Netflix has just gone and scooped up another big content deal for itself. The movie streaming service has tied the knot with Miramax on a multi-year agreement to permit streaming of movies from the latter’s extensive library. Pulp Fiction, Good Will Hunting, Kill Bill, and hundreds of others might be added to the Netflix Watch Instantly catalog on a rotating basis, starting next month. This marks the primary time Miramax flicks had been available on a digital subscription service. An agreement between these two companies was last rumored in March , with a five-year term and $100 million price being mooted because the likely parameters for buying it done. Neither outfit would disclose the pricetag to Netflix, however the benefit to you, dear subscriber, is pretty obvious. Full PR after the break.
Netflix Members Can Instantly Watch Hundreds of Iconic Miramax films, Including such classics as “Pulp Fiction,” “Shakespeare in Love,” “The English Patient,” “Good Will Hunting,” “Bad Santa,” “Scream,” “Spy Kids,” “The Piano” and “Kill Bill”
BEVERLY HILLS, Calif. and SANTA MONICA, Calif., May 16, 2011 /PRNewswire/ — Netflix, Inc. (NASDAQ: NFLX) and Miramax today announced a multi-year agreement under which Netflix members within the U.S. might be ready to instantly watch a few of the world’s most loved and acclaimed films from the Miramax film library. It’s the first time Miramax titles are becoming available through a digital subscription service.
Beginning in June, Netflix members inside the U.S. may be ready to instantly watch several hundred Miramax movies, with dozens of titles being added on a rotating basis. The films would be watched on multiple platforms, including TV, tablet, computer and cellphones. Financial terms of the deal are usually not being disclosed.
“Netflix is thrilled to go into into this take care of the hot team at Miramax,” said Netflix Chief Content Officer Ted Sarandos. “Existing relationships with management and a shared affinity for these great films make this a significant deal for both companies and for our members, who will enjoy instantly watching movies from one of several truly great film libraries for decades to return.”
“From day one, we’ve been very clear concerning the importance of digital and our want to reply to the numerous pent-up demand for our films — delivering to consumers whenever and wherever they need,” said Mike Lang, CEO of Miramax. “This agreement is a vital first step in our digital strategy. Netflix has always been a trailblazer, with an enormous track record of innovation and quality customer support. We’re thrilled to now be in business with them as we build and revitalize the proud Miramax brand.”
Through this partnership, the Netflix library gains numerous films which collectively have 284 Academy Award nominations, across 83 films, with 68 wins, including definitely the right Picture winners “The English Patient” and “Shakespeare in Love.” Iconic titles reminiscent of “Bad Santa,” “Chasing Amy,” “Cinema Paradiso,” “Clerks,” “Cold Mountain,” “From Dusk Till Dawn,” “Good Will Hunting,” “Kill Bill” Volumes I and II, “Muriel’s Wedding,” “The Piano,” “Pulp Fiction,” “Reindeer Games” and plenty of of the “Halloween,” “Scary Movie,” “Scream” and “Spy Kids” movies could be available over the years.
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