Steven Spielberg’s Amblin Entertainment forged a multiyear deal to make movies for Netflix. Two years ago, the legendary director reportedly opposed the idea that streaming films should qualify for Oscars.
The new pact was seen as a sign that the old guard was finally embracing the realities of a shifting business forced to adapt to changing consumer habits.“It was a big moment for us,” says Scott Stuber, Netflix’s movie chief. “Throughout Wall Street, throughout the industry, there was recognition about the possibilities that this deal presents.
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