Following its "theatrical and home entertainment release periods"

The live-action Legend of Zelda movie will be streamed exclusively on Netflix following its "theatrical and home entertainment release periods", Famitsu is reporting.
Under an agreement with Sony Pictures Entertainment, the adaptation will join the likes of Spider-Man: Beyond the Spider-Verse, The Nightingale and the Beatles' four-part film series by shifting to the streaming platform. The "landmark global Pay-1 licensing deal" is expected to be completed globally by 2029, with a gradual rollout starting "later this year as individual territory rights become available".
Lauren Smith, Vice President of Licensing and Programming Strategy at Netflix, had this to say:
“Our members all over the world love movies and giving them exclusive access to Sony’s much loved films adds incredible value to their subscriptions. Sony’s impressive slate of iconic film franchises like Spider-Man: Across the Spider-Verse and originals like Anyone But You have been popular with our U.S. audience and now we’re excited to expand that offering to our members all around the world.”
Paul Littmann, EVP of Global Distribution, Sony Pictures Television, adds:
“Our partnership with Netflix has always been incredibly valuable. This new Pay-1 deal takes that partnership to the next level and reinforces the enduring appeal of our theatrical releases to Netflix’s global audience. It also further underscores the strength of our independence and unique ability to create meaningful opportunities that benefit our creative stakeholders, consumers, and world-class partners.”
The wording of this agreement suggests the movie will be available for physical and digital purchase following its cinema run, before moving exclusively to Netflix's subscription-based streaming platform.
The movie is a co-production with Nintendo and is scheduled for global release on May 7th, 2027.
[source famitsu.com]