Steven Spielberg Inks Multi-Year Deal , With Netflix.
The deal, which was announced on June 21,
is likely to solidify Netflix as the
top streaming service in the market.
Netflix supremacy had wobbled in recent years,
with streaming platforms introduced by Disney,
Amazon and other top studios such as HBO and NBC.
Under the deal with Spielberg, the Oscar-winning
directer will make new films for the platform
over the next several years.
and films that fall under
his Amblin production company will be
made available in the coming months.
It was abundantly clear that we had an amazing opportunity to tell new stories together and reach audiences in new ways, Steven Spielberg,
via 'The Wall Street Journal'.
Netflix currently has 60 films
in the pipeline for 2021.
Prior to the pandemic in 2018, Spielberg
had quipped that films premiering on streaming
services "deserve an Emmy, but not an Oscar.".
Netflix received three dozen Oscar nominations this year, including for Martin Scorsese's 'The Irishman.'.
While Netflix already
has established itself as a
production company of quality, .
the deal with Spielberg is expected
to greatly elevate its prestige