EXCLUSIVE: Netflix has renewed its deal with Miramax to keep some of its 700-plus title library within their streaming service. Netflix said that some titles are staying put and others falling out but they would not release the number of titles they are keeping. Although Netflix’s corporate strategy is heavily on developing original content, the library made up roughly 10% of the streaming service’s total content right now.
No terms of the deal have been disclosed, but the deal is surprising given that Netflix chief Ted Sarandos underscored to Deadline earlier this month about the importance of original content. He noted, “What I’m trying to do is take the benefits and the beautiful byproduct of the Internet, which is all about consumer choice, and apply it to movies where no one else has.” In talking about content deals, he only included Disney and The Weinstein Company.
The Miramax library pact with Netflix was set to expire yesterday, May 31. The Miramax library “refresh” comes only months before the streaming service’s deal with Disney kicks in and as its multi-year pact with The Weinstein Company gets underway. In September, Netflix will have the exclusive rights for streaming/pay TV of the latest live-action and animated films from Disney, Walt Disney Animation Studios, Marvel Studios, Pixar Animation Studios, Disneynature and Lucasfilm for all films released this year. That means The Jungle Book, Captain America: Civil War, Zootopia and Alice Through The Looking Glass as well as Finding Dory, Doctor Strange and Rogue One: A Star Wars Story.
The deal also includes direct-to-video titles and all will be made available for Netflix members to watch instantly in the pay TV window on multiple platforms including television, tablets, computers and mobile phones.
In addition, the two giants pacted on a multi-year catalog deal for Disney classics like Dumbo, Pocahontas and Alice In Wonderland.
The Weinstein Co. deal includes such titles as Django Unchained, Silver Linings Playbook, The Hateful Eight and Philomena to name a few.
With the Miramax library, Netflix keeps hold of such titles as Pulp Fiction, Good Will Hunting, Shakespeare In Love, No Country For Old Men and The English Patient as well as Life Is Beautiful, Amelie, The Crying Game, Strictly Ballroom, My Left Foot and Cinema Paradiso (again, to name only a few).
Miramax has gone through various incarnations in ownership but most recently was bought by Qatar-based media and entertainment company beIN Media Group. The company was originally launched in 1979 by Bob and Harvey Weinstein who now helm The Weinstein Company.
This month, Netflix will release Jurassic Park: The Lost World, this year’s Best Picture Oscar winner Spotlight; in July it drops The Big Short; and in August it will premiere another critical favorite in The Little Prince along with The Fast & The Furious, The Wedding Planner and St. Vincent.
In response to inquiries from Deadline, Netflix said, “We refreshed our agreement with Miramax … summer is a time when we refresh a large part of our film catalogue and this year is no exception.”