Can This Be a Game-Changer for Netflix?
Streaming exploded during the pandemic, and competition continues to heat up. Netflix (NASDAQ: NFLX) remains the leader in the industry, surpassing 200 million subscribers as of last year. But it's had no time to take a break, as rivals up the ante. Last week, the company announced a new content deal that should provide it with some leverage and help it keep its top spot. Let's see how.
Amblin Entertainment might sound familiar to readers who enjoy watching films, and that's because it is mega-director Steven Spielberg's entertainment company, producing films such as Jaws and Indiana Jones. Netflix and Amblin have collaborated before on such projects as Jurassic World: Camp Cretaceous. The new deal is for Amblin to produce "multiple" films to add to Netflix's original lineup. This brings Netflix's content to true Hollywood-level filmmaking, putting some of its film production on par with the best.
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Source Fool.com
