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Spielberg signs major streaming deal with Netflix

US director Steven Spielberg has since dismissed as false claims that he previously tried to bar Netflix from Oscars competition

Steven Spielberg will produce multiple new films for Netflix every year, the company said Monday, in a major deal that highlights how fully Hollywood has embraced streaming platforms.

The partnership with arguably Tinseltown’s top director is a coup for Netflix at a time when competition with streaming rivals including Disney+ and HBO Max is heating up.

In a joint statement about the Netflix deal, Spielberg praised “this new avenue for our films” as an “amazing opportunity to tell new stories together and reach audiences in new ways.”

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“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,” said Sarandos.

Monday’s announcement does not specify whether Spielberg, who in recent years has produced many more films than he has directed, will personally direct any of the Netflix movies.

That move has been accelerated by the Covid-19 pandemic. Another production by Spielberg’s Amblin, “The Trial of the Chicago 7,” was intended for theatrical release by Paramount but ended up on Netflix last year while thousands of movie theaters were closed.

Other top directors who have recently joined forces with Netflix include Martin Scorsese (“The Irishman”), Spike Lee (“Da 5 Bloods”) and David Fincher (“Mank”).

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