Netflix has reached a licensing agreement with The Weinstein Company that will give the streaming platform’s US subscribers exclusive access to the studio’s first-run films from 2016.
The deal, which Weinstein has called the biggest in its history, will see Weinstein and Dimension Films titles, made available for Netflix subscribers to watch across multiple platforms, in the pay-TV window straight after theatrical release.
Netflix already has a deal offering subscribers streaming access to TWC documentaries and foreign films, including Academy Award winning best picture The Artist, and best documentary feature Undefeated. Last year it reached a pay-TV window deal with Disney for its animated and live-action features.
Netflix chief content officer Ted Sarandos said: “Harvey and Bob Weinstein…are as innovative in business as they are creative in their storytelling. We look forward to reinventing the pay-TV window with the Weinsteins.”
Harvey Weinstein said: “The deal that we’ve just completed with Netflix is probably the biggest deal in the history of The Weinstein Company and together, we are discussing ways to reinvent the pay-TV experience so that the audience can get even more for their money.
“Their enthusiasm for movies of all kinds was the big factor in our choosing Netflix. Moving forward when people see The Weinstein Company name on a movie they know that our pay TV partner is the most significant new force in the entertainment industry – Netflix.”
The Netflix deal replaces Weinstein’s existing seven-year agreement with Showtime.