This is MASSIVE!
From NY Post:
In a “Jaws”-dropping turn of events, filmmaker Steven Spielberg has struck a multiyear deal to supply movies for Netflix.
Spielberg’s Amblin Partners and Netflix announced an agreement in which the studio will make multiple new films for the streaming giant over the course of the agreement.
The Netflix deal has no restrictions regarding budget or genre, insiders told the Hollywood Reporter. Spielberg’s partnership with Netflix does not impact Spielberg’s relationship with Comcast Corp.’s Universal Pictures.
Financial terms of the deal were not disclosed.
“Steven is a creative visionary and leader and, like so many others around the world, my growing up was shaped by his memorable characters and stories that have been enduring, inspiring and awakening,” said Ted Sarandos, Netflix’s co-CEO and chief content officer. “We cannot wait to get to work with the Amblin team and we are honored and thrilled to be part of this chapter of Steven’s cinematic history.”
(image source: YouTube)
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