existing deal for Sony’s animated film releases.

The opportunities to strike these deals have become few and far between as new competitors pop up and studios retain their film output. Sony may have been Netflix’s only option to even…