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TheStreet Open House

Netflix And The Weinstein Company Announce Multi-Year Premium Pay TV Window Agreement In The United States

Stocks in this article: NFLX

BEVERLY HILLS, Calif., Aug. 20, 2013 /PRNewswire/ -- Netflix Inc. (Nasdaq: NFLX) and The Weinstein Company today announced a new multi-year licensing agreement that will make Netflix the exclusive U.S. subscription television service for first-run films from TWC beginning in 2016.

(Logo: http://photos.prnewswire.com/prnh/20130820/SF66455LOGO)

(Logo: http://photos.prnewswire.com/prnh/20101014/SF81638LOGO)

Starting with its 2016 theatrically released feature films, new TWC and Dimension Films titles will be made available for Netflix members to watch instantly in the pay TV window on multiple platforms, including televisions, tablets, mobile phones and computers.

Netflix is already the Pay TV home to TWC documentaries and foreign films, including the Academy Award winning Best Picture, The Artist, and Best Documentary Feature, Undefeated, as well as to a wide-range of movies released by multi-platform distribution label RADiUS-TWC.

" Harvey and Bob Weinstein are in a class of their own when it comes to choosing and producing the best films in the world," said Ted Sarandos, Chief Content Officer for Netflix. "They are as innovative in business as they are creative in their storytelling. We look forward to reinventing the pay TV window with the Weinsteins."

"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," said Harvey Weinstein. "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."

About Netflix Netflix is the world's leading Internet television network with more than 37 million members in 40 countries enjoying more than one billion hours of TV shows and movies per month, including original series. For one low monthly price, Netflix members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments. Learn more about how Netflix (NASDAQ: NFLX) is pioneering Internet television at www.netflix.com or follow Netflix on Facebook and Twitter.

About The Weinstein Company The Weinstein Company (TWC) is a multimedia production and distribution company launched in October 2005 by Bob and Harvey Weinstein, the brothers who founded Miramax Films in 1979. TWC also encompasses Dimension Films, the genre label founded in 1993 by Bob Weinstein, which has released such popular franchises as SCREAM, SPY KIDS and SCARY MOVIE. Together TWC and Dimension Films have released a broad range of mainstream, genre and specialty films that have been commercial and critical successes.  TWC releases took home eight 2012 Academy Awards®, the most wins in the studio's history. The tally included Best Picture for Michel Hazanavicius's THE ARTIST and Best Documentary Feature for TJ Martin and Dan Lindsay's UNDEFEATED. THE ARTIST brought TWC its second consecutive Best Picture statuette following the 2011 win for Tom Hooper's THE KING'S SPEECH.

Since 2005, TWC and Dimension Films have released such films as GRINDHOUSE; 1408; I'M NOT THERE; THE GREAT DEBATERS; VICKY CRISTINA BARCELONA; THE READER; THE ROAD; HALLOWEEN; THE PAT TILLMAN STORY; PIRANHA 3D; INGLOURIOUS BASTERDS; A SINGLE MAN; BLUE VALENTINE; THE COMPANY MEN; MIRAL; SCRE4M; SUBMARINE; DIRTY GIRL; APOLLO 18; OUR IDIOT BROTHER; I DON'T KNOW HOW SHE DOES IT; SARAH'S KEY; SPY KIDS: ALL THE TIME IN THE WORLD IN 4D; MY WEEK WITH MARILYN; THE IRON LADY; W.E.; CORIOLANUS; UNDEFEATED; THE ARTIST; BULLY; THE INTOUCHABLES; LAWLESS; KILLING THEM SOFTLY; THE MASTER; SILVER LININGS PLAYBOOK; DJANGO UNCHAINED; QUARTET; ESCAPE FROM PLANET EARTH; DARK SKIES; THE SAPPHIRES; SCARY MOVIE 5; and KON-TIKI. Currently in release are UNFINISHED SONG, FRUITVALE STATION and THE BUTLER. Upcoming releases include THE GRANDMASTER, SALINGER and MANDELA: LONG WALK TO FREEDOM.

 

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