In a content acquisition coup, Netflix has signed a multiyear streaming deal with The Weinstein Co. giving it exclusive rights to certain TWC titles before they hit pay-TV channels. Among the titles included in the deal is critical darling and Oscar-nominated The Artist.
The Netflix/TWC deal also includes foreign language films and documentaries such as the Oscar-nominated Undefeated.
TWC co-chairman Harvey Weinstein applauded the deal:
“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. It’s exciting that we can offer consumers a supremely convenient way to see the kinds of movies that made us want to be in this business in the first place.”
Netflix has stated numerous times that it considers HBO to be its arch rival. Such moves as this agreement with TWC definitely give Netflix bragging rights and an advantage over its competitors. But can the company afford to keep making these kinds of deals?
[via Home Media Magazine]