Starting in 2016, the popular streaming service will hold first-run rights for new Weinstein Company films.
Netflix and The Weinstein Company have announced a licensing agreement that will grant Netflix the exclusive U.S. TV subscription rights to The Weinstein Company's films. The multi-year deal will begin in 2016, granting Netflix users lone streaming access to all subsequent first-run theatrical releases from TWC and its Dimension Films division.
The movies will be made available to Netflix subscribers during the pay TV window through the usual assortment of supported streaming platforms, including televisions, computers, and mobile devices.
Speaking about the new agreement, TWC founder Harvey Weinstein said, "The deal that we've just completed with Netflix is probably the biggest deal in the history of The Weinstein Company and together, we are discussing ways to reinvent the pay TV experience so that the audience can get even more for their money."
Several foreign and documentary films from TWC are already available on Netflix. A similar exclusive agreement between Netflix and Disney was announced last year and, coupled with its recent push for original content, the streaming service continues to compete directly with traditional cable providers and networks.