It's interesting that (in one regard) Sony is getting a PR win with the "StudioCanal has done this" narrative.
Another perspective: In accordance with the licensing system that Sony and their lobbyists helped establish, Sony's licensing agreement with StudioCanal came up for renewal. Sony decided that they didn't want to pay StudioCanal's perfectly reasonable() asking price.
I think it is quite tricky to argue that StudioCanal did anything wrong.
Sony isn't a naive child, they've got whole armies of lawyers analyzing the deals they sign. If Sony knowingly signs a horrible deal (such as a Netflix-like "you can show this bunch of content to users and let them download it for X years") which due to their desire to sell movies leads to them inevitably getting screwed over on their (now-mandatory) contract renewal, that's on them.
Either Sony should've insisted on a contract which included a right to sell perpetual sublicenses, or they shouldn't have "sold" those inherently-temporary movies to end users. It really is that simple.
They're not getting a PR win, I am redirecting people's attention to StudioCanal because I think hating on Sony is lazy, and also because having worked in the movie business I think I have some more insight into the licensing end of things.
StudioCanal wants to make as much money, like any publisher, but we don't know how much they wanted for this deal or how that compares to pricing for other IP. Movies are not fungible, really, and StudioCanal has a lot of classics. Like Disney, they keep the price up by rotating out of streaming licensing windows regularly; for example if your copy of terminator II disappeared from your Playstation you might be doubly upset to note it's also vanished from Netflix (or is just about to, I don't remember the exact dates).
Also, I think it's an misrepresentation (though surely unintentional) to talk about Sony's unwillingness to pay in the present tense. These movies were originally licensed/bought years ago, and Sony shut down movie sales on the Playstation store in 2021. I presume this was because they couldn't make the economics work, but it's possible that there was some antitrust angle since Sony produces films and antitrust in the US has historically frowned on film companies controlling both production and distribution. The DOJ repealed the 1948 'Paramount Decrees' in 2020 which might also have been a factor in Sony's decision-making.
Another perspective: In accordance with the licensing system that Sony and their lobbyists helped establish, Sony's licensing agreement with StudioCanal came up for renewal. Sony decided that they didn't want to pay StudioCanal's perfectly reasonable() asking price.
this is StudioCanal's perspective.