Netflix inks deal with Miramax, more choice for the entertainment buff

Miramax Netflix Logos

Those who haven’t yet crossed out ‘Good Will Hunting’, ‘Pulp Fiction’, ‘Kill Bill’ from their list of ‘movies to watch’, may want to look this way. Netflix has announced that they’ve signed a multi-year agreement with Miramax to add a huge array of titles to the mix.

It marks the first time Miramax titles have been made available through a digital subscription service. A selection of movies claiming a bunch of Academy Award nominations and wins are part of the buffet. Apart from the aforesaid films, these include ‘The English Patient’, ‘Shakespeare in Love’, ‘Cold Mountain’, ‘Clerks’ and ‘Spy Kids’ among others.

“Netflix is thrilled to enter into this deal with the new team at Miramax,” thrilled Netflix Chief Content Officer, Ted Sarandos, while elaborating on this tie up. “Existing relationships with management and a shared affinity for these great films make this an important deal for both companies and for our members, who will enjoy instantly watching movies from one of the truly great film libraries for many years to come.”

“From day one, we’ve been very clear about the importance of digital and our desire to respond to the significant pent-up demand for our films — delivering to consumers whenever and wherever they want. This agreement is an important first step in our digital strategy. Netflix has always been a trailblazer, with a tremendous track record of innovation and quality customer service. We’re thrilled to now be in business with them as we build and revitalize the proud Miramax brand,” cited Mike Lang, CEO of Miramax.

The movies can be viewed on multiple platforms like TVs, slates, PCs and phones. The streaming service chalks plans at a rate of $7.99 per month for unlimited movies and TV shows streamed over the web to PCs, Macs and TVs. While the financial terms of the new deal have been kept under wraps, it’s easy to fathom how much more popular Netflix can hope to get by delivering a wider choice to customers.

The movie fiesta begins in June for subscribers residing in the U.S.