TV & FILM

Netflix Inks Major Deal with Weinstein Company, Premium Cable Can Now Metaphorically Suck It

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bill-swift - August 21, 2013

Mark this down as another big victory for Netflix. Today, just a month after the internet streaming service snagged 14 Emmy nominations, it was announced that they've now struck a deal with the all-powerful Weinstein brothers.

The terms of said deal? Well, Netflix will give the Weinsten Company a lot of money, and in return, beginning in 2016, they will get exclusive rights to WC's first-run films as soon as they are out of theaters. (Yeah, I know that's not very specific, but the length and financial terms of the deal haven't been disclosed yet, so give me a break.)

As you probably know, Bob and Harvey Weinstein (who is not to be confused with Harvey Fierstein) happen to be the most powerful producers in Hollywood, with films such as The Artist, The King's Speech, and Silver Linings Playbook to their credit, among many others. So this is kind of a huge deal for Netflix, and kind of terrible news for other streaming services (like Amazon) and premium cable channels (like HBO and Showtime).

What does it mean for you? Obviously, it means more first rate films to watch at night instead of reading books, which are so last millennium.

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