About This Source - Bloomberg QuickTake: Now
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Bloomberg Quicktake: Now published this video item, entitled “Netflix Signs Multiyear Deal for Films From Steven Spielberg” – below is their description.
Steven Spielberg, the father of the modern movie blockbuster, signed a multiyear deal to provide films for Netflix Inc., promising a stream of new pictures for the online video leader.
The multifilm agreement with Amblin Partners builds on an existing relationship, the parties said Monday in a statement. They’ve already teamed up on last year’s “The Trial of the Chicago 7” and the Leonard Bernstein biopic “Maestro,” which is in preproduction. Terms of the deal weren’t disclosed.
Netflix is the dominant paid streaming service, but it’s seeking more hits that can attract subscribers and help it stand out in a crowded market — especially as media giants such as Walt Disney Co., AT&T Inc.’s WarnerMedia and Comcast Corp.’s NBCUniversal debut more of their biggest films online.
In Amblin, Netflix gets access to a legendary filmmaker and a studio whose recent hits include the Oscar-winning “Green Book” and “1917.” The 74-year-old Spielberg, who directed “E.T.,” the Indiana Jones series, “Jurassic Park” and “Saving Private Ryan,” serves as Amblin’s chairman. The studio will continue to work with Universal and other partners, he said.Bloomberg Quicktake: Now YouTube Channel
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Steven Allan Spielberg is an American film director, producer, and screenwriter. He is considered one of the founding pioneers of the New Hollywood era and one of the most popular directors and producers in film history.