If you’re like me you’ve been wondering when that subscription to Netflix Streaming was finally going to come in handy. You know, because I’m tired of watching made-for-TV B-rate movies. Finally, it looks like the $8 per month subscription is finally going to start earning its way to my TV.
According to the Associated Press, Netflix has struck a deal with the Weinstein Company that will give the streaming movie service the first opportunity to snatch upcoming Weinstein releases before they go to pay-for-TV. The AP reports that the deal is for multiple years and that one of the first films that Netflix will get a shot at is the the Best Picture Oscar nominated film for this year The Artist.
This deal with the Weinstein Company could not have come at a better time for the streaming service as their Starz deal is set to expire next week with no talks of re-upping. Netlfix’s CEO Reed Hastings noted that the company’s biggest rival in the battle for television/movie supremacy is HBO. He stated that this current deal with the Weinstein Company will only prove to open more doors for Netflix and will likely show other production companies that Netflix means business. This current deal also means that HBO, as well as the other premium cable channels (i.e. Starz, Showtime, Cinemax), could start to lose out on films they have their eyes on in the future.
One thing these movie deals might turn into for us premium cable channel lovers is more premium original content (such as Luck, Game of Thrones, Homeland, Boss, etc.).
We shall see…