Netflix seals deal with Steven Spielberg’s studio

One point for Netflix. In the content war that opposes it to Disney, Amazon, Warner and others, the streaming leader can count on a recruit of choice. He announced that he had signed a contract with Amblin Partners, Steven Spielberg’s company, for the upcoming production of several films per year. Terms of the deal were not disclosed.

“Steven is a creative visionary and a leader. Like so many around the world, I was lulled as a child by his memorable characters, his stories, which were enduring and inspiring, said Netflix co-CEO Ted Sarandos. We look forward to working with the Amblin team and are honored and thrilled to be a part of this chapter in Steven’s cinematic history. “

The director of “ET”, “Indiana Jones” and “Jurassic Park” had created Amblin Partners in 2016 with Jeff Skoll, Anil Ambani and Darren Throop to take over from Dreamworks, acquired by NBC Universal (Comcast). In the process, Amblin and Universal announced an exclusive five-year distribution agreement. The contract with Netflix is ​​also not exclusive: the studio of Steven Spielberg (which also counts Alibaba among its shareholders) announced that it would continue to work with Universal. “It was very clear that we had an incredible opportunity to tell new stories together and reach audiences in new ways,” said Steven Spielberg.

Netflix under pressure

Netflix and Amblin Partners have already collaborated on several projects, such as “The trial of Chicago 7”, which aired on the streaming service last year, or “Maestro”, the Leonard Bernstein biopic directed. by Bradley Cooper, whose filming has begun.

Recently, Amblin Partners produced “Green Book”, which won the Oscars in 2019, or “1917”. With this new contract, Netflix will strengthen its exclusive content, as it plans to release 60 films this year, as well as its prestige, with Amblin’s productions regularly being candidates for the Oscars and Golden Globes.

While it remains the leading video streaming service in the world today, it is seeing the competition gradually catching up and arming itself in the content war. Amazon recently got hold of the legendary Metro-Goldwyn-Mayer studio for $ 8.45 billion. Disney + has exceeded 100 million subscribers worldwide.

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