Netflix’s movie library just got a little (or a lot) bigger.
The Weinstein Company, which already has a deal in place with Netflix covering select films, has now signed an exclusive multi-year streaming contract with the popular service. Netflix is currently the pay TV home to TWC documentaries and foreign films, along with movies released by RADiUS-TWC, but as of 2016, new TWC and Dimension Films titles will be available for instant streaming exclusively on Netflix.
“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 a press release. “Their enthusiasm for movies of all kinds was the big factor in our choosing Netflix. Moving forward when people see The Weinstein Company name on a movie they know that our pay TV partner is the most significant new force in the entertainment industry - Netflix.”
But TWC is not the first company to sign an exclusive multi-year contract with Netflix. This deal places TWC in the company of Disney, DreamWorks Animation, and Twentieth Century Fox Television. And according to Netflix’s Chief Content Officer, Ted Sarandos, the addition of TWC will lead to a new kind of pay TV window: “Harvey and Bob Weinstein are in a class to themselves when it comes to choosing and producing the best films in the world. 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.”