Netflix has struck a deal with Miramax, and will begin streaming movies from the studio in June of this year. The multi-year agreement includes hundreds of Miramax films, with new films added on a rotating basis. Miramax’s deal with Netflix is the first time that any of the studio’s titles will be available through a digital subscription service.
Popular Miramax titles include Clerks, Scream, Good Will Hunting, Kill Bill and The English Patient. All of which will be available at some point on Netflix through the deal.
“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.”
The companies didn’t disclose any of the financials of the deal, but it was rumored in March to be close to $100 million for the 5 year agreement.
Netflix snatching up agreements with studios for content definitely puts it in a better position to compete against the new kid on the block, Google Movies. There’s no denying that Netflix is the biggest and baddest kid on the block now for streaming video content, it will be interesting to see what Google does over time to try and take that spot away.
Are any of you excited about the addition of Miramax content to Netflix’s library? What do you think is going to be Google’s first move (if any) to take away Netflix’s top spot?