Neither will have first shot at Amblin properties; Spielberg will make some films for Universal, and others to be made for Netflix.
The expectation is that Amblin will generate multiple films per year for Netflix, which has a voracious appetite for content and releases a new film per week.
Said Amblin Partners chairman Spielberg on Monday in a statement: “At Amblin, storytelling will forever be at the center of everything we do, and from the minute Ted and I started discussing a partnership, it was abundantly clear that we had an amazing opportunity to tell new stories together and reach audiences in new ways.This new avenue for our films, alongside the stories we continue to tell with our longtime family at Universal and our other partners, will be incredibly fulfilling for me personally since we get to embark on it together with Ted, and I can’t wait to get started with him, Scott, and the entire Netflix team.”.
Said Jeff Small, Amblin Partners CEO: “By deepening our ties with Netflix via this new film partnership, we are building on what has for many years been an incredibly successful working relationship in both television and film.