Miramax CEO Mike Lang has wasted little time cutting deals to exploit the library here on the Croisette and has announced a streaming agreement with Netflix to start in June.
Under the terms of the non-exclusive pact, it is understood up to 500 titles from the legendary catalogue like Pulp Fiction, Shakespeare In Love and Cold Mountain could become available to view on a rotating basis across multiple platforms — a key plank in Lang’s philosophy — including TV, tablet, computer and mobile phones. Financial terms of the deal were not disclosed.
In what Lang described as “probably one of the largest library deals that has been done to date on Netlfix”, up to 300 films could be available in any given month. Titles will be “rested” from time to time when certain titles launch on Blu-ray, for example.
“I see Netflix as a great addition to the media landscape and a big friend to the content industry,” Lang told Screen. The roster includes Cinema Paradiso, The English Patient, Scary Movie, the Kill Bill films, Bad Santa and Good Will Hunting.
The non-exclusivity element means Lang can still cut deals for library titles on other platforms such as Hulu or Showtime.
“Netflix is thrilled to enter into this deal with the new team at Miramax,” Netflix chief content officer Ted Sarandos said. “Existing relationships with management and a shared affinity for these great films make this an important deal for both companies and for our members, who will enjoy instantly watching movies from one of the truly great film libraries for many years to come.”
On Sunday Lang announced he was partnering with Dimension Films on a sequel to The Amityville Horror under the deal with The Weinstein Company to make sequels from the Miramax library.