LOS ANGELES — Premium pay TV channel Starz said Monday that it has renewed its agreement to carry movies from Sony Pictures through films hitting theaters in 2021. The deal, which was seen as a must-win for the channel, comes two months after Netflix snatched future Disney movies from Starz.
The deal will extend Sony’s relationship with Starz by five years, giving the channel access to major Hollywood releases into the future. Disney movies released in 2016 and beyond will play on Netflix’s streaming service instead of Starz.
Analysts speculated that Starz is paying anywhere from $250 million to $400 million per year, an increase from the estimated $200 million it is paying Sony currently.
Starz chief executive Chris Albrecht said in a securities filing, ‘‘we believe the terms are consistent with other recent agreements between traditional premium TV networks and major Hollywood studios,’’ without elaborating.