Netflix licenses Weinstein Company movies for 2016

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.

For more:
- read the press release here
USA Today had this report
GigaOM had this report

Related articles:
Netflix adds 'Marco Polo to original series pipeline
On Amazon, Hulu and Netflix, TV trumps movies 
Netflix says rise in online video distributors benefits content owners, creators

Suggested Articles

AT&T is reportedly looking to offload Crunchyroll, its streaming video service focused on anime, to Sony for $1.5 billion.

Media analyst firm MoffettNathanson sees a second wave of cord cutting rising and warns that it could be even more damaging than the first.

Google said there are now over 80% more Android TV monthly active devices than a year ago as demand for content and video apps increases.