Netflix (Nasdaq: NFLX) said it will be the exclusive distributor of The Weinstein Company movies during their pay-TV window beginning in 2016.
The Los Gatos, Calif.-based company will get those streaming rights after The Weinstein Company's current deal with the CBS-owned (NYSE: CBS) Showtime network expires, according to multiple press reports. Netflix said it already carries a variety of older Weinstein Company-made movies and documentaries.
The terms of the deal weren't disclosed, but in a press release Weinstein Company's Harvey Weinstein said the deal was "probably the biggest deal in the history of The Weinstein Company." The two companies are "discussing ways to reinvent the pay TV experience so that the audience can get even more for their money," he added.
2016 is shaping up to be a big year for Netflix. In addition to The Weinstein Company exclusive deal beginning, Netflix's agreement with Disney to be that studio's exclusive pay-TV window distributor also begins then.
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