Steven Spielberg and Amblin make a deal with Netflix

Breaking: Amblin Partners makes a deal with Netflix.

Steven Spielberg’s Amblin hits a deal with Netflix that sees the streamer fund and release multiple films a year for the company. It also shows how Netflix CEOs Ted Sarandos and Scott Stuber target the most famous filmmakers and companies. They keep pushing the boundaries of Netflix.

We’ve covered comments Spielberg made (which his camp says were taken out of context) about streaming movies not eligible for the Academy Awards, but it seems like that’s all smoothed out now .

This new Netflix deal doesn’t affect the deal Amblin has with Universal Pictures.

Spielberg said in a statement, “At Amblin storytelling will forever be at the center of everything we do, and from the moment Ted and I started discussing a partnership, it was very clear that we had a great opportunity to to tell new stories together and reach the audience in new ways. This new path for our films, along with the stories we continue to tell with our longstanding family at Universal and our other partners, will be incredibly fulfilling for me personally as we can take it with Ted, and I can’t wait Start with him, Scott and the entire Netflix team. “

In turn, Sarandos called Spielberg “a creative visionary and leader, and like so many others in the world, growing up was shaped by his unforgettable characters and stories that were persistent, inspiring and awakening. We can’t wait to work with the Amblin team and we are honored and excited to be part of this chapter of Stevens’ film history. “

It sounds revolutionary, but Netflix and Amblin have worked together in the past. Last year Amblin produced Examination of Chicago 7, which Netflix released (and which earned several Academy Award nominations). Netflix also acquired the Amblin movie maestro, where Bradley Cooper plays Leonard Bernstein.

Jeff Small, CEO of Amblin Partners, said in a statement: “By deepening our relationship with Netflix through this new film partnership, we are building on a long history of incredibly successful collaboration in both television and film. The global platform they have built – with more than 200 million members – speaks for itself, and we are so grateful that we have the opportunity to work closely with Scott and his great team to bring the iconic brand to Netflix audiences of Amblin’s storytelling. ”

Scott Stuber, Head of Global Film at Netflix, said, “Ablin and Steven Spielberg are amazing entertainment. Their passion and artistry combine to create films that both captivate and challenge audiences. We look forward to working with Steven, Jeff and the entire Amblin family on a new series of films that will delight generations for years to come. “

These are the typical platitudes for the titans of the industry, but what does it say about the future of filmmaking? Without knowing what defines a Netflix movie versus a Universal movie, Amblin seems to be able to have her cake and eat it too.

Spielberg has a new movie that he is making that is based on his life. There might be a situation where these two beings within Amblin are bidding on it. Still, I think the biggest benefit of this is that Amblin is making more films.

That means more jobs for writers and more for executives to find and oversee those projects. It will be interesting to see this as the process progresses. Let us know what you think in the comments.

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