Miramax movies to be available on Netflix [Updated]
Miramax has signed a multi-year agreement to make its movies available via Netflix online streaming, the first of what the independent studio's new management has promised will be multiple digital platforms for its library.
Under the deal announced Monday, dozens of titles at a time will be available via Netflix streaming, entering and exiting the service on a rotating basis starting in June. Among the movies from Miramax's 700-plus film library that Netflix subscribers will be able to see at varying times are "Pulp Fiction," "Shakespeare in Love," "Bad Santa" and "Kill Bill."
Mike Lang, chief executive of Miramax, has been talking to Netflix about a deal since he took over the company in December, when it was acquired by a consortium of investors led by Colony Capital and Ron Tutor. At the time, Lang said digital-distribution arrangements were a top priority to start generating additional revenue from the Miramax library.
The Netflix deal was not described as exclusive, meaning Lang will be able to sign agreements with other distributors. Among those he has been talking to are Google, Hulu and Amazon.com.
[Update, 7:57 a.m.: A knowledgeable person who asked not to be identified because of the confidentiality of the deal terms confirmed that the agreement is non-exclusive and said it guarantees Miramax at least $100 million in payments.]
-- Ben Fritz and Steve Zeitchik
Photo: Uma Thurman and Gordon Liu in "Kill Bill Vol. 2." Credit: Andrew Cooper / Miramax Films