Today, it was announced by streaming giant Netflix that they’ll be partnering with Steven Spielberg’s Amblin Partners to develop multiple new films per year for the streaming service, which includes banners such as Amblin Entertainment, Amblin Television, and DreamWorks Pictures.
This likely means that Amblin is going be increasing it’s output of feature films and that upcoming projects such as their vampire flick Last Voyage of The Demeter along with ones still in development stages, could end up being released by Netflix and likely won’t have as much trouble getting financing. On paper it like a win-win for both media companies.
Here’s is the official press release.
Amblin Partners, the global film and television studio led by Steven Spielberg, and Netflix have announced a partnership that will cover multiple new feature films per year.
“At Amblin, storytelling will forever be at the center of everything we do, and from the minute Ted and I started discussing a partnership, it was abundantly clear that we had an amazing opportunity to tell new stories together and reach audiences in new ways. This new avenue for our films, alongside the stories we continue to tell with our longtime family at Universal and our other partners, will be incredibly fulfilling for me personally since we get to embark on it together with Ted, and I can’t wait to get started with him, Scott, and the entire Netflix team,” said Amblin Partners Chairman Steven Spielberg.
Netflix’s Co-CEO Ted Sarandos said, “Steven is a creative visionary and leader and, like so many others around the world, my growing up was shaped by his memorable characters and stories that have been enduring, inspiring and awakening. 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.”
The two companies previously worked together on the Academy Award-nominated The Trial of the Chicago 7, and are currently collaborating on Bradley Cooper’s Leonard Bernstein film, Maestro, which is in pre-production.
It’ll be interesting to see what this means for Amblin’s participation with the theatrical experience and this is a sign they could end up walking away completely, outside of deals with Universal Pictures and Disney.
Amblin’s recent projects include the Paramount+ sci-fi action series Halo debuting in 2022, James Mangold’s Indiana Jones 5 at Disney, and Colin Trevorrow’s Jurassic World: Dominion at Universal Pictures.
SOURCE: NETFLIX
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