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Why Steven Spielberg’s Netflix deal is not as big as you think – Source fastcompany.com

On Monday, June 21, Netflix generated the kind of headline-grabbing news that the streamer is famous for when it announced a deal with Steven Spielberg’s production company, Amblin Partners. Just like that, the world’s biggest filmmaker had joined the Netflix mothership, a development that the media touted as nothing short of world-changing. Netflix is in the Steven Spielberg business!

Even more remarkable: Not all that long ago—in 2018—Spielberg drew a line in the sand when it came to making movies for streaming companies, saying that those films “deserve an Emmy, but not an Oscar.”    

As one producer put it: “Steven was a loud naysayer opposing Netflix. In one flick of the pen, Netflix gets the major filmmaker of our time and silences a critic. Genius.”

It certainly sounds genius. Netflix, which has committed to making 60 movies this year, suddenly has a marquee name to help bolster production and draw subscribers as it fends off competition from Disney Plus and…

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Source : fastcompany.com

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