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Spielberg to make movies for Netflix, as firm looks for quality content

Streaming service signs deal with legendary filmmaker's company to produce multiple films a year.

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In the 14 years since Netflix began offering online content, it has single-handedly revamped the concept of home entertainment, slayed pesky cable contracts and reshaped Hollywood, all largely to the benefit of consumers.

Tara Lachapelle | Bloomberg
When Steven Spielberg agrees to make movies for Netflix Inc., it’s no longer just a Covid-19 pandemic phenomenon. Even if the box office’s relocation to the living room is only a partial one, it is permanent. And it’s forcing Hollywood and Netflix to realize how much they need each other.

In a game-changing announcement Monday, Spielberg’s production company, Amblin Partners, signed a deal to produce multiple films a year for Netflix, attaching one of Hollywood’s most influential producers and legendary directors — “Jaws,” “E.T.,” “Jurassic Park” — to the most popular entertainment venue of recent times. It’s significant in that