Steven Spielberg Strikes A Major Deal With Netflix

BEVERLY HILLS, CALIFORNIA - FEBRUARY 28: Steven Spielberg attends The Women's Cancer Research Fund's An Unforgettable Evening Benefit Gala at the Beverly Wilshire Four Seasons Hotel on February 28, 2019 in Beverly Hills, California. (Photo by Axelle/Bauer-Griffin/FilmMagic)

Legendary director Steven Spielberg, along with his production company, Amblin Partners, has signed a partnership deal with Netflix that will cover multiple feature films per year.

Under the terms of the partnership, Amblin, named after a 1968 short film by Spileberg, will continue to produce films for Universal Pictures, where the company is based.

“At Amblin, storytelling will forever be at the center of everything we do, and from the minute Ted [Sarandos] and I started discussing a partnership, it was abundantly clear that we had an amazing opportunity to tell new stories together and reach audiences in new ways,” said Spielberg in a statement to IndieWire.

“This new avenue for our films, alongside the stories we continue to tell with our longtime family at Universal and our other partners, will be incredibly fulfilling for me personally since we get to embark on it together with Ted, and I can’t wait to get started with him, Scott, and the entire Netflix team,” he added.

Amblin’s repertoire of critically-acclaimed hits includes the Best Picture Oscar-winning film Green Book and 1917, which took home three Oscars. Netflix’s signing of Spielberg, whose body of culture-shaping work includes Saving Private RyanE.T. and Jurassic Park, further strengthens the leading streaming platform’s deepening relationship with Hollywood’s main players.

“Steven is a creative visionary and leader and, like so many others around the world, my growing up was shaped by his memorable characters and stories that have been enduring, inspiring and awakening,” said Sarandos, Netflix’s co-CEO and CCO, to the outlet. “We cannot wait to get to work with the Amblin team and we are honored and thrilled to be part of this chapter of Steven’s cinematic history.”

Netflix and Amblin are currently working on Leonard Bernstein’s Maestro, starring Bradley Cooper, which is now in pre-production.