Entertainment

Netflix Signs Surprising Production Contract with Steven Spielberg

Filmmaker Steven Spielberg has signed a multi-year contract to provide movies to Netflix at the turn of events like “Jaws.”

Spielberg’s Amblin Partners and Netflix have announced a deal that the studio will make several new films for the streaming giant in the process of the deal.

Netflix contracts have no budget, genre, or insider restrictions Told the Hollywood Reporter.. The partnership between Spielberg and Netflix is ​​Spielberg and Comcast Corp. Does not affect your relationship with Universal Pictures.

The financial terms of the transaction have not been disclosed.

Ted Sarands, Co-CEO and Chief Content Officer at Netflix, said: Officer. “I can’t wait to work with the Amblin team. I’m honored and excited to be part of this chapter in Stephen’s film history.”

Spielberg, 74, is the mastermind behind hits such as “ET,” “Jaws,” “Schindler’s List,” and “Jurassic Park.” Amblin is a producer of films such as “Green Book” and is working with Netflix in the Oscar-nominated 2020 film The Trial of the Chicago.

Steven Spielberg has starred in the 2020 Academy Awards in Los Angeles.
Getty Images

In the past, three Oscar winners Spielberg Proposed That streaming movie, including one that was probably created for Netflix, isn’t necessarily considered for an Academy Award.

It’s unclear which projects fall under the Netflix agreement.Spielberg this summer Preparing to shoot His semi-autobiographical novel, starring Paul Dano and Michelle Williams, will go to Universal. Spielberg is also working on projects such as the comedy “Easter Sunday” and the horror movie “The Last Voyage of Demeter”.

“It was clear enough that we had a great opportunity to tell a new story together and reach the audience in new ways,” Spielberg said in a statement.

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Drew Barrymore-the classic “ET” in Steven Spielberg’s 1982 out scene
© Universal / Courtesy Everett

The deal could add further fame to Netflix’s already impressive praise as the world’s largest streaming service and with 36 Oscar nominations for the film. Netflix plans to make 60 movies this year.

As Netflix’s range of competitors and viewership grows, Spielberg can become a key player in protecting Netflix’s popularity. Amazon has acquired MGM film and television studios, but Disney + and HBO Max have grown very rapidly.

“This new path in our film is personally incredibly fulfilling as we embark on it with Ted, alongside a story we’ve been talking to Universal’s longtime family and other partners. I can’t wait to get started with him, Scott, and the entire Netflix team, “Spielberg added.

Netflix Signs Surprising Production Contract with Steven Spielberg

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