Netflix Gets Miramax Movie Library


The worlds most famous independent movie studio is proceeding with its digital strategy.


By: DAVID SHEAR  
Published: May 16th 2011
in Culture » Movies


Miramax

Netflix announced that it has entered into a multi-year deal with Miramax, the independent film company founded by the Weinstein brothers.  

 

This new agreement will increase Netflix's already considerable database with hundreds of new Miramax titles like Pulp Fiction, Chicago, and Shakespeare in Love.  Starting in June, dozens of films from their collection will be added on a rotation basis.

 

This new deal is the first of what Miramax has decided would be it's post-Disney strategy.  Miramax, which was acquired by Disney in 1993, was sold to Filmyard Holdings, an investment group which includes the original founders of Miramax, Bob & Harvey Weinstein, in December 2010.

 

Miramax owns a very valuable library of highly acclaimed movies.  Even though Miramax has three new releases for 2011, the studio has decided to focus on digital distribution agreements, such as the Netflix one, which they believe will be the most profitable strategy for them.  They are currently in negotiations with Hulu and Amazon as well.



Related articles: (Netflix, Miramax, Weinstein, Pulp Fiction, Chicago, Shakespeare in Lo)
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