Netflix lands deal with Steven Spielberg. Hell Freezes Over? Steven Spielberg’s Amblin Partners In Deal To Make Movies For Netflix.
Steven Spielberg has inked a deal with Netflix.
His production company, Amblin Partners, will make multiple movies for the streaming giant.
But things haven’t always been rosy between Spielberg and streaming services. So here’s your shortcut guide to the big deal.
Netflix lands deal with Steven Spielberg
The Netflix deal will co-exist side by side with the one Spielberg and Amblin have at Universal Pictures. Neither will have the first shot at Amblin properties; Spielberg will make some films for Universal, and others to be made for Netflix. The expectation is that Amblin will generate multiple films per year for Netflix, which has a voracious appetite for content, and releases a new film per week.
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It extended Amblin’s Universal deal last December, at which time comments reflected the possibility that a streaming deal might be in the offing.
The two companies have been collaborating for some time in an informal capacity. Netflix released the Amblin-produced Aaron Sorkin-directed The Trial of the Chicago 7, a film that garnered six Oscar nominations. In addition, Netflix stepped up to finance and distribute Maestro, the film that Bradley Cooper is directing and starring in on the iconic composer Leonard Bernstein. That film is in pre-production.
Said Amblin Partners chairman Spielberg on Monday in a statement: “At Amblin, storytelling will forever be at the center of everything we do, and from the minute Ted and I started discussing a partnership, it was abundantly clear that we had an amazing opportunity to tell new stories together and reach audiences in new ways.
Read Now, you can’t share Netflix’s password.
This new avenue for our films, alongside the stories we continue to tell with our longtime family at Universal and our other partners, will be incredibly fulfilling for me personally since we get to embark on it together with Ted, and I can’t wait to get started with him, Scott, and the entire Netflix team.”
Netflix Co-CEO and chief content officer Sarandos called Spielberg “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. 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.”
This new avenue for our films, alongside the stories we continue to tell with our longtime family at Universal and our other partners, will be incredibly fulfilling for me personally since we get to embark on it together with Ted [Sarandos, Netflix chief content officer], and I can’t wait to get started with him, Scott, and the entire Netflix team
The Bottom Line
Why did Netflix even chase him? Because while Netflix might have been the first to make streaming a thing, the rest of the world has caught up.
Where once there was just Netflix, now you’re probably juggling several subscriptions at any given time. Except for a Quibi subscription. No one had one of those.
The place currently being, Netflix is no longer the only alternative to individuals looking for higher-high-quality unique content from the ease and comfort of their properties. This new partnership with Steven Spielberg’s motion picture studio, then, evidently represents an try to claw some of that lost marketplace share again.
And if the offer suggests the streamer is set to advantage from additional award-chasing characteristics like Marriage Story, Mank, and Ma Rainey’s Black Base, it can only be acquired for Netflix-subscribing audiences.