Netflix, Miramax Strike Multi-Year Streaming Deal

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NEW YORK -- Netflix and Miramax on Monday unveiled a multi-year agreement, under which Netflix streaming members in the U.S. will get to access movies from the Miramax film library, includingPulp Fiction, Shakespeare in Love, The English Patient, Good Will Hunting, Bad Santa, Scream, Spy Kids, The Piano and Kill Bill.

The deal marks the first time that Miramax titles have become available through a digital subscription service.

Beginning next month, Netflix will have access to several hundred Miramax movies, with dozens of titles being added on a rotating basis, the companies said.

Financial terms weren't disclosed, and the companies didn't detail which movies will be available when.

The new Miramax team under CEO Mike Lang, a former News Corp. business development executive, has made digital a key focus.

"Netflix is thrilled to enter into this deal with the new team at Miramax," said Netflix chief content officer Ted Sarandos. "Existing relationships with management and a shared affinity for these great films make this an important deal for both companies and for our members, who will enjoy instantly watching movies from one of the truly great film libraries for many years to come."

“From day one, we’ve been very clear about the importance of digital and our desire to respond to the significant pent-up demand for our films - delivering to consumers whenever and wherever they want,” said Lang. “This agreement is an important first step in our digital strategy. Netflix has always been a trailblazer, with a tremendous track record of innovation and quality customer service. We’re thrilled to now be in business with them as we build and revitalize the proud Miramax brand.”

Email: Georg.Szalai@thr.com

Twitter: @georgszalai

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