Hollywood is buzzing today about a blockbuster deal between Netflix and The Weinstein Company—the Harvey Weinstein-driven distributor of countless Oscar winners and this year's guardian of The Artist and The Iron Lady.
According to the Hollywood Reporter, Weinstein's new multi-year licensing agreement will see scores of movies make their American TV debut exclusively on Netflix. As an example, company officials said this year's Oscar frontrunner, The Artist, will debut exclusively on Netflix rather than on traditional premium cable. Also making its pay TV premiere on Netlix will be Undefeated, nominated for an Academy Award for best documentary feature.
The deal will cover foreign-language movies, documentaries and other films in the Weinstein vault.
Neither Weinstein nor Netflix would disclose financial terms.