Netflix Gets This Big Licensing Deal

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Netflix (NASDAQ:NFLX) on Tuesday announced a new licensing partnership with The Weinstein Co. in which Netflix will have the exclusive right to stream films from the company starting in 2016.

Netflix is already home to The Weinstein Co.’s foreign films and documentaries, including the Academy Award Best Picture winner The Artist. Starting in 2016, Netflix will be the pay-TV home of films from The Weinstein Co. and Dimension Films after the films have completed their theatrical release.

“Harvey and Bob Weinstein are in a class of their own when it comes to choosing and producing the best films in the world,” Ted Sarandos, Netflix’s chief content officer, said in a company press release announcing the deal. “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,” Harvey Weinstein said in the statement. “Their enthusiasm for movies of all kinds was the big factor in our choosing Netflix.”