From 'Vocal Holdout' to Partner: Inside Steven Spielberg's Shocking New Netflix Deal

"In one fell swoop, Netflix gets an A+ filmmaker name AND silences a critic. Smart," one top producer tells TheWrap

Netflix scored a major coup on Monday by signing a multipicture deal with Steven Spielberg's Amblin Partners -- just two years after the Oscar-winning director criticized streamers for ruining the “motion picture theatrical experience” with their eagerness to bypass theaters and release movies exclusively for at-home audiences.

"Steven was a vocal holdout opposing Netflix," one top producer told TheWrap, offering praise for Netflix co-CEO Ted Sarandos. "You can bet Ted showered him with beaucoup money and controls. I scarcely think he'll be answering to (Netflix head of original films) Scott Stuber. In one fell swoop, Netflix gets an A+ filmmaker name and silences a critic. Smart."

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Brian Welk

Film Reporter • brian.welk@thewrap.com • Twitter: @brianwelk

Umberto Gonzalez

Film Reporter ◘umberto@thewrap.com◘Twitter: @elmayimbe