Steven Spielberg signs long-term contract with Netflix

Production company Amblin, owned by famous director Steven Spielberg, has signed a partnership agreement with streaming service Netflix. The deal calls for the production of movies for streaming with no restrictions on budget or genre.

“At Amblin, story is at the center of everything we do, and from the moment Netflix CEO Ted Sarandos and I began discussing the partnership, it was very clear that we have an amazing opportunity together to tell new stories and engage audiences in new ways,” Steven Spielberg said.

@I grew up influenced by his (Steven Spielberg’s) memorable characters and stories that were lasting, inspiring and exhilarating. We can’t wait to start working with the Amblin team, and we are honored and excited to be a part of this chapter of Steven’s cinematic history,” Sarandos shared.

No word yet on what projects will come out of the agreement, but what is known is that the studio has been active in recent months in producing new films.

Already this summer Spielberg plans to shoot a semi-autobiographical drama with Paul Dano and Michelle Williams in the lead roles.