Netflix inks strategic multi-year agreement with Miramax

MUMBAI: Netflix, Inc. and Miramax have inked a multi-year agreement under which Netflix members in the US will be able to instantly watch movies from the Miramax film library. It is the first time Miramax titles have become available through a digital subscription service.

Beginning in June, Netflix members in the US will be able to instantly watch several hundred Miramax movies, with dozens of titles being added on a rotating basis. The movies can be watched on multiple platforms, including TV, tablet, computer and mobile phones. Financial terms of the deal are not being disclosed.

"Netflix is thrilled to enter into this deal with the new team at Miramax. 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," said Netflix chief content officer Ted Sarandos.

"From day one, we’ve been very clear about the importance of digital and our desire to respond to the significant pent-up demand for our films — delivering to consumers whenever and wherever they want. This agreement is an important first step in our digital strategy. Netflix has always been a trailblazer, with a tremendous track record of innovation and quality customer service. We’re thrilled to now be in business with them as we build and revitalize the proud Miramax brand," said Miramax CEO Mike Lang.

Through this partnership, the Netflix library gains a variety of films which collectively have 284 Academy Award nominations, across 83 films, with 68 wins, including the Best Picture winners The English Patient and Shakespeare in Love. Titles such as 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 many of the Halloween, Scary Movie, Scream and Spy Kids movies will be available over time.

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