The agreement kicks off in 2011 and represents the latest coup for Netflix following a similar arrangement with Relativity Media and a deal with Epix that grants it streaming rights to films from Paramount, Lionsgate and MGM.
FilmDistrict releases will stream online several months after their release on DVD. FilmDistrict’s maiden slate includes Nicolas Winding Refn’s thriller Drive starring Ryan Gosling and Carey Mulligan and the sci-fi action Lockout with Guy Pearce.
Both titles were acquired by FilmDistrict during the recent AFM in Santa Monica. The slate includes the family film Soul Surfer.
FilmDistrict was set up earlier this year by Graham King and his business partners Tim Headington and Peter Schlessel, who became FilmDistrict’s CEO.
Bob Berney and Adrian Alperovich joined the company as president of film distribution and president of acquisitions and operations, respectively.
“Netflix has a long and successful history working with Peter Schlessel and Bob Berney, and I have long admired Graham King’s amazing production success with movies like The Departed and Blood Diamond, which are among the most watched and highly rated movies of all time by Netflix members,” Netflix chief content officer Ted Sarandos said. “We are thrilled to be in business with these proven tastemakers and entertainment business leaders.”
“We are very excited about this new relationship with Netflix,” Alperovich said. “The innovative and flexible entrepreneurial spirit they have demonstrated makes them a perfect partner for us as we build FilmDistrict into a strong independent distributor.”
“Netflix has strategically developed a bold business model and they love movies,” Berney added. “They have cultivated a loyal audience that gives FilmDistrict great opportunities for growth.”