The acclaimed filmmaker Steven Spielberg has struck a multiyear deal to make movies for Netflix Inc., a huge get for the streaming giant as it faces increased competition for talent and content from deep-pocketed rivals such as Walt Disney Co. and Amazon.com Inc.
Under the terms of the agreement, announced by Netflix and Mr. Spielberg’s Amblin Partners, the studio will make multiple new films for Netflix over the course of the agreement. The pact with Netflix doesn’t affect Mr. Spielberg’s long-term relationship with Comcast Corp.’s Universal Pictures where Amblin Partners is based.
Netflix’s signing of Mr. Spielberg, whose body of work includes “Jaws” “E.T.,” and “Saving Private Ryan,” indicates that the company is keeping a sharp eye in its rear view mirror. Although Netflix is far and away the most popular streaming service around the globe, its competitors are growing in number and strength.
Walt Disney’s Disney+ has made strong inroads in the U.S. and abroad. Other rivals are also gunning for Netflix. Last month, Amazonin a deal valued at $8.45 billion including debt. Among the properties that will now be part of Amazon is the James Bond franchise. HBO Max, the year-old streaming service launched by AT&T Inc.’s WarnerMedia is also beefing up on its original and acquired content as is Comcast’s Peacock service.
Steven Spielberg is and will be one of the best together with George Lucas , Francis Ford Coppola ,everyone with their distinguished style.
Amazon with MGM, Netflix with amblin. disneyplus has Disney and Fox. hbomax has wbpictures. Jostling for streaming place. Next a service comes that gives a combo for all.
asemota A beautiful move that benefits Netflix so much. I like this... Kudos.
**stares at Christopher Nolan**
Why does Netflix always destroys movies and books ?
He’s been making crappy movies that Netflix steamers seem to love. Good match
So it is the definitive seal as a 'Gen-X' TV. Starts smelling of archeology ( I am Gen-X, to be clear)
This is quite a win for Netflix as Steven Spielberg is one of the most renowned directors of all time. We are interested to see what kind of content the Hollywood director will bring. Crossing our fingers for more action and adventure! smjnews
ET:What a perennial movie!!!!
The SAME Steven Spielberg that was mad about streaming movies getting Oscar nods?!?!
He’s 74 right? Hmmm
This picture...😭😭😭😂😂 from E.T. to A.I. is just a small step!
Lol
Akon once sang'dollar dollar bill yooo'
Maybe TV is not so evil.
atom_singhh
I guess streamers are now ok.
Too bad their net profit is all accounting gimmicks. This company will NEVER be truly profitable burning cash on content deals like this.
'Steven Streamberg'? 👍😀 Seriously, this could allow him more releases per year than regular releases. Cc: buypopcorn Cordkillers
How old is Spielberg?
ET!
Steven, this you?
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