Steven Spielberg signs major streaming deal with Netflix | Malay Mail

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LOS ANGELES, June 23 ― Steven Spielberg will produce multiple new films for Netflix every year, the company said Monday, in a major deal that highlights how fully Hollywood has embraced streaming platforms. The partnership with arguably Tinseltown's top director is a coup for Netflix at a time...

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In a joint statement about the Netflix deal, Spielberg praised “this new avenue for our films” as an “amazing opportunity to tell new stories together and reach audiences in new ways.”

“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,” said Sarandos. But the deal comes as the industry pivots from a model that insisted on lengthy, exclusive “windows” for movie theatre releases, to one in which major films often appear on streaming platforms simultaneously or very soon after they hit the big screen ― or even skip theatres altogether.The Trial of the Chicago 7

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