Netflix has been associated with Steven Spielberg’s Movie Studio, Amblin Partners, to produce several new feature films for the transmission service each year.
According to the terms of the agreement, Amblin is expected to produce at least two films per year for Netflix, although the length of the association is not specified. It is also a possibility that Spielberg himself can direct some of the projects.
These new films are not yet associated with any budget or gender requirement, so it is likely that the era can benefit from large high-profile budget productions such as the 6 underground of Michael Bay or the Irish of Martin Scorcese in the near future .
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According to reports, Spielberg had previously been skeptical about Streamer-First projects, including affirming that they should not be eligible for prizes, although the legendary director later deactivated tensions between him and Netflix.
“In Amblin, narration of narration will always be at the center of everything we do, and from the minute [Netflix CEO] and started discussing an association, it was abundantly clear that we had an incredible opportunity to tell new stories together and get there to audiences. Of good forms, “Spielberg said in a statement.
However, the study will continue to produce films for a universal long-time partner, and none of the upcoming director’s projects, a new version of West Side Story and Seth Rogen, starring the Fabelmans, will arrive at Streamer.
“This new avenue for our movies, along with the stories, we continue counting on our long-term family in Universal and our other partners, will be fulfilled personally for me,” said Indiana Jones director.
Check your six.
The new Association announcement arrives when the largest rivals of Netflix continue to establish its footprint in the transmission game.
Disney Plus, for example, has become exponentially in the year and a half since its initial launch, with CEO of Disney Bob Chapek recently praising the quality of the original content of Streamer, as well as its ability to generate profits for the entertainment giant.
The tastes of HBO Max and Amazon Prime Video have also enjoyed several high-profile high-profile victories, while even Apple TV Plus seems to be gaining a point of support in the industry thanks to upcoming projects such as invasion and shrinkage to side.
The Point being, Netflix is no longer the only option for consumers who seek high quality original content of their homes. This new partnership with Steven Spielberg’s Movie Studio, then, evidently represents an attempt to scratch some of the lost market share.
And if the agreement means that the streamer is configured to benefit from more prizes fastening functions such as marriage history, black history of Mank and Ma Rainey, it can only be a victory for subscription audiences to Netflix.
