Netflix Outbids Showtime, HBO For Rights To The Weinstein Co. Movies

Netflix has struck a deal with The Weinstein Company (TWC) which gives it exclusive U.S. subscription TV rights to the studio's first run films, beginning with films released in 2016. The contract will begin after the seven-year deal Showtime signed with TWC in 2008 expires.

Starting with its 2016 theatrically released feature films, new TWC and Dimension Films titles will be made available for Netflix members to watch instantly in the pay TV window on multiple platforms, including televisions, tablets, mobile phones and computers.

Netflix is already the Pay TV home to TWC documentaries and foreign films, including the Academy Award winning Best Picture,The Artist, and Best Documentary Feature, Undefeated, as well as to a wide-range of movies released by multi-platform distribution label RADiUS-TWC.

"The deal that we've just completed with Netflix is probably the biggest deal in the history of The Weinstein Company and together, we are discussing ways to reinvent the pay TV experience so that the audience can get even more for their money," TWC co-founder Harvey Weinstein said in a prepared statement.