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Tarantino fans rejoice! Netflix announced today that it has inked a multi-year deal with Miramax — the studio behind films like Kill Bill, The English Patient and Pulp Fiction — to stream its movie library starting in June.
Not only is the deal another massive grab for content from Netflix, it’s also Miramax’s first stab at a digital distribution deal since Disney sold off the studio to an investor group for $660 million last July.
Details of the deal haven’t been disclosed, but it could be worth upwards of $100 million, PaidContent reports. CEO Mike Lang told the site in an interview that the Netflix deal, together with others in home entertainment and international distribution, show that Miramax’s new investors clearly have a path to pay back their investment.
Miramax appears to be better off outside of Disney’s domain. Lang said that digital revenue under the Mickey Mouse company, which included sales through iTunes and Amazon’s digital download service, barely totaled $1 million. That’s a pathetic figure no matter how you read it, but it’s particularly shocking since Miramax holds some treasured film classics in its extensive library.
Lang said that Miramax’s entire library won’t be available all at once — for example, some titles may see resting periods to coincide with certain Blu-ray releases. In its press release today, Netflix said that hundreds of Miramax titles will initially be available, with dozens more added on a rotating basis.
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