It won’t be long before likely Oscar-winner “The Artist” will silently grace your instant queue. Yes, Netflix and The Weinstein Company have established a streaming deal.
This is the first such arrangement between Netflix and TWC. The Hollywood Reporter divulges that as a result of the deal, Netflix will feature such films as “The Artist,” “The Intouchables,” Madonna’s “W.E.,” Ralph Fiennes' Shakespeare adaptation “Coriolanus,” and Oscar-nominated doc “Undefeated.” As Newsbeast suggests, Harvey Weinstein is on the verge of winning a bunch of golden statues for some of the above pictures.
"This is a big win for Netflix,” insists TechCruch, which broke the story this morning. While the two parties did not announce terms of the deal, this arrangement “adds a fair selection of high-profile releases even if there is a long wait until they’re available. But Netflix needs more similar deals. Netflix streaming is facing tough competition from Amazon and others. Content is king.”
Netflix garnered something special from TWC, Harvey Weinstein told The Wrap: "It is a fantastic coup for Netflix to acquire 'The Artist' and the package of additional titles. With this deal, a company that loves movies, Netflix, joins forces with a company that is built on that same love."
While this is certainly a boon for Netflix, Gizmodo reminds that TWC has wiggle room: “There's certainly room in this deal for the company to hold back its biggest features. That Weinstein will serve up its biggest movie of the year right away bodes well for the movie buffs.”