PHILADELPHIA, PA, August 31, 2013 /24-7PressRelease/
-- Michael Pilney
makes a living discussing his favorite movies, TV shows, and books in depth, and for this reason he is thrilled about a new announcement regarding Netflix's programming. An article
from The Los Angeles Times reveals that Netflix has finalized a deal with Weinstein Co. for the exclusive U.S. pay-television rights to the film studio's first-run movies. The deal will start in 2016. The announcement is a major one for both the television and film industries.
The arrangement bolsters the appeal of Netflix, an Internet television company. It also marks the second time that Netflix has outmaneuvered a premium cable channel for the U.S. subscription TV rights to a major studio's releases. Netflix currently boasts 37 million subscribers. Last December, the brand won the pay-TV rights to Starz movies from Walt Disney, Co. This included films from Disney, Marvel, and Lucasfilm. The new addition added a range of live-action and animated films to Netflix's repertoire.
Currently, Netflix distributes documentaries and foreign films from Weinstein Co., which includes "The Artist." This film won the "Best Picture" honor at the Academy Awards. This new deal covers theatrical releases, and begins in 2016 as soon as Weinstein's current deal with Showtime expires.
Weinstein Co. co-chairman Harvey Weinstein explains, "The deal that we've just completed with Netflix is probably the biggest deal in the history of the Weinstein Co. Together, we are discussing ways to reinvent the pay-TV experience so that the audience can get even more for their money."
At this point, deal terms have not been made public. However, in the past, payments have been calculated by examining how many movies are released and by reviewing the performance of the films at the box office. Barton Crockett, a media analyst with Lazard Capital is under the impression that the cost is about $30M a year. He supports the deal, explaining that it will make popular releases like "Django Unchained" and "Silver Linings Playbook" available to Netflix users.
Crockett went on to say, "Over the next few years, Netflix's movie lineup, we believe, will become second only to HBO's in prominence and exclusivity."
Michael Pilney comments on the excitement surrounding the deal, "It's a good day for movie fans and Netflix subscribers. The choices available will only continue to grow in the future. These films are terrific and will provide hours of entertainment for Netflix subscribers." Michael Pilney goes on to add, "Any time more options and more movies are made available, it is something to feel good about."
For nearly ten years, Michael Pilney has earned a living by discussing his favorite hobbies. He reviews and critiques video games, TV shows, books, and movies for a number of prominent online sites and publications. Pilney hails from Atlanta, Georgia, and created a blog dedicated to his passion for movies and books in 2000. Since then, his writing has gained popularity and earned him the chance to offer reviews on a larger scale, thus earning money for his work and his thoughts. His blog continues to pick up followers, as many readers trust Pilney's words when it comes to selecting the next TV show they will watch, movie they will see, or book they will read.